NullTX

2 weeks ago | nulltx.com | Michael Fasogbon

Looking at the latest recovery in the market, SUI appears to have found support after witnessing a major correction for almost a month. It shows bullish signs, but there’s currently not enough volume in the market. Ending the month of May on a bearish note due to a broad correction across the crypto space, SUI started this month very weak and lost more ground. Surprisingly, the bulls reacted strongly to the bearish move and intercepted further drops above the $2.8 level during last week’s trading.

2 weeks ago | nulltx.com | Michael Fasogbon

After correcting lower for almost a month, ICP found support two days ago and initiated a fresh buy. It currently broke out of a key resistance line and now appears poised for a bullish move on the daily chart. Unlike many other mid-cap altcoins, ICP saw less recovery during the last leg up due to low demand. It subjected the bearish trend to sideways movement and remained relatively indecisive on the weekly chart.

3 weeks ago | nulltx.com | Will Izuchukwu

Dropping to a new monthly low after initiating another leg down this week, Fartcoin found support and climbed back above a broken support level. This brought a major gain today, but the market remains weak. Despite past weeks of drawdown across the crypto space, Fartcoin is still considered bullish on the short-term scale, although the latest drops have brought a slight price correction and is now slowly turning bearish daily.

3 weeks ago | nulltx.com | Will Izuchukwu

Losing traction over the past few weeks, Pepe appears to be reaching a crucial support level after shedding over 20% of its value in two weeks. It currently looks weak, but the bulls are likely to come back soon. The late last month’s downturn has led several other meme coins into a serious correction phase after experiencing a major recovery within the period of a month. Pepe is not left behind as it now slowly approaches a crucial support level, broken as resistance during the early May upsurge.

3 weeks ago | nulltx.com | Will Izuchukwu

In the last month, the daily decentralized exchange (DEX) volume on the BNB Chain has shot up, nearly 7x from about $2B in early May to over $14B today. At first glance, this spike looks like a return to better days for DeFi. But if you look under the hood, you find another engine powering this move — a single mid-cap token, ZKJ, which has added around 50% of the total DEX volume. ZKJ Outpaces Peers by 68x — But Why? Grasping the scale of DEX dominance by ZKJ takes some doing.