The odds of a June rate cut have dropped sharply in the past week, raising downside prospects for riskier assets like XRP.
Altcoin Watch News
Altcoin watch refers to the practice of monitoring and analyzing alternative cryptocurrencies to Bitcoin, known as altcoins. With thousands of altcoins available in the market, each with special features and uses, traders and investors keep a close eye on their movements in search of possible investment opportunities. Altcoin watch entails keeping an eye on news about particular altcoins, as well as price changes, trading volume and market capitalization.
Investors engage in altcoin watch to diversify their portfolios beyond Bitcoin, hoping to capitalize on the rapid growth potential of certain altcoins. Monitoring altcoins allows investors to identify emerging trends, promising projects and innovative technologies within the cryptocurrency space. Additionally, traders often use technical and fundamental analysis techniques to evaluate altcoins, aiming to predict price movements and make profitable trades.
However, altcoin investments come with higher risks due to their volatility and the evolving nature of the cryptocurrency market. Consequently, individuals engaged in altcoin watch must stay informed, conduct thorough research, and exercise caution when making investment decisions.
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Did SOL’s bull market end when the memecoin bubble burst, or is the $150 level just a short-term technical resistance zone?
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XRP price is down 3.8% today, and bulls need to hold the important support level at $2.20 to avoid a deeper correction targeting $1.60 and lower.
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A recovering memecoin sector and the launch of a new DEX are boosting Solana's bullish outlook for the coming weeks.
3557 - Market Analysis
Ether price is at risk of a decline toward $1,200 as it retests a key support level amid diminishing network activity and a return to inflation of ETH supply.
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XRP could avoid another leg down if bulls hold the altcoin above the $2.40 support level and whales show signs of buying again.
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Dogecoin’s price is climbing today, driven by the launch of a dedicated DOGE reserve and growing investor appetite for altcoins.
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Several Solana network-specific and broader crypto-focused factors are behind SOL’s price recovery.
4282 - Market Analysis
XRP price needs to stabilize above the $2.50 level for a continued move toward $3 and potentially higher levels.
2617 - News
Global trade tensions and fluctuating market dynamics are making investors reconsider their crypto strategies, market analysts told Cointelegraph.
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Ripple still faces a legal hurdle with an injunction preventing XRP sales to institutional investors, but price chart technicals are showing promise nonetheless.
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DOGE’s extremely oversold conditions hint at price reversals akin to its 400% price boom in 2024.
8643 - Market Analysis
The ETH price slump continues due to weakening network activity and a declining TVL, as a classic chart pattern points to a further downside for Ether.
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TON price may rise toward the $5-6 range next as it bounces sharply from its lowest levels in a year following Pavel Durov's exit from France, technicals suggest.
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XRP price is testing a historically significant resistance level, whose breakouts have preceded a minimum 160% boom versus Ether in the past.
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