🟢 Polkadot price shows double bottom formation at $5.95, suggesting a bottom reversal setup. Investors can expect DOT to reach the $7.78 hurdle and higher levels if it can overcome the $6.85 blockade. A daily candlestick close below $5.95 will invalidate the bullish thesis. Source: fxstreet.com
🔥🟢 XRP is trading 30% in the last 24 hours breaking past the crucial resistance of $0.50. With this, XRP has also extended its weekly gains to more than 62%. The latest price move comes as the crypto community expects a positive outcome over Ripple’s legal battle with the SEC. Source: coingape.com
⚪️ Litecoin stuck in consolidation. Litecoin on the chart has been virtually unmoved for almost four months now, trading at $52.9. Litecoin’s low correlation with Bitcoin opens the altcoin up to the possibility of a rally if Bitcoin concedes to the market’s fears. Source: fxstreet.com
🟢 Ethereum started an upside correction above $1,250 against the US Dollar, following XRP rally. ETH could gain bullish momentum if it clears the $1,400 resistance. There is a major bearish trend line forming with resistance near $1,385 on the hourly chart of ETH/USD. The pair could recover further it clears the key $1,400 resistance zone. Source: newsbtc.com
🟢 Solana price could show a bounce soon. A daily close above $33.14 should give sidelined bulls permission to the 38.2% Fibonacci retracement level (based on the previous swing high to swing low) marked at $35.95. Invalidation of the bullish idea is contingent upon the June 14 swing low at $25.75 holding up. Source: fxstreet.com
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