Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally before a massive crash to significant levels.
Algorand price is cycling between support and resistance in a range that has kept it under wraps since the May 12 crash. Due to the possibility of a relief rally for Bitcoin price influencing the whole crypto market, ALGO also has the potential for a breakout and upswing scenario evolving that could result in sizable gains.
Shiba Inu price continues to coil up as it trades every single day. After reaching a critical point, the momentum will collapse to one side, resulting in a breakout. Considering the market structure of Bitcoin and the recent pullback, a bullish move seems likely for SHIB.
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Bitcoin, Ethereum and other cryptocurrencies are in perfect equilibrium, with price action consolidating, forming lower highs and higher lows in the process. Buyers and sellers are getting squeezed into one another as a bearish triangle reaches completion in all three cryptocurrencies, ready for a possible breakout either next week or the week after that.
Despite LUNA 2.0 drop, some investors in the crypto community remain bullish on Terra’s new token. Other experts raised concerns about a potential colossal crash of LUNA 2.0, similar to what happened with the LUNA Classic and UST.
Goblintown NFTs have exploded since their launch in May 2022. The collection was free to mint and hosted 10,000 Goblins, with a floor price of 8.19 ETH.
Ethereum has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally before a massive crash to significant levels.
Bitcoin price consolidates above a weekly support level after the LUNA-induced crash on May 12. This coiling price action could cause BTC to trigger a move to the downside, further deepening the woes of investors.
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