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Jun 27, 2024 | 
beincrypto.com | Aaryamann Shrivastava |Ryan Boltman
Dogecoin (DOGE) price is moving within a bullish pattern, but bullish cues are needed for the meme coin to validate it. This may be difficult since the investors’ behavior and sentiment do not seem to align with what is needed. Investors Are Not Hopeful About DogecoinDogecoin’s price could trickle further on the daily chart as the meme coin is noting a shift in the holding of its supply.
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Jun 27, 2024 | 
beincrypto.com | Aaryamann Shrivastava |Ryan Boltman
Polygon (MATIC) price is closing in on initiating a recovery after the altcoin fell to the lowest point since November 2023. The leash of recovery is held with the investors who could make or break the potential rally for MATIC. The MATIC price could benefit from the positive signals visible on the network, such as the Moving Average Convergence Divergence (MACD) indicator, which signals that MATIC is on the verge of a bullish crossover.
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Jun 27, 2024 | 
beincrypto.com | Aaryamann Shrivastava |Ryan Boltman
The Artificial Intelligence (AI) landscape is vast and continues to grow. As a result, every week, a new token emerges, performing better than all the others. For the fourth and final week of June, it happens to be Matrix AI Network (MAN), LimeWire (LMWR), and PAAL AI (PAAL). The biggest news of the week, on the other hand, is the collaboration between Google and Gemini.
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Jun 27, 2024 | 
beincrypto.com | Abiodun Oladokun |Ryan Boltman
Activity in the meme coin market has gained momentum in the last week, leading to an uptick in demand for the frog-themed token Pepe (PEPE). Exchanging hands at $0.000012, the meme coin’s value has increased by 5% in the past seven days. Pepe’s (PEPE) Chaikin Money Flown (CMF) confirms the rise in the altcoin’s demand. This indicator, assessed on a one-day chart, is in an uptrend at 0.08 at press time. This indicator measures the money flow into or out of an asset over a specified period of time.
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Jun 27, 2024 | 
beincrypto.com | Abiodun Oladokun |Ryan Boltman
Dogwifhat (WIF) plunged to a year-to-date (YTD) low of $1.82 on June 25. Its price has since rebounded by 13% to trade at $2.05 at press time. Some of WIF’s technical indicators suggest a gradual resurgence of bullish sentiment toward the meme coin. Assessed on a daily chart, the dots of WIF’s Parabolic Stop and Reverse (SAR) indicator currently lie under its price. This indicator measures an asset’s trend direction or price movements.
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Jun 27, 2024 | 
beincrypto.com | Abiodun Oladokun |Ryan Boltman
Futures traders who anticipated a rally and bought Solana (SOL) have recently faced liquidations as the coin’s value continues to decline. At press time, the altcoin’s value had plunged by 19% in the last month to $135.56. In an asset’s derivatives market, liquidations occur when a trader’s position is forcefully closed due to insufficient funds to maintain it. Long liquidations happen when an asset’s value drops unexpectedly, forcing traders with open positions in favor of a price rally to exit.
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Jun 27, 2024 | 
beincrypto.com | Abiodun Oladokun |Ryan Boltman
As June nears its end and market activity picks up in anticipation of a potential Spot Ethereum ETF launching in July, crypto whales have begun accumulating some assets. Some of these assets include Lido (LDO), Aaave (AAVE) and Toncoin (TON). LDO is the governance token of Lido Finance, Ethereum’s largest liquid staking protocol by total value locked (TVL). Trading at $2.41 as of this writing, the altcoin’s value has remained in an uptrend in the last week.
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Jun 27, 2024 | 
beincrypto.com | Abiodun Oladokun |Ryan Boltman
Last month’s general market decline has impacted Cardano’s (ADA) price. It trades at $0.37, having witnessed an 18% price decline in the past 30 days. On-chain data has revealed that this price dip has caused some of its biggest holders to reduce their trading activity. Cardano (ADA) has witnessed a decline in large transaction volume in the last month. For example, during that period, the daily count of ADA transactions worth between $1 million and $10 million has dropped by 33%.
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Jun 26, 2024 | 
beincrypto.com | Aaryamann Shrivastava |Ryan Boltman
Filecoin’s (FIL) price had been forming lower lows for the better half of this month, finally halting the decline in the past week. While investors tend to hold out hope for recovery of the asset they are invested in, FIL may not be seeing that. The consistent drawdown in Filecoin’s price has resulted in $20 million worth of long liquidations since the beginning of June. This significant loss has created a bearish ripple effect throughout the market.
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Jun 26, 2024 | 
beincrypto.com | Aaryamann Shrivastava |Ryan Boltman
Internet Computer (ICP) price is at a six-month low at the moment as the broader market bearish cues took the altcoin down. While the potential for recovery is visible, the heavy bearishness experienced by ICP could hinder it. ICP price is currently showing signs of potential upward momentum. This comes from the Moving Average Convergence Divergence (MACD) indicator, which is primed for a bullish crossover.
