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Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence. Breaking through this key resistance could act as a catalyst for a major rally, potentially pushing BTC to new heights. Traders and market analysts are closely monitoring this level, as a successful breach could signal a strong bullish phase and attract increased trading activity, further driving up the price. This article aims to provide an in-depth analysis of Bitcoin’s current price movement as it nears the significant resistance level of $64,515. It seeks to explore the potential market implications of breaking through this key threshold, including the likelihood of igniting a substantial rally. Furthermore, it examines technical indicators, market sentiment, and historical data to offer readers a comprehensive understanding of what this resistance level means for Bitcoin’s long and short-term price trajectory. With a market capitalization of more than $1.2 trillion and a trading volume of more than $21 billion as of the time of writing, the price of Bitcoin is currently down by 3.26%, trading at around $63,300 in the last 24 hours. BTC market cap and trading volume are currently up by 3.03% and 77.17% respectively. 🔸 Current Market Overview Of Bitcoin Upward Trend Currently, on the 4-hour chart, the price of BTC is on a bullish rise and attempting a cross above the 100-day Simple Moving Average (SMA) with strong bullish momentum. Also, it can be noticed that the crypto asset has broken above the 4-hour bearish trend line. The formation of the 4-hour Composite Trend Oscillator also signals bullishness for Bitcoin as both the signal line and the SMA of the indicator are attempting to cross above the zero line. #BitcoinTherapist
Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence.
Breaking through this key resistance could act as a catalyst for a major rally, potentially pushing BTC to new heights. Traders and market analysts are closely monitoring this level, as a successful breach could signal a strong bullish phase and attract increased trading activity, further driving up the price.
This article aims to provide an in-depth analysis of Bitcoin’s current price movement as it nears the significant resistance level of $64,515. It seeks to explore the potential market implications of breaking through this key threshold, including the likelihood of igniting a substantial rally.
Furthermore, it examines technical indicators, market sentiment, and historical data to offer readers a comprehensive understanding of what this resistance level means for Bitcoin’s long and short-term price trajectory.
With a market capitalization of more than $1.2 trillion and a trading volume of more than $21 billion as of the time of writing, the price of Bitcoin is currently down by 3.26%, trading at around $63,300 in the last 24 hours. BTC market cap and trading volume are currently up by 3.03% and 77.17% respectively.
🔸 Current Market Overview Of Bitcoin Upward Trend
Currently, on the 4-hour chart, the price of BTC is on a bullish rise and attempting a cross above the 100-day Simple Moving Average (SMA) with strong bullish momentum. Also, it can be noticed that the crypto asset has broken above the 4-hour bearish trend line.
The formation of the 4-hour Composite Trend Oscillator also signals bullishness for Bitcoin as both the signal line and the SMA of the indicator are attempting to cross above the zero line.
#BitcoinTherapist
Exciting times for $BONK ! The token has successfully broken through its resistance and is now priced at 0.00002493. This upward momentum has sparked optimism among traders and investors. Will $BONK maintain this bullish trajectory? The market is abuzz with speculation as to how far this rally could go. With solid fundamentals and growing interest, $BONK might just be on the verge of a major breakout. What are your thoughts on this rising star
Exciting times for $BONK !
The token has successfully broken through its resistance and is now priced at 0.00002493. This upward momentum has sparked optimism among traders and investors. Will $BONK maintain this bullish trajectory? The market is abuzz with speculation as to how far this rally could go. With solid fundamentals and growing interest, $BONK might just be on the verge of a major breakout.
What are your thoughts on this rising star
Breaking This Resistance Could Cause XRP Price to Rise XRP is trying to break $0.4750 barrier. If price breaks $0.480 barrier, upward momentum may develop. XRP is currently battling to break $0.4800 barrier. The price is above $0.4750 and the 100-hour SMA. XRP/USD broke above a contracting triangle with resistance at $0.4735 on the hourly chart. Bullish momentum may result from a closure above $0.480 barrier. Another XRP Recovery XRP price has been holding over $0.4620 and began rising like Bitcoin and Ethereum. Bulls pushed the price over $0.470 into a short-term positive zone. XRP/USD broke above a contracting triangle with resistance at $0.4735 on the hourly chart. The pair broke the $0.4750 resistance zone and 100-hourly SMA. After hitting $0.4796, the price is consolidating losses. The price is challenging the 23.6% Fib retracement of the gain from $0.4694 swing low to $0.4796 high. It's above $0.4750 and the 100-hour SMA. The price faces upward resistance at $0.4790. Near $0.4800 is the first big resistance. Near $0.4825 is the major obstacle. A clean break above $0.4825 might push the market above $0.4880. Near $0.5050 is the next significant resistance. Close over $0.5050 barrier might push price toward $0.5250. More advances might push price toward $0.5320 barrier. XRP may fall again if it fails to break $0.480. Initial downside support is approaching $0.4745 and the 50% Fib retracement level of the bullish advance from $0.4694 swing low to $0.4796 high. The 100-hourly Simple Moving Average and $0.4730 provide next significant support. If the price breaks down and closes below $0.4730, it may fall further. The price might go below $0.4640 in the short term.
Breaking This Resistance Could Cause XRP Price to Rise
XRP is trying to break $0.4750 barrier. If price breaks $0.480 barrier, upward momentum may develop.
XRP is currently battling to break $0.4800 barrier.
The price is above $0.4750 and the 100-hour SMA.
XRP/USD broke above a contracting triangle with resistance at $0.4735 on the hourly chart.
Bullish momentum may result from a closure above $0.480 barrier.
Another XRP Recovery
XRP price has been holding over $0.4620 and began rising like Bitcoin and Ethereum. Bulls pushed the price over $0.470 into a short-term positive zone.
XRP/USD broke above a contracting triangle with resistance at $0.4735 on the hourly chart. The pair broke the $0.4750 resistance zone and 100-hourly SMA. After hitting $0.4796, the price is consolidating losses.
The price is challenging the 23.6% Fib retracement of the gain from $0.4694 swing low to $0.4796 high. It's above $0.4750 and the 100-hour SMA.
The price faces upward resistance at $0.4790. Near $0.4800 is the first big resistance. Near $0.4825 is the major obstacle. A clean break above $0.4825 might push the market above $0.4880.
Near $0.5050 is the next significant resistance. Close over $0.5050 barrier might push price toward $0.5250. More advances might push price toward $0.5320 barrier.
XRP may fall again if it fails to break $0.480. Initial downside support is approaching $0.4745 and the 50% Fib retracement level of the bullish advance from $0.4694 swing low to $0.4796 high.
The 100-hourly Simple Moving Average and $0.4730 provide next significant support. If the price breaks down and closes below $0.4730, it may fall further. The price might go below $0.4640 in the short term.
Pepe Coin (PEPE/USDT) is gaining notice after $300 million was absorbed at a key support level overnight. Investors expect a comeback after a drop. At $0.0000113, the coin's market cap is $4.7 billion. The Pepe price forecast suggests a market stabilization price rise due to technical signs indicating oversold conditions. VanEck's Mystery Post Boosts Pepe Coin Amid Market Volatility VanEck's curious frog meme on X (previously Twitter) showed a frog leading a board meeting with other animals, which boosted Pepe Coin's price. The message, labeled “Important topics were discussed at the board meeting,” fueled cryptocurrency speculation. However, social media chatter helped the currency recover and rise 11% in a week. Rapid Recovery: Pepe Coin rose 11% on social media excitement after a slump. Following its Ether ETF proposal, VanEck filed for a Solana ETF and became the first U.S. business to offer another cryptocurrency ETF. VanEck's entertaining article has improved morale in the Pepe meme community, signaling sustained interest and investment in the currency. A Pepe currency ETF seems doubtful. Pepe Price Prediction Popular memecoin Pepe (PEPE/USDT) is on the decline. Sunday's price was $0.0000113. Despite an almost 4.50% drop in 24 hours, the coin's market worth is $4.7 billion. While prices are falling, an upward trendline provides support about $0.00001085. This shows that the dip may be brief and a resurgence imminent. Technical signs are also hopeful. The coin's RSI is 40, indicating oversold, which frequently predicts a price gain. However, the 50-day Exponential Moving Average (EMA) of $0.0000118 may limit short-term gains. These important levels are being watched for buying possibilities, with a stop-loss order below $0.0000104. Based on its technical view, Pepe may rebound soon if it breaks the 50-day EMA.#IntroToCopytrading #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
Pepe Coin (PEPE/USDT) is gaining notice after $300 million was absorbed at a key support level overnight. Investors expect a comeback after a drop.
At $0.0000113, the coin's market cap is $4.7 billion. The Pepe price forecast suggests a market stabilization price rise due to technical signs indicating oversold conditions.
VanEck's Mystery Post Boosts Pepe Coin Amid Market Volatility
VanEck's curious frog meme on X (previously Twitter) showed a frog leading a board meeting with other animals, which boosted Pepe Coin's price.
The message, labeled “Important topics were discussed at the board meeting,” fueled cryptocurrency speculation. However, social media chatter helped the currency recover and rise 11% in a week.
Rapid Recovery: Pepe Coin rose 11% on social media excitement after a slump.
Following its Ether ETF proposal, VanEck filed for a Solana ETF and became the first U.S. business to offer another cryptocurrency ETF.
VanEck's entertaining article has improved morale in the Pepe meme community, signaling sustained interest and investment in the currency. A Pepe currency ETF seems doubtful.
Pepe Price Prediction
Popular memecoin Pepe (PEPE/USDT) is on the decline. Sunday's price was $0.0000113. Despite an almost 4.50% drop in 24 hours, the coin's market worth is $4.7 billion.
While prices are falling, an upward trendline provides support about $0.00001085. This shows that the dip may be brief and a resurgence imminent. Technical signs are also hopeful.
The coin's RSI is 40, indicating oversold, which frequently predicts a price gain.
However, the 50-day Exponential Moving Average (EMA) of $0.0000118 may limit short-term gains.
These important levels are being watched for buying possibilities, with a stop-loss order below $0.0000104. Based on its technical view, Pepe may rebound soon if it breaks the 50-day EMA.#IntroToCopytrading #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
The green rectangular shape line is a great support for it. once it bounced from there and second time we saw 600% Rally. But the problem will be liquidity and trend. Worldcoin need AI Trend again to perform strong against the market.
The green rectangular shape line is a great support for it. once it bounced from there and second time we saw 600% Rally.
But the problem will be liquidity and trend. Worldcoin need AI Trend again to perform strong against the market.
Michaël van de Poppe, one of the most influential analysts of the cryptocurrency market, talked about Bitcoin and the general cryptocurrency market in his statement. According to the analyst, the total market cap chart excluding Bitcoin is actually performing well. Therefore, the analyst claims that the consolidation in question is an expected event, after which an upward bounce scenario is possible. Speaking about Bitcoin dominance, van de Poppe said that dominance may have seen its peak. In this context, the analyst believes that Ethereum ETF approvals will allow the altcoins' momentum to continue as a rotation trigger. According to the analyst, a divergence in favor of the bear was observed in BTC's dominance chart. In addition, the analyst thinks that the actual mining hash rate of the Bitcoin network has decreased. Miners are approaching the capitulation zone in a manner similar to that caused by the FTX crash. According to the analyst, the decline of miners is occurring at a pace similar to the FTX collapse period. Van de Poppe therefore argues that it is only a matter of time before the cryptocurrency market makes a comeback. In addition, the analyst, who also examined BTC's weekly candlestick chart, said that he thought the correction movement was relatively over. 🔺 Also Read: [LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders](https://www.binance.com/en/square/post/10083484804049)#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading
Michaël van de Poppe, one of the most influential analysts of the cryptocurrency market, talked about Bitcoin and the general cryptocurrency market in his statement.
According to the analyst, the total market cap chart excluding Bitcoin is actually performing well. Therefore, the analyst claims that the consolidation in question is an expected event, after which an upward bounce scenario is possible.
Speaking about Bitcoin dominance, van de Poppe said that dominance may have seen its peak. In this context, the analyst believes that Ethereum ETF approvals will allow the altcoins' momentum to continue as a rotation trigger.
According to the analyst, a divergence in favor of the bear was observed in BTC's dominance chart.
In addition, the analyst thinks that the actual mining hash rate of the Bitcoin network has decreased. Miners are approaching the capitulation zone in a manner similar to that caused by the FTX crash. According to the analyst, the decline of miners is occurring at a pace similar to the FTX collapse period.
Van de Poppe therefore argues that it is only a matter of time before the cryptocurrency market makes a comeback.
In addition, the analyst, who also examined BTC's weekly candlestick chart, said that he thought the correction movement was relatively over.
🔺 Also Read: [LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders](https://www.binance.com/en/square/post/10083484804049)#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading
Can $SHIB Do this in the bull cycle?👀👇
Can $SHIB Do this in the bull cycle?👀👇
continues to shape a large symmetrical triangle on the weekly chart💁‍♂️ Price is currently bouncing from the lower support and the MA 100🧐 A breakout could see $XRP revisit the $0.75 and $1.00 levels📈 #US_Inflation_Easing_Alert
continues to shape a large symmetrical triangle on the weekly chart💁‍♂️
Price is currently bouncing from the lower support and the MA 100🧐
A breakout could see $XRP revisit the $0.75 and $1.00 levels📈
#US_Inflation_Easing_Alert
According to data provided by DefiLlama, Solana has managed to destroy Ethereum in daily DEX trading volume ($1.148 billion and $745 million, respectively). Solana-based Raydium, Meteora, Orca, Phoenix and Lifinity are among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap, of course, remain in the lead. As noted by Patrick Scott, the founder of Dynamo DeFi, Solana's DEX volume dominance is also on the rise. In fact, it is on track to surpass the 25% level for the first time this June. Overall, DEX volume has hit $26 billion over the past seven days, according to data provided by Dune Analytics. Earlier this year, trading on Solana-based DEXex spiked due to the growing popularity of meme coins. 🔸 SOL summer? This comes as the "Ethereum killer" is benefiting from increasing ETF buzz. As reported by U.Today, New York-based investment firm VanEck filed to launch an ETF for Solana on Thursday; 21Shares followed suit with its own filing for the red-hot altcoin on Friday. However, those who expect this ETF to see the light in the near future should cool their jets. According to leading analysts in the field, the product is now expected to be approved this year. After initially seeing a sharp price spike due to the ETF hype, the SOL price is currently in the red, slipping by 0.2% over the past two weeks. The popular altcoin is currently valued at $65.2 billion, according to data provided by CoinGecko. This puts it in the fifth place by market capitalization (behind only Bitcoin, Ethereum, Tether and BNB).#ETH_ETFs_Approval_Predictions #EHTURUM
According to data provided by DefiLlama, Solana has managed to destroy Ethereum in daily DEX trading volume ($1.148 billion and $745 million, respectively).
Solana-based Raydium, Meteora, Orca, Phoenix and Lifinity are among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap, of course, remain in the lead.
As noted by Patrick Scott, the founder of Dynamo DeFi, Solana's DEX volume dominance is also on the rise. In fact, it is on track to surpass the 25% level for the first time this June.
Overall, DEX volume has hit $26 billion over the past seven days, according to data provided by Dune Analytics.
Earlier this year, trading on Solana-based DEXex spiked due to the growing popularity of meme coins.
🔸 SOL summer?
This comes as the "Ethereum killer" is benefiting from increasing ETF buzz. As reported by U.Today, New York-based investment firm VanEck filed to launch an ETF for Solana on Thursday; 21Shares followed suit with its own filing for the red-hot altcoin on Friday.
However, those who expect this ETF to see the light in the near future should cool their jets. According to leading analysts in the field, the product is now expected to be approved this year.
After initially seeing a sharp price spike due to the ETF hype, the SOL price is currently in the red, slipping by 0.2% over the past two weeks.
The popular altcoin is currently valued at $65.2 billion, according to data provided by CoinGecko. This puts it in the fifth place by market capitalization (behind only Bitcoin, Ethereum, Tether and BNB).#ETH_ETFs_Approval_Predictions #EHTURUM
Bitcoin miners have capitulated to levels similar to December 2022, according to a recent X post by CryptoQuant chief of research Julio Moreno. Following FTX's demise in December 2022, the preceding cycle likewise hit rock bottom around that time. A low point for the cryptocurrency sector was reached when the Sam Bankman-Fried-led exchange collapsed, leading to widespread fear and sell-offs. The massive selling pressure ultimately led to Bitcoin's precipitous price drop. A 7.6% drop in the Network True Hashrate was a hallmark of the Bitcoin miners' surrender at that moment. Network True Hashrate Drawdown is now at -7.6% as per Julio Moreno's article on X. Miners' difficulties to sustain operations in a tight financial position are reflected in the Network True Hashrate Drawdown measure, which analyzes the decline in computing power committed to Bitcoin mining. Several possible effects on the price of Bitcoin might result from the accompanying miner surrender and the drastic drop in the Network True Hashrate. Because of this, selling pressure on Bitcoin may rise if miners decide to unload their holdings, as has happened in recent weeks. The result may be a precipitous decline in the value of Bitcoin as a result of this. Historical market recoveries have been preceded by times of substantial miner surrender. In addition, the article notes that in December 2022, when the Network True Hashrate Drawdown was at its lowest point, the Bitcoin market hit cycle bottom. Based on this, it seems like Bitcoin could be ready for a price recovery shortly.
Bitcoin miners have capitulated to levels similar to December 2022, according to a recent X post by CryptoQuant chief of research Julio Moreno. Following FTX's demise in December 2022, the preceding cycle likewise hit rock bottom around that time.
A low point for the cryptocurrency sector was reached when the Sam Bankman-Fried-led exchange collapsed, leading to widespread fear and sell-offs. The massive selling pressure ultimately led to Bitcoin's precipitous price drop.
A 7.6% drop in the Network True Hashrate was a hallmark of the Bitcoin miners' surrender at that moment. Network True Hashrate Drawdown is now at -7.6% as per Julio Moreno's article on X.
Miners' difficulties to sustain operations in a tight financial position are reflected in the Network True Hashrate Drawdown measure, which analyzes the decline in computing power committed to Bitcoin mining. Several possible effects on the price of Bitcoin might result from the accompanying miner surrender and the drastic drop in the Network True Hashrate.
Because of this, selling pressure on Bitcoin may rise if miners decide to unload their holdings, as has happened in recent weeks. The result may be a precipitous decline in the value of Bitcoin as a result of this.
Historical market recoveries have been preceded by times of substantial miner surrender. In addition, the article notes that in December 2022, when the Network True Hashrate Drawdown was at its lowest point, the Bitcoin market hit cycle bottom. Based on this, it seems like Bitcoin could be ready for a price recovery shortly.
The Level That the Bitcoin Price Needs to Hold in Order to Bounce at the Beginning of July, According to a Bullish Analyst In its statement, Rekt Capital, which is one of the most well-known cryptocurrency experts, discussed the set of circumstances that must occur in order for the price of Bitcoin (BTC) to increase. The expert believes that a bull scenario may take place if Bitcoin were to demonstrate stability at its present values, as it has been doing over the course of the previous several days. It is possible that a surge that has the potential to break the negative trend will take place during the first week of July, as stated by Rekt Capital, provided that the price of Bitcoin is able to maintain its current level. However, the expert believes that in order for this bull scenario to materialize, the price of Bitcoin must remain stable around the $60,600 mark. As this post is being written, the price of Bitcoin is now trading at $61,419 per unit. There was a decrease of 4.63% during the course of the previous week, and at its lowest point, the price returned to the level of $60,600 that was indicated by Rekt Capital. The price of Bitcoin, on the other hand, had a significant price rise after reaching the aforementioned level, which led to its present position.#ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS
The Level That the Bitcoin Price Needs to Hold in Order to Bounce at the Beginning of July, According to a Bullish Analyst
In its statement, Rekt Capital, which is one of the most well-known cryptocurrency experts, discussed the set of circumstances that must occur in order for the price of Bitcoin (BTC) to increase.
The expert believes that a bull scenario may take place if Bitcoin were to demonstrate stability at its present values, as it has been doing over the course of the previous several days. It is possible that a surge that has the potential to break the negative trend will take place during the first week of July, as stated by Rekt Capital, provided that the price of Bitcoin is able to maintain its current level.
However, the expert believes that in order for this bull scenario to materialize, the price of Bitcoin must remain stable around the $60,600 mark.
As this post is being written, the price of Bitcoin is now trading at $61,419 per unit. There was a decrease of 4.63% during the course of the previous week, and at its lowest point, the price returned to the level of $60,600 that was indicated by Rekt Capital.
The price of Bitcoin, on the other hand, had a significant price rise after reaching the aforementioned level, which led to its present position.#ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS
$HNT is encountering resistance, inching toward the next crucial 3$ support amidst ongoing bearish sentiment. Anticipate a reversal, potentially positioning Helium to lead alongside $BTC in the upcoming bull rally. There's been a 680% profit gain on it in previous instances. #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
$HNT is encountering resistance, inching toward the next crucial 3$ support amidst ongoing bearish sentiment. Anticipate a reversal, potentially positioning Helium to lead alongside $BTC in the upcoming bull rally.
There's been a 680% profit gain on it in previous instances. #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments
Shiba Inu is currently underbought, as indicated by its low MVRV Z-Score reflecting significant undervaluation.Historically, such undervaluation periods often precede substantial price rallies as the asset’s value realigns with its inherent worth.Market sentiment and positive developments within the Shiba Inu ecosystem could trigger the anticipated price rebound for SHIB. Shiba Inu (SHIB) is currently identified as underbought, with its MVRV Z-Score reflecting significant undervaluation. Historically, such periods of undervaluation have often been precursors to notable rallies as prices realign with their inherent worth. Analysts recently highlighted Shiba Inu as a notable large-cap asset showing substantial undervaluation. A high MVRV Z-Score typically indicates that the market value exceeds the realized value, suggesting overvaluation. Conversely, a low MVRV Z-Score suggests undervaluation, meaning the asset trades below its inherent worth. 📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader returns, top caps are in the following categories: 🤑 Overbought: Toncoin, Bitcoin, Ethereum 😟 Underbought: Uniswap, Shiba Inu — Santiment Analysis indicates that SHIB is currently underbought, with the MVRV Z-Score showing undervaluation. This situation implies that, on average, traders holding SHIB are experiencing losses, which historically has been a sign of an upcoming price correction. At present, SHIB’s price has dipped by 1.23% over the past 24 hours, now standing at $0.000017. This decline reflects the broader market’s subdued activity, yet it also underscores the asset’s potential for recovery. The suggestion of undervaluation presents a potentially bullish outlook for Shiba Inu. Should this analysis prove accurate, SHIB could be poised for a significant price surge. However, it’s essential to remember that market sentiment significantly influences cryptocurrency prices.
Shiba Inu is currently underbought, as indicated by its low MVRV Z-Score reflecting significant undervaluation.Historically, such undervaluation periods often precede substantial price rallies as the asset’s value realigns with its inherent worth.Market sentiment and positive developments within the Shiba Inu ecosystem could trigger the anticipated price rebound for SHIB.
Shiba Inu (SHIB) is currently identified as underbought, with its MVRV Z-Score reflecting significant undervaluation. Historically, such periods of undervaluation have often been precursors to notable rallies as prices realign with their inherent worth.
Analysts recently highlighted Shiba Inu as a notable large-cap asset showing substantial undervaluation. A high MVRV Z-Score typically indicates that the market value exceeds the realized value, suggesting overvaluation. Conversely, a low MVRV Z-Score suggests undervaluation, meaning the asset trades below its inherent worth.
📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader returns, top caps are in the following categories:
🤑 Overbought: Toncoin, Bitcoin, Ethereum
😟 Underbought: Uniswap, Shiba Inu — Santiment
Analysis indicates that SHIB is currently underbought, with the MVRV Z-Score showing undervaluation. This situation implies that, on average, traders holding SHIB are experiencing losses, which historically has been a sign of an upcoming price correction. At present, SHIB’s price has dipped by 1.23% over the past 24 hours, now standing at $0.000017. This decline reflects the broader market’s subdued activity, yet it also underscores the asset’s potential for recovery.
The suggestion of undervaluation presents a potentially bullish outlook for Shiba Inu. Should this analysis prove accurate, SHIB could be poised for a significant price surge. However, it’s essential to remember that market sentiment significantly influences cryptocurrency prices.
Why Is Dogecoin And Shiba Inu Trading Sideways? Following the market fall, Dogecoin (DOGE) and Shiba Inu (SHIB), the top meme currencies, have shown no signs of life. Why Do Dogecoin And Shiba Inu Trade Sideways? Bitcoin may have hampered Dogecoin and Shiba Inu's price moves. The market intelligence website IntoTheBlock reports that Dogecoin and Shiba Inu's price correlation with Bitcoin is virtually ‘1’, which “implies a strong positive correlation” between their prices and Bitcoin. Dogecoin and Shiba Inu have followed Bitcoin's disappointing price trend. On-chain data also appear bleak for Dogecoin and Shiba Inu, another reason why the top joke currencies have kept prices low. IntoTheBlock data reveals that Dogecoin's net network growth is declining, implying that the humor currency isn't gaining new users. Dogecoin whales have been quiet, with few major transactions, indicating investors' trust in the mme currency may be low. Similar negative signs have plagued Shiba Inu's on-chain measures. The IntoTheBlock ‘Concentration’ statistic is negative, indicating that SHIB whales and investors are selling meme coins rather than buying more. After its recent market performance, Dogecoin and Shiba Inu fell in the crypto market cap list. CoinMarketCap displays Dogecoin as the ninth biggest crypto cryptocurrency by market cap, down from eighth. Better Days for DOGE, SHIB Dogecoin and Shiba Inu should rise significantly in the long term. Based on his meme currency supercycle theory, Crypto Kaleo projected DOGE might reach $2 on this bull run. Interestingly, the expert noticed that Dogecoin has traded flat for much of its history but always makes huge gains when it pumps. He cited meme coin price rises of 6,000% and 30,000%.#doge⚡ {spot}(DOGEUSDT) {spot}(SHIBUSDT)
Why Is Dogecoin And Shiba Inu Trading Sideways?
Following the market fall, Dogecoin (DOGE) and Shiba Inu (SHIB), the top meme currencies, have shown no signs of life.
Why Do Dogecoin And Shiba Inu Trade Sideways?
Bitcoin may have hampered Dogecoin and Shiba Inu's price moves. The market intelligence website IntoTheBlock reports that Dogecoin and Shiba Inu's price correlation with Bitcoin is virtually ‘1’, which “implies a strong positive correlation” between their prices and Bitcoin.
Dogecoin and Shiba Inu have followed Bitcoin's disappointing price trend. On-chain data also appear bleak for Dogecoin and Shiba Inu, another reason why the top joke currencies have kept prices low.
IntoTheBlock data reveals that Dogecoin's net network growth is declining, implying that the humor currency isn't gaining new users. Dogecoin whales have been quiet, with few major transactions, indicating investors' trust in the mme currency may be low.
Similar negative signs have plagued Shiba Inu's on-chain measures. The IntoTheBlock ‘Concentration’ statistic is negative, indicating that SHIB whales and investors are selling meme coins rather than buying more.
After its recent market performance, Dogecoin and Shiba Inu fell in the crypto market cap list. CoinMarketCap displays Dogecoin as the ninth biggest crypto cryptocurrency by market cap, down from eighth.
Better Days for DOGE, SHIB
Dogecoin and Shiba Inu should rise significantly in the long term. Based on his meme currency supercycle theory, Crypto Kaleo projected DOGE might reach $2 on this bull run.
Interestingly, the expert noticed that Dogecoin has traded flat for much of its history but always makes huge gains when it pumps. He cited meme coin price rises of 6,000% and 30,000%.#doge⚡
$BTRST is looking strong today. Presently, it has validated its support at 0.45$ and is rallying towards our next target of 0.87$ with significant volume. Expecting $BTC to stay bullish too. Hope the $ETH altcoins season comes soon. We've tracked 190% gains in the previous rally.
$BTRST is looking strong today. Presently, it has validated its support at 0.45$ and is rallying towards our next target of 0.87$ with significant volume. Expecting $BTC to stay bullish too. Hope the $ETH altcoins season comes soon.
We've tracked 190% gains in the previous rally.
is facing challenges at present, moving towards the next 2$ support level amidst prevailing bearish sentiment. Expectations of a reversal signal the potential for Jito to take charge alongside $BTC in the next bull rally. Across past scenarios, we've noted a 120% profit.
is facing challenges at present, moving towards the next 2$ support level amidst prevailing bearish sentiment. Expectations of a reversal signal the potential for Jito to take charge alongside $BTC in the next bull rally.
Across past scenarios, we've noted a 120% profit.
VanEck Head of Digital Assets believes recent evidence suggest a Bitcoin bull run is near. Matt Sigel of VanEck stated short-term holders' realized losses and Bitcoin volatility are positive for BTC in an interview. Coins in the top 30 by market capitalization are rebounding from this week's corrections. Bitcoin (BTC) and Ethereum (ETH), the two biggest assets by market size, held above crucial support levels early Friday. ETH/USDT trades at $3,438 on June 28, down 2% in a week, according TradingView. In the previous week, Spot Ethereum ETF prices failed to rise despite optimism. Reuter predicts Spot Ethereum ETF clearance by July 4. Three significant variables might boost Ethereum. XRP/USDT is at $0.4801, near $0.50 resistance. Ripple President Monica Long's remark early Friday moved the cryptocurrency despite no fresh developments in the US Securities and Exchange Commission (SEC) vs. Ripple litigation. Crypto token traders earned the most from meme-coins in Q2 2024, while Gaming Finance tokens performed poorest. The current price of Avalanche (AVAX) is $28.49. The MACD line crosses above the signal line and the green histogram bars above the neutral line, indicating bullishness. AVAX may reach $31 resistance after an 8.77% surge. The chart shows AVAX might find support at the Fair Value Gap between $26.66 and $27.66. A US government wallet account transferred 11.84 Bitcoin, worth $726,000, to another address late on Thursday, according to Asian journalist Colin Wu. This is probably a minor test before a big move. On Tuesday, VanEck Head of Digital Assets Matthew Sigel became positive after seeing capitulation indications such short-term holder losses. The statistic identifies BTC sellers that lose money. Bitcoin volatility also dropped at this time in the cycle. The CEO forecasts a Bitcoin bull run in his latest interview after metrics became optimistic.#BinanceTournament #MtGoxJulyRepayments #IntroToCopytrading
VanEck Head of Digital Assets believes recent evidence suggest a Bitcoin bull run is near.
Matt Sigel of VanEck stated short-term holders' realized losses and Bitcoin volatility are positive for BTC in an interview.
Coins in the top 30 by market capitalization are rebounding from this week's corrections.
Bitcoin (BTC) and Ethereum (ETH), the two biggest assets by market size, held above crucial support levels early Friday.
ETH/USDT trades at $3,438 on June 28, down 2% in a week, according TradingView. In the previous week, Spot Ethereum ETF prices failed to rise despite optimism. Reuter predicts Spot Ethereum ETF clearance by July 4.
Three significant variables might boost Ethereum.
XRP/USDT is at $0.4801, near $0.50 resistance. Ripple President Monica Long's remark early Friday moved the cryptocurrency despite no fresh developments in the US Securities and Exchange Commission (SEC) vs. Ripple litigation.
Crypto token traders earned the most from meme-coins in Q2 2024, while Gaming Finance tokens performed poorest.
The current price of Avalanche (AVAX) is $28.49. The MACD line crosses above the signal line and the green histogram bars above the neutral line, indicating bullishness.
AVAX may reach $31 resistance after an 8.77% surge. The chart shows AVAX might find support at the Fair Value Gap between $26.66 and $27.66.
A US government wallet account transferred 11.84 Bitcoin, worth $726,000, to another address late on Thursday, according to Asian journalist Colin Wu. This is probably a minor test before a big move.
On Tuesday, VanEck Head of Digital Assets Matthew Sigel became positive after seeing capitulation indications such short-term holder losses. The statistic identifies BTC sellers that lose money.
Bitcoin volatility also dropped at this time in the cycle. The CEO forecasts a Bitcoin bull run in his latest interview after metrics became optimistic.#BinanceTournament #MtGoxJulyRepayments #IntroToCopytrading
bulls face a challenge after a harsh rejection from the key resistance zone of $5.57 - $5.79. The price is currently hovering near the support line within a channel pattern. Potential Scenarios: Bounce: If $UNFI finds support at the current level, we could see a price swing back upwards within the channel.📈 Breakdown: A break below the support line could trigger a significant drop towards the next #support area of $3.05 - $3.25.🩸 Key Takeaways:🔐 UNFI is at a critical juncture, with the price action dictating the next move. A bounce could signal a continuation of the channel pattern. A breakdown suggests further downside potential towards the $3.05 - $3.25 support zone. What's Your opinion on This ??#IntroToCopytrading #VanEck_SOL_ETFS #US_Inflation_Easing_Alert
bulls face a challenge after a harsh rejection from the key resistance zone of $5.57 - $5.79. The price is currently hovering near the support line within a channel pattern.
Potential Scenarios:
Bounce: If $UNFI finds support at the current level, we could see a price swing back upwards within the channel.📈
Breakdown: A break below the support line could trigger a significant drop towards the next #support area of $3.05 - $3.25.🩸
Key Takeaways:🔐
UNFI is at a critical juncture, with the price action dictating the next move.
A bounce could signal a continuation of the channel pattern.
A breakdown suggests further downside potential towards the $3.05 - $3.25 support zone.
What's Your opinion on This ??#IntroToCopytrading #VanEck_SOL_ETFS #US_Inflation_Easing_Alert
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