Bitcoin, the dominant player in the cryptocurrency market, currently holds over 50% of the market share and is considered to be less volatile than other cryptocurrencies. In this article, we will explore which alternative coins, or altcoins, might perform well in June if Bitcoin reaches its all-time high of $73,000.
Arbitrum Chart Analysis:
When analyzing the ARB/BTC chart, we can see a significant downward trend, with the price consistently below the daily Ichimoku Cloud and the 100-Day EMA average. The current consolidation phase near support levels indicates a crucial turning point. To stay updated with the latest financial and business news, visit COINTURK FINANCE.
Injective Chart Analysis:
Looking at the INJ/BTC chart, we observe a prolonged downtrend, with repeated failures to surpass the daily Ichimoku Cloud and the 100-Day EMA average. The price is currently testing a support level, suggesting a potential breakout. This chart demonstrates consolidation at the specified resistance levels. The price action below the daily Ichimoku Cloud and the 100-Day EMA average signifies a critical moment for potential upward movement.
Injective Protocol’s achievements in the decentralized finance (DeFi) sector could attract significant interest and investment as the sector continues to expand. INJ’s higher volatility compared to Bitcoin offers greater potential returns during Bitcoin’s upward movements.
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 near a support level, indicating a potential breakout.
This chart illustrates consolidation with defined resistance levels. The price action below the daily Ichimoku Cloud and the 100-Day EMA average suggests a possible upward trend. Ordinals (ORDI), a cryptocurrency project utilizing the Bitcoin ecosystem, could gain significant momentum and generate interest in the entire Bitcoin ecosystem if Bitcoin experiences a rise.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.