Bitcoin, the dominant player in the cryptocurrency market, currently holds over 50% market dominance and is known for its relatively stable nature compared to other cryptocurrencies. In this article, we will explore the potential performance of alternative coins (altcoins) in June if Bitcoin reaches its all-time high of $73,000.
Arbitrum Chart Analysis:
Analyzing the ARB/BTC chart, we can observe a significant downtrend, with the price consistently below the daily Ichimoku Cloud and the 100-Day EMA average. The current consolidation phase near support levels signifies a crucial turning point. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.
Injective Chart Analysis:
Examining the INJ/BTC chart, we can see a prolonged downtrend with repeated failures to surpass the daily Ichimoku Cloud and the 100-Day EMA average. The price is currently testing the support level, indicating a potential breakout. This chart showcases consolidation at the specified resistance levels. Price action below the daily Ichimoku Cloud and the 100-Day EMA average marks a critical juncture for possible upward movement.
Injective Protocol’s achievements in the decentralized finance (DeFi) industry have the potential to attract significant interest and investment as the sector continues to expand. INJ’s higher volatility compared to Bitcoin presents the opportunity for greater returns during Bitcoin’s upward trends.
Ordi Chart Analysis:
Analyzing the ORDI/BTC chart, we can observe a downtrend with consolidation below the daily Ichimoku Cloud and the 100-Day EMA average. The price is approaching a support level, indicating the possibility of a breakout.
This chart displays consolidation with clearly defined resistance levels. Price action below the daily Ichimoku Cloud and the 100-Day EMA average suggests a potential upward trend. Ordinals (ORDI), a cryptocurrency project built on the Bitcoin ecosystem, could gain significant momentum and generate interest in the entire Bitcoin ecosystem if Bitcoin experiences a rise.
You can stay updated with our news through Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks, and therefore, they should conduct their own research.
