7 Altcoins To Dodge In Next Week’s Trades
-PEPE Coin (PEPE)
Growth Potential Amid Market Downturn
Despite a recent 14.78% decline, PEPE shows resilience by bouncing back from the 50D EMA support. This indicates a potential bullish turnaround, with an upside target of $0.00002198 in June.
---
Dogwifhat (WIF)
Buy Opportunity at Support Levels
Dogwifhat offers a buy opportunity following an 11.58% drop. The altcoin maintains an ascending trendline support, suggesting a potential recovery to $4.75 as it continues its uptrend.
---
Singularity.NET (AGIX)
AI Token with Rebound Potential
AGIX, an AI token, has faced a 14.52% decline but holds strong at the 200D EMA support. The rejection at lower levels hints at a rebound, aiming for the $1 mark, supported by a 23.60% Fibonacci retracement.
---
Ocean Network (OCEAN)
Poised for a Breakout
OCEAN, currently forming a declining triangle, tests the 200D EMA after a 9.67% drop. A bullish reversal could lead to a breakout, pushing the price toward the $1.40 mark.
---
Notcoin (NOT)
Ready for New Highs
Telegram’s meme coin, Notcoin, finds support above the 50D EMA after dipping below $0.020. A rebound suggests potential growth to $0.050, leveraging a strong uptrend and 1.618 Fibonacci level.
---
Aptos (APT)
Facing Increased Supply
Aptos will unlock 11.31 million APT tokens, worth $96.36 million, on June 12, accounting for 2.58% of its supply. This could increase selling pressure as the market absorbs the additional tokens.
---
Starknet (STRK)
Significant Unlock Ahead
Starknet is set to unlock 64 million STRK tokens, valued at $76.16 million, on June 15, representing 4.92% of its supply. This could lead to further price declines as new tokens enter the market.
---
Immutable (IMX)
Preparing for Token Release
Immutable will unlock 25.53 million IMX tokens worth $53.36 million on June 14, which is 1.72% of its supply. This may lead to a price drop as the market adjusts to the new supply.
---
CYBER
dydx (DYDX)
Moonbeam (GLMR)
1inch (1INCH)