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The Buzzing Bee
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5 Altcoins You Should Keep an Eye on in June 2023 #Injective is in the process of breaking out from a descending resistance line. Aptos and Sun could soon break out from long term resistance lines. #Maker and #Quant have already broken out. #nfa

5 Altcoins You Should Keep an Eye on in June 2023

#Injective is in the process of breaking out from a descending resistance line. Aptos and Sun could soon break out from long term resistance lines. #Maker and #Quant have already broken out.

#nfa

Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Se användarvillkor.
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🌟 Former SEC Lawyer Confirms No Plan to Kill Crypto Ladan Stewart, ex-SEC lawyer, refutes any systematic plans to undermine the crypto industry, focusing on the importance of compliance and investor protection to ensure a stable and beneficial integration of blockchain technology into the financial system.
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SHIB/USDT formed a falling wedge on daily timeframe Bull if breaks out
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ARUSDT TA 💥 The price of AR continues to move in the channel of an ascending flag formed in the daily time frame. The support level of $29.0-$33.4 was finally broken and the price moves towards the bottom of the channel. Therefore, according to the downward trend of the market, the first target is $21.6
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💥🚨 Recent data highlights a significant downturn in the open interest of major cryptocurrencies such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP). With a combined drop of 51%, these altcoins spark debate over the implications for their future market positions. Open Interest Declines Across the Crypto Market Open interest, a crucial indicator of market sentiment and liquidity, reflects the total value of outstanding futures contracts yet settled. For cryptocurrencies, these metrics provide insights into investor behavior and market dynamics. Dogecoin led the recent decline, with its open interest plummeting by 64% to $668.2 million since the start of April. Solana and XRP also witnessed considerable reductions, decreasing by 47% to $1.51 billion and 44% to $497.67 million, respectively. Solana’s situation reveals similar challenges. Apart from its falling open interest, the network saw a drastic 95% decrease in its monthly transaction volume, falling to $7.32 trillion in April from much higher levels in March. The declining network activity and bearish technical patterns suggest that Solana may struggle to regain its previous highs. XRP’s open interest scenario is slightly different, given the recent whale activity involving the transfer of 29 million XRP tokens from Bitstamp to an undisclosed wallet. While such movements have historically been precursors to price surges, reliance on a single event for market prediction is precarious.
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💥 After reaching the price of $0.228, Dogecoin started to correct price and it has decreased by more than 40%, but it is still moving above the support level of $0.112-$0.123, so this level is still valid and can support the price again.
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