Bitcoin currently dominates over 50% of the cryptocurrency market and is considered to be less volatile than other cryptocurrencies. In this article, we will explore which alternative coins (altcoins) may perform well in June if Bitcoin reaches its all-time high of $73,000.
Arbitrum Chart Analysis:
The chart analysis for the ARB/BTC pair shows a significant downtrend, with the price consistently below the daily Ichimoku Cloud and the 100-Day EMA average. The current consolidation near support levels indicates a critical point. For the latest financial and business news, visit COINTURK FINANCE.
Injective Chart Analysis:
The INJ/BTC chart reveals 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, suggesting a potential breakout. This chart demonstrates consolidation at the defined resistance levels. The price action below the daily Ichimoku Cloud and the 100-Day EMA average signifies a critical moment for possible upward movement.
Injective Protocol’s achievements in the DeFi space could attract significant interest and investment as the DeFi sector expands. INJ’s higher volatility compared to Bitcoin offers greater potential returns during Bitcoin’s upward movements.
Ordi Chart Analysis:
The ORDI/BTC chart shows 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 displays 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 increase interest in the entire Bitcoin ecosystem if Bitcoin rises.
For our latest news, you can follow us on 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 risks, and should conduct their own research.
