Bonk (BONK), the prominent meme coin, persists in following an upward trajectory within an ascending channel, even amid growing pessimism towards it in the market. Analyzing its essential indicators shows that there remains a consistent interest in the meme coin, notwithstanding some investors cashing out for profits.
Read MoreAccording to crypto trader Peter Brandt, Bitcoin (BTC) is currently experiencing a downturn, with its price at $68,589. Brandt suggests that based on the trajectory of previous post-halving bull markets, Bitcoin could potentially peak between $130,000 to $150,000 in late August to early September.
Read MoreOver the last three months, there has been a noticeable increase in the number of large investors holding significant amounts of Ripple (XRP) tokens, according to on-chain data.
Read MoreAvalanche (AVAX) recently surpassed the upper boundary of a descending channel on May 13, leading to an approximately 10% increase in its price. Yet, indications from on-chain data hint at a potential downturn in demand for the altcoin throughout the past week.
Read MoreSeveral prominent cryptocurrency analysts have recently expressed bullish sentiments regarding Ethereum ($ETH), the second-largest cryptocurrency by market capitalization.
Read More