💥💥Reasons Pepe Coin Outpacing Dogecoin, Shiba Inu In June

📈 Market Recovery
The cryptocurrency market is recovering on Wednesday after a week of losses. CoinGecko shows a 1.2% increase in the market cap to $2.487 trillion, with small price increases across the board. Meme coins, particularly Pepe Coin, are at the forefront of this recovery.

🐸 Pepe Coin Surge
Pepe is up 8.5% to $0.00001141, with its market cap reaching $4.8 billion. It ranks #23 on CoinMarketCap and is the 11th most traded digital asset with a trading volume above $1 billion.

🐶 Dogecoin and Shiba Inu Struggle
Dogecoin (DOGE) is up 2.5% to $0.1236 but faces resistance at $0.13. It may retest support at $0.12 if the RSI continues downtrend. Shiba Inu (SHIB) is up 1.8% to $0.00001822 but is falling toward support at $0.000018 due to a descending triangle pattern and death cross.

📊 Potential for SHIB and PEPE
SHIB could rebound above $0.000025 if it breaches the 200-day EMA resistance at $0.00001981. Pepe Coin, despite its recent recovery, is eyeing a breakout from a falling wedge pattern, which could push it above $0.000014 and back to its ATH of $0.00001722.

🚀 Pepe Leads Recovery
Pepe's rally this week highlights its popularity among whales, with strong support at $0.00001 and potential for further gains as the RSI improves. A breakout could accelerate its recovery and push it to new highs.

🔥5 Low Cap Altcoins To Go Flying In July

The cryptocurrency market is buzzing as Bitcoin hovers around $65,000, setting the stage for significant growth among smaller-cap assets. Highlighted altcoins with potential include Gala (GALA), Pendle Finance (PENDLE), Axie Infinity (AXS), Ordi token (ORDI), and Gnosis (GNO), each leveraging the current bullish trend with innovative solutions and strong community support.

🚀 Gala (GALA)
Gala (GALA) powers Gala Games, facilitating NFT purchases and network operations. Recently priced at $0.02786, up 5% in 24 hours, GALA's market cap reached $887 million. Despite a recent dip, GALA's bullish trend makes it an appealing altcoin as Bitcoin rallies.

🌟 Pendle Finance (PENDLE)
Pendle Finance revolutionizes yield management by tokenizing and trading future yields. Its price surged to $5.27, up 16% in 24 hours, reflecting strong growth. PENDLE's innovative approach positions it as a key player in the RWA sector, promising a bright future for low-cap cryptocurrencies.

🎮 Axie Infinity (AXS)
Axie Infinity (AXS) is a blockchain game inspired by Pokémon, where players battle creatures called Axies. Currently priced at $5.93, up 3% in a day, AXS boasts a market cap of $886 million. AXS's 21% growth over the past year suggests it will benefit from Bitcoin's gains.

💥 Ordi token (ORDI)
Ordi token (ORDI) leverages the Ordinals protocol to embed data into Bitcoin’s satoshis. Trading at $37.67 with a 533% increase over the past year, ORDI's market cap is $791 million. This innovative approach and recent 3% price increase highlight ORDI's growing importance in the market.

📈 Gnosis (GNO)
Gnosis (GNO), a DAO focused on Ethereum infrastructure, is priced at $322, up 6.65% in 24 hours. Ranked 83rd on CoinMarketCap with a market cap of $835 million, GNO's 200% value increase over the past month signals substantial growth potential as Bitcoin rallies.

👀Bitcoin Price Drop To $60,000 Lingers As ETF Outflows Escalate

📉 Bitcoin Struggles Below $65,000
BTC is stuck under $65,000 with immediate support at $64,000. Efforts to recover from the drop to $70,000 lost steam on Wednesday. Rising selling pressure could push BTC to lower levels at $62,500 and $60,000 to gather liquidity for a rebound.

📊 Bitcoin ETF Outflows
Bitcoin ETFs boosted market sentiment since January, helping BTC reach an ATH of $73,000 in Q1. However, recent outflows have hurt BTC, causing it to hover at $64,945. A $152 million net ETF outflow for June 18 suggests continued pressure on BTC prices.

📉 Futures Market Open Interest
Bitcoin futures market open interest dropped to $36.4 billion from an ATH of $37 billion, indicating decreasing trader interest and hinting at a potential downtrend.

🔻 Next Bitcoin Price Support
Trading below $65,000 gives sellers an advantage. The RSI at 39 and MACD sell signal suggest further decline. Support levels to watch are $64,000, $62,500, and $60,000, from where a strong recovery to $70,000 could begin.

💥Shiba Inu Price Prediction: SHIB Eyes A 200% Breakout

📈 Shiba Inu Price Surge
SHIB surged 2.7% in the last 24 hours, possibly due to positive news about the SEC dropping investigations into Ethereum. SHIB traded around $0.00001823, reacting quickly as an ERC20 token.

🚀 SHIB Price Prediction: 4X Breakout Likely
After a high of $0.00004567 in March, SHIB fell 62%. Despite this, it formed a bullish falling wedge pattern and rests in a strong support zone. Breaking out of this pattern could see SHIB surge to $0.000057, a 201% increase. Resistance levels are at $0.000029, $0.000034, and $0.000038, with support at $0.000016 and $0.000011.

💡 SHIB Price Future Outlook
Developers are enhancing SHIB's relevance through the Shibarium blockchain, partnerships like DevourGO, and increased adoption in metaverse platforms like The Sandbox. The SEC's closure of the Ethereum investigation and potential ETH ETF approval also fuel optimism.

🔮 Bottom Line
Shiba Inu is evolving beyond a meme coin with ongoing development and adoption. While reaching $1 might not be feasible in 2024, SHIB has the potential to achieve this in the coming years, bolstered by its growth and token burn program.

🚀3 Under $5 Cryptocurrencies To Sell Before Bitcoin Crashes Below $60,000

Investors in the crypto market are struggling after a bearish week. Bitcoin might drop to $60,000, and Ethereum is below $3,500, prompting a need to consider which cryptocurrencies to sell to avoid further losses.

🪙 Pepe Coin
Pepe is up 8.5% to $0.00001141 with a market cap surge to $4.8 billion. Despite this, it's down from its ATH of $0.00001722. If Pepe falls below $0.00001, it could hurt portfolios. Consider selling if the decline continues.

🐶 Dogecoin (DOGE)
Dogecoin has been in a downtrend, dropping to $0.12. Failure to break above $0.13 could signal further losses below $0.1. If no progress is seen, it might be wise to remove DOGE from your portfolio.

📈 Lido DAO (LDO)
Lido DAO saw a trading volume spike and market cap increase, trading between $1.82 and $2.39. If it declines below $2, it could signal a bearish trend. Consider selling LDO if the downturn continues in June.

Remember, extensive research is essential before making any portfolio changes.

🔥🔥🔥Top 5 Altcoins To Buy If Targeting 2X Recovery This Week

📈 Investors are scouting the market for altcoins to buy after Bitcoin's volatility caused a downturn. Despite the losses, some altcoins show recovery signals. Here are five altcoins that could rally by 100% this week.
Notcoin (NOT)

🚀 Notcoin, a play-to-earn token, launched in mid-May and has shown strong performance with a $1.6 billion valuation. Trading at $0.0158, NOT saw a 3% increase in 24-hour volume. Increased activity on the TON blockchain, with USDT supply exceeding $580 million, boosts its prospects.
JasmyCoin (JASMY)

💹 JasmyCoin allows users to own and monetize their data. After a pump linked to Apple rumors, JASMY found support at the 0.5 Fibonacci level and targets 2X gains. Trading at $0.0338, with a 0.4% increase in 24-hour volume, JASMY is a strong buy for potential 100% gains.

Shiba Inu (SHIB)
🐕 Shiba Inu, known as the Dogecoin ‘killer,’ could rebound soon with bullish news and increased burn rates. Real-life adoption is rising, with SHIB accepted by DevourGO. Trading at $0.0000181, SHIB's 24-hour volume spiked by 148%, signaling strong interest.

DOG•GO•TO•THE•MOON (Runes) (DOG)
🌕 DOG•GO•TO•THE•MOON (Runes), a meme coin on the Bitcoin network, has a $613 million market cap and trades at $0.006089. With a 45% increase in 24-hour volume, it aims to surpass the $1 billion mark.

Pepe (PEPE)
🐸 Pepe, a top meme coin, is gearing up for another rally. Despite a recent 10.1% weekly drop, its 24-hour trading volume surged by 75.2% to $1 billion. PEPE trades at $0.00001071, showing increased market activity.
📉 While these altcoins have declined recently, they offer strong potential for attractive returns based on current trends and indicators.

🤑Bitcoin Price: Top Reasons Why $65K Support Can End Crypto Crash?

📊 The Bitcoin Fear and Greed Index remains high at 74, suggesting early stages of greed. Despite recent losses, some investors see BTC as a good buy at current levels. However, cautious optimism is advised as the market could see further sell-offs.

🔍 Over the past 7 days, Bitcoin has declined by 2.5%, adding to a 4.5% drop over the past two weeks. Support at $65,000 is crucial for a bullish outlook, potentially pushing BTC to $70,000.

📉 Analysts note that retail investors have not yet significantly impacted the market. Long-term holders provide a solid price base, but Bitcoin needs to breach key resistance levels at $68,000 and $70,000 for a bullish trend.

📈 Bitcoin is in a falling wedge pattern, indicating potential short-term recovery if $65,000 support holds. The RSI is at 40, suggesting a selling bias. If selling continues, BTC may drop to $63,000 or $60,000. Bulls face resistance at $68,000 and $70,000 before targeting new highs.

🤯Pepe Coin Whale Dumps 1 Tln Coins To Binance, Price Risks Further Dip?

📉 Pepe coin has sparked investor concerns amid the crypto market’s bearish trend on June 18. The frog-themed meme coin has shown signs of a correction, with bearish sentiments amplified by a whale’s colossal selloff of over 1 trillion PEPE to Binance.

🐳 Whale Alert data shows 1.15 trillion PEPE, worth $12.34 million, was dumped by an unknown address, causing significant selling pressure and reduced market confidence. Despite this, the whale still holds 6.77 trillion PEPE and 2.19 trillion SHIB, among other tokens.

📊 PEPE’s price dipped 9.21% in the past 24 hours to $0.00001055, with daily lows and highs of $0.000009865 and $0.00001176, respectively. Coinglass data indicates substantial liquidations totaling $6.78 million, contributing to the price correction.

📉 Futures OI for PEPE dropped 14.52% to $109.67 million, while derivatives volume spiked 79.19% to $1.96 billion due to speculative trading. The RSI at 38 signals downside pressure, potentially leading to oversold conditions and a price rebound if the market recovers.

🚀Notcoin Price Forecast: Is NOT Going To Zero As Bearish Momentum Builds?

📉 Notcoin price forecast shows a significant 14.64% drop, now trading at $0.01534, according to CoinMarketCap. With a market cap of approximately $1.575 billion, trading volumes surged over 5% in the last 24 hours, reaching around $770 million.

📊 Over the past week, Notcoin has seen a decrease of more than 4%, indicating bearish sentiment. Despite this, the token has gained approximately 130% over the past month, showing an overall upward trend. The broader market downturn, with Bitcoin dropping below $66,000, is affecting altcoins like Notcoin.

🔍 Analysts suggest various factors behind the sell-off, including macroeconomic pressures and miner capitulation. Notcoin shows strong downtrend momentum, possibly finding support at $0.015. A prolonged downturn could push the price to $0.012 or $0.01. However, a bullish phase could see it break the $0.019 resistance level, potentially reaching $0.05.

📉 Technical indicators show a concerning downward trend. The MACD is below the signal line, and the RSI is at 27, indicating oversold conditions. The Bollinger Bands suggest narrowing volatility, with the price trend descending toward the lower band.

💥Notcoin (NOT) drops by over 15% drop in price

Since the conclusion of the most recent airdrop claim period on Sunday, the crypto known as Notcoin (NOT) has experienced a huge decrease of 18.3%, falling from $0.02071 to $0.0175.

As of the time this article was written, the price of Notcoin is $0.01804, and its total market capitalization is $1.85 billion.

The trade volume of Notcoin has decreased by more than twenty percent during the course of the past twenty-four hours, reaching a total of eight hundred and ninety-nine million dollars.

This decrease is accompanied by a more widespread correction in the market, with Notcoin currently trading at a price that is more than 37% lower than its all-time high of $0.02896.

Despite this, it continues to be the 57th largest cryptocurrency by market capitalization, outperforming renowned projects such as Jupiter and zkSync in terms of the buzz around it.
Notcoin has acquired a sizeable user base, having 11.5 million holders, with at least 2.5 million confirmed as on-chain participants. This is despite the fact that the crypto has experienced negative growth.

Notcoin is a cryptocurrency that is only partially developed. It is based on the TON blockchain and initially acquired popularity by means of an airdrop that was distributed to users of a popular tap-to-earn game that is based on Telegram.

Notcoin's rapid acceptance and favorable attention from the cryptocurrency world can be attributed to the widespread success of the game.

🤯Notcoin (NOT) Faces 11% Decline Post-Airdrop

The well-known cryptocurrency Notcoin (NOT) has seen a significant 18.3% decline, dropping from $0.02071 to $0.0175, since the end of its recent airdrop claim period on Sunday. At the time of writing, Notcoin is trading at $0.01804 with a market cap of $1.85 billion. In the last 24 hours, Notcoin’s trading volume has dipped by more than 20%, settling at $809 million. This decline accompanies a broader market correction, with Notcoin now trading over 37% lower than its peak value of $0.02896. Nonetheless, it remains the 57th largest cryptocurrency by market capitalization, surpassing prominent projects like Jupiter and zkSync in the hype.

Despite this downturn, Notcoin has amassed a sizable user base, boasting 11.5 million holders, with at least 2.5 million confirmed as on-chain participants. Notcoin is a partially new crypto that operates on the TON blockchain and gained initial attraction through an airdrop to users of a popular Telegram-based tap-to-earn game.

The game’s success led to Notcoin’s rapid adoption and favorable attention from the crypto community. Concurrently, the TON blockchain itself has experienced a surge, recently surpassing its previous all-time high and exceeding $8.08. Active wallet addresses on TON have surpassed 577848, indicating significant ecosystem growth.

#NOT🔥🔥🔥 #Notcoinnews #Notcoin👀🔥

🚀3 Altcoins to Watch After the ETH ETF Market Launch: Pepe (PEPE), Optimism (OP) and Rebel Satoshi Arcade (RECQ)

🚀 Ethereum ETF Launch: Altcoins Ready to Shine
🔹 Rebel Satoshi Arcade (RECQ): 5,000% Growth Potential
Built on Ethereum, RECQ blends memes, NFTs, and GameFi, making it a standout investment. With a presale token price of $0.0044 and an upcoming rich ecosystem, experts predict a monumental 5,000% rally post-launch.

🔹 Pepe (PEPE): Surging Towards New ATHs
Pepe has emerged as a top memecoin on Ethereum, surpassing other meme narratives. With expectations of further ATHs amid ETH ETF momentum, it remains a top pick for budget-friendly altcoin investors.

🔹 Optimism (OP): Scaling Ethereum to $10
Optimism addresses Ethereum's scalability with optimistic rollups, gaining traction among developers. Positioned for a rally past $10, it's poised to capitalize on the impending bull run driven by the ETH ETF market.

🔹 Conclusion
After the launch of ETH ETFs, Pepe, Optimism, and Rebel Satoshi Arcade stand out as prime altcoins to watch. Positioned for substantial gains in Ethereum's expanding ecosystem, they present lucrative opportunities for savvy investors.

#meme_coin #priceprediction #altsesaon

🔥🔥🔥Best Cryptocurrencies to Watch This Week

Exciting Crypto Opportunities This Week
🔹 CYBRO Presale: High-Yield Investments
CYBRO is drawing attention with its exclusive token presale, offering a potential ROI of 1200% at a token price of $0.025. With lucrative staking rewards, airdrops, and more, it's gaining traction among crypto whales and influencers.

🔹 Notcoin (NOT): Strong Uptrend
NOT has surged 180.80% in a month and shows positive indicators with an RSI of 54.01 and slight MACD positivity. Trading between $0.0148 to $0.0260, it faces resistance at $0.0329 and support at $0.0105.

🔹 Pepe (PEPE): Overview and Prediction
PEPE trades between $0.00001 and $0.00002, showing a 19.19% increase in a month and 817.56% over six months. With an RSI of 56.13, it's poised for impulsive moves.

🔹 Toncoin (TON): Overview and Prediction
TON has surged by 266.37% in six months, trading between $6.48 to $7.82. With resistance at $8.52 and support at $5.85, it shows strong upward momentum.

🔹 Solana (SOL): Overview and Prediction
SOL ranges from $151.91 to $173.96, with resistance at $185.81 and support at $141.71. Despite recent declines, it has risen by 94.32% in six months.

🔹 Conclusion
While NOT, PEPE, TON, and SOL show potential, CYBRO stands out with its upcoming launch and unique yield opportunities on Blast blockchain. Early investors can participate in the presale for favorable terms, positioning CYBRO as a promising contender in the current market.

#altcoins #NOT🔥🔥🔥 #Priceanalysis #priceprediction

👀XRP Price Recovers Past 100 SMA: Bullish Indicators Ahead?

📉 XRP Price Shows Signs of Recovery
XRP experienced losses below $0.4650 but found support near $0.4600, initiating a recent recovery wave similar to Ethereum. Bulls managed to break above key resistance levels at $0.4680 and $0.4720, and even surpassed the $0.5000 zone. A high of $0.5049 was reached before the price started correcting lower.

📈 Current Price Levels and Resistance Zones
Currently, XRP is trading above $0.4850 and the 100-hourly Simple Moving Average. Resistance is anticipated near $0.4950, with a pivotal level at $0.4980. Further up, significant resistance lies around $0.5050, and a close above this could propel XRP towards $0.5250 and potentially $0.5320. Continued momentum might lead to a test of the $0.5500 resistance.

📉 Potential Downside and Support Levels
Failure to surpass the $0.4980 resistance may prompt a downside movement. Initial support is near $0.4850 and the 100-hourly SMA. Further down, a major support level awaits at $0.4720. A break below this could trigger bearish momentum towards the $0.460 support in the near term.

📊 Technical Indicators
The hourly MACD for XRP/USD is showing bullish momentum, while the hourly RSI is above the 50 level, indicating positive price action.

Summary:
XRP's recent recovery above key resistance levels suggests bullish potential, with resistance zones identified at $0.4980, $0.5050, and higher. Support levels are seen at $0.4850 and $0.4720, with technical indicators favoring further upside.

#Priceanalysis #priceprediction

💥Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate?

📉 Polkadot (DOT) Faces Technical Challenges
Polkadot is grappling with bearish technical indicators as it dips below the Ichimoku Cloud, indicating a clear downtrend. Both the conversion line and baseline hover above the current price, exacerbating negative sentiment. The token struggles to breach the stubborn $7 resistance, recently slipping to $6.16, causing concern among investors.

📊 Oversold Conditions and Potential Bounce
Despite the downtrend, Polkadot finds solace near the lower Bollinger Band, hinting at oversold conditions. This could spark a short-term bounce if buying pressure increases. Attention is focused on the $6.20 consolidation zone as a pivotal support level. Holding here might pave the way for a bullish reversal, targeting resistance at $6.30.

📈 Analyst's Bullish Perspective Amidst Bearish Market
Amidst the bleak sentiment, analyst Michaël van de Poppe remains optimistic. He sees DOT's descent to critical support as an opportunity to accumulate at a discount. Van de Poppe highlights the growing interest in Real World Assets (RWAs) and the expanding Polkadot ecosystem as catalysts for potential growth. He identifies key support at $5.67-$6.11 and outlines resistance levels at $9.30 and $17.00 for a bullish breakout scenario.

#priceprediction #Priceanalysis

💥PEPE Price Analysis: Can Pepe Reclaim Record Highs As Buy Signal Emerges?

🚀 PEPE Price Boosted by SEC Chair's Hint
Over the weekend, Pepe coin received a price boost following hints from SEC Chair about potential approval for spot Ethereum ETF S-1s by summer's end. PEPE traded around $0.0000118 on Monday, marking a 1.4% increase in 24 hours. This revival may embolden PEPE bulls to rally toward previous all-time highs.

📈 PEPE Breaks Out of Ascending Triangle
PEPE's price broke out of an ascending triangle on May 21, reaching a new all-time high before profit-taking pulled it back to $0.00001057. Recently, it found support at a critical resistance-turned-support level, reinforced by a bullish falling wedge pattern. The current level aligns with the 0.786 Fibonacci retracement, typically a strong support.

🔍 Future Outlook for PEPE Price
Gary Gensler's remarks on Ethereum ETFs have spurred optimism among PEPE investors, aligning with historical trends where PEPE price movements mirrored Ethereum's. Santiment data indicates a rise in PEPE holders, with smaller investors potentially reshaping supply dynamics. As Ethereum-related optimism grows, PEPE could see sustained momentum, potentially crucial for its long-term price performance.

#Priceanalysis #priceprediction #pepe⚡

🚀Bitcoin Notes Major Buying Pressure Despite Dip To $66K, Analyst Hints Recovery

📉 BTC Registers Significant Buying Pressure
The Bitcoin (BTC) price recently fluctuated, briefly dropping to $65,000 before rebounding above $66,000. Despite this volatility, market sentiment remains optimistic due to increased buying pressure, notably on platforms like Huobi Global. BTC is holding above a crucial support level, hinting at a potential recovery.

📈 Ali Martinez Highlights Surge in Buying Activity
Crypto analyst Ali Martinez noted a significant surge in buying activity on Huobi Global. Martinez highlighted, “Someone is buying the Bitcoin dip! The BTC Taker Buy Sell Ratio on Huobi Global surged to 545!” This spike in buy pressure indicates bullish sentiment, suggesting a potential upward movement in BTC price.

🌐 Macro Factors and Market Context
Michaël van de Poppe provided insight into recent market movements, noting favorable macroeconomic data in traditional markets like gold and USD. Despite this, recent downturns in the crypto markets have persisted. Economic indicators such as CPI data have been closely watched, influencing market sentiment towards risk-on assets like cryptocurrencies.

💼 Federal Reserve and Market Impact
The Federal Reserve's recent actions and statements, including Chair Jerome Powell’s speech, have also impacted market expectations. Powell’s comments tempered expectations for imminent rate cuts despite positive economic indicators suggesting potential future positivity.

💡 Potential BTC Price Recovery
Despite market turbulence, signs of potential recovery are evident. Martinez emphasized the importance of Bitcoin maintaining above $66,254 to avoid deeper corrections. Additionally, CryptoCon highlighted the 20-week EMA as a critical support level to watch, suggesting cautious optimism amidst ongoing market dynamics.

In conclusion, while Bitcoin faces fluctuations and external economic influences, the current market sentiment leans towards potential stabilization and recovery.

🔥$60k or $80K; Where Bitcoin Price Heading by June End?

📉 Bitcoin Price Faces Downturn Amidst Miner and Whale Sell-Offs

For over a week, Bitcoin has experienced aggressive selling pressure, dropping from $71,947 to $66,197, marking an 8.3% pullback. This decline was influenced by pre-CPI data uncertainty, significant outflows from BTC ETFs, whale distribution, and Bitcoin miners’ capitulation. The price broke key support levels, signaling a continuation of the downtrend.

📊 Bitcoin Trading in a Bearish Reversal Pattern
Bitcoin has been consolidating within two parallel trendlines for the past three months, forming a bullish flag pattern—a setup typically seen during strong uptrends to stabilize price action before a higher rally. However, on June 7th, BTC faced a bearish reversal from the upper trendline, indicating potential prolonged consolidation. This downturn led Bitcoin to a 4-week low of $64,936, with the market cap dropping to $1.28 trillion.

💰 Impact of Miner and Whale Activities
Crypto trader Alicharts highlighted that Bitcoin miners sold over 1,200 BTC worth $79.20 million recently, contributing to the price correction. Data from CryptoQuant showed a notable increase in miner selling starting June 10, 2024, correlating with Bitcoin's price decline post-halving adjustments.

Meanwhile, Bitcoin whales liquidated over 50,000 BTC in the past 10 days, totaling about $3.30 billion, further driving the price downward.

📉 Technical Outlook and Support Levels
Sellers breached the combined support of $66,588 and the 50-day EMA slope, suggesting potential further decline. If the breakdown continues, Bitcoin could test as low as $57,000 by the end of June, seeking support from the lower trendline of the flag pattern. Buyers need a breakout above the flag pattern to regain control, potentially triggering a rally towards $90,000.
In summary, Bitcoin faces challenges from miner and whale activities amidst broader market uncertainties, prompting caution among investors and traders alike.

#BTC☀ #Priceanalysis #priceprediction

💥dogwifhat Price Analysis: WIF Inside the Coiling Pattern May Push 42% Upswing

📊 Dogwifhat Price Analysis
The cryptocurrency market has seen diminished volatility over the weekend, aiming for stability after a recent downturn. Bitcoin has managed to stay above $65,000 without clear signs of a reversal. However, Solana-based memecoin Dogwifhat has gained 5%, surpassing the $2.5 mark. Will this upward trend continue?

📈 Will Dogwifhat Hold $2 Amid Prolonged Market Consolidation?

Dogwifhat has been trading sideways for the past two weeks, bouncing between two converging trendlines. This has formed a symmetrical triangle pattern on the daily chart.

Recent Downturn: Dogwifhat's price fell from $4.08 to $2.2, a 45.85% decline, driven by selling pressure partly due to Bitcoin miners' capitulation.

Potential Upward Movement: Trader Alicharts pointed out that Bitcoin's average mining cost is $86,668. Historically, Bitcoin's price tends to rise above this cost, indicating a potential bullish trend.

With Bitcoin stabilizing above $65,000, Dogwifhat rebounded from the $2.2 support and the triangle’s lower trendline. This resulted in a 9% jump in 48 hours, pushing the price to $2.5. If the pattern holds, Dogwifhat could challenge the triangle’s upper boundary at $3.5, a potential 42% gain. However, the sideways action will persist until the triangle pattern breaks.

📉 Technical Indicators:
EMAs: A bearish crossover between the 50-and-100-day Exponential Moving Averages could accelerate selling momentum and extend consolidation above lower support before a bullish bounce.Vortex Indicator: A notable bearish crossover between VI+ (Blue) and VI- (Pink) indicates that bears still have control over the asset.

In summary, while Dogwifhat shows signs of a potential upward trend, the sideways action and technical indicators suggest that the market could remain cautious. Investors should watch for a break in the triangle pattern for clearer signals.
#Priceanalysis #wifhatdog

👇3 Reasons Why Bitcoin (BTC) May Retest $70,000 This Week

📈 Bitcoin Mild Resurgence
Bitcoin (BTC) is showing a mild resurgence, rising 0.51% in the past 24 hours to $66,600.62. While this uptick does not confirm a sustained trend shift, it might indicate the start of a price rebound.

🔍 Top 3 Bitcoin Price Rebound Catalysts
Bitcoin has been in a bearish trend since reaching its All-Time High (ATH) of $73,750.07 in March, maintaining a tight range with balanced bull-bear action. Three key factors are crucial for a potential trend shift:

Retail and Whale Transactions:
Trading Volume: Current trading volume is $12,812,056,073, down by 46.85%. For Bitcoin to retest the $70,000 resistance, this volume needs to increase.Large Transactions: Dropped by 35.45% to $30.39 billion, indicating a decrease in significant capital flow.

Social Sentiment:
Social sentiment around BTC gauges interest levels. Currently, it plays a critical role in understanding market enthusiasm and potential price movements.

Spot Bitcoin ETF Impact:
The influence of spot Bitcoin ETFs is significant. Recent outflows, particularly from Grayscale Investments' GBTC, have impacted the market. A shift in this trend could drive Bitcoin back to higher price points.

🚀 How High Can Bitcoin Soar?
With Bitcoin about 9.7% below its previous ATH, the expectation is a potential rise above this level soon.

Analysts have varying projections:
PlanB (S2F Model): Predicts BTC could reach $500,000 by 2025.Robert Kiyosaki ("Rich Dad Poor Dad" Author): Foresees BTC soaring to $350,000 by August.

📊 Short-Term Outlook
Bitcoin might retest the $70,000 mark in the coming days, driven by the factors above. Analysts remain optimistic, anticipating a potential rebound and new highs in the near future.