$MATIC $MATIC $MATIC

🧧🧧🎁🎁

MATIC Chart Analysis: Remarkable Data and Key Levels

At the time of writing, MATIC was trading at its lowest price of $0.63 since October 2023. Since April 13, its price has oscillated in a horizontal channel, trading between the $0.75 resistance to the $0.64 support. Usually this channel occurs when the price of an asset is consolidated within a certain range for a while. This occurs because there is a relative balance between buy and sell pressures, which prevents the price from showing a strong trend in both directions.

The fact that the MATIC price turned towards the bottom line of this channel last week shows that the downward trend towards altcoins has increased. This was confirmed by the negative weighted sensitivity observed in the chain. Since the beginning of the month, the weighted feeling of MATIC has been predominantly negative. At the time of writing, this data was -0.64.

This data; It measures the general positive or negative sensitivity towards an asset by following the mentioned sensitivity and volume. The weighted sensitivity value of -0.64 shows a negative trend in the sensitivity surrounding the entity. There are many more negative words than positive words. This bearish trend has also been confirmed by MATIC's descending-term open position. This amount, which was $197 million at the time of writing, has fallen by 8% since the beginning of June.

MATIC Chart Analysis

Readings from key momentum indicators on the MATIC front showed an increase in sales among market participants. For example, the Relative Strength Index (RSI) was 36.44, while the Money Flow Index (MFI) was 26.11.

Traders use these indicators to measure the price momentum of an asset and identify potential buy and sell opportunities. At these values, MATIC is on oversold as the buy pressure continues to weaken. DYOR

#MATIC✅ #PolygonMATIC #Analysis

🧧 New Telegram Bot Project Announced: Palanton! 🌍

Telegram applications are gaining significant attention, allowing users to easily access various services. Palanton is a new bot named after the "palantir" stone from the Lord of the Rings series, enabling users to earn rewards by making daily Bitcoin price predictions.

Palanton offers a daily game at 00:00 UTC where users predict the Bitcoin price. Predictions close at 21:00 UTC. Users earn $PAL tokens based on their predictions, with the best predictions receiving the highest rewards. Every participant gets a small token reward, ensuring everyone benefits. Additionally, users can earn extra tokens by inviting others through referral links.

Joining Palanton is simple. Register through the link below, spend a few minutes each day predicting the Bitcoin price, and enjoy the rewards. Palanton is a fun and rewarding way to earn airdrops through Telegram.

🧧You can reach the Palanton Bot by typing PALANTON in the Telegram Search section.🧧🚀

$PAL

#telegram #Palanton #BitcoinPricePredictions

$LINK $BTC $ETH

Where is the trip? 🎯

It seems like the cryptocurrency market has been on a wild ride lately! 🎢

According to the latest data, the global crypto market cap is currently at a whopping $2.69 trillion, with Bitcoin (BTC) leading the pack with a market cap of $1.39 trillion. That's a lot of zeros! 💰

In the past month, Ethereum (ETH) has been making some serious moves, with prices surging as high as $3,973. It seems like the Ethereum community is buzzing with excitement, especially with the SEC's recent rule change that could pave the way for the first spot Ethereum ETFs to hit the market. 📈

But that's not all, folks! The House of Representatives has also passed the Financial Innovation and Technology for the 21st Century Act, which could have some major implications for the crypto industry. 🏛️

And let's not forget about the other top cryptocurrencies, like ChainLink (LINK), which has been the best performer in May, with a 17.1% gain. It seems like LINK is the new kid on the block(chain) that everyone's talking about! 😎

So, there you have it, the latest situation in the cryptocurrency market. It's a rollercoaster ride, but with so much excitement and potential, it's hard not to get caught up in the hype! 🎢💥

#ETHETFsApproved #BTC #ANALYSIS

🧧🧧 $CHZ $CHZ $CHZ 🚨🚨

What is Chiliz Trying to Do ⁉️⁉️

Chiliz has been making some interesting moves lately. They've launched their own layer-1 blockchain, Chiliz Chain, which is a big step towards expanding their fan token ecosystem. This move is expected to attract more sports teams, fans, and developers to build Web3 products and experiences that bring fans and brands closer together.

In other news, Chiliz has also launched a $50 million incubator program called Chiliz Labs to support early-stage projects in the sports and entertainment industries. This initiative aims to foster innovation and growth in the sector.

On the financial front, Chiliz's native token CHZ has been performing well, with its price hitting a six-week high recently. This surge in price is partly due to whale activities, which have been driving up trading volume to a 22-month high.

Overall, it seems like Chiliz is positioning itself for growth and expansion in the Web3 space, with a focus on sports and entertainment.

#CHZ/USDT #CHILIZ #ANALYSIS

$BTC $ETH 💵📈📊

Bitcoin Price Fluctuations: A Rollercoaster Ride or Just the Matrix Glitching?

Bitcoin's price has experienced significant fluctuations, with a current price of around $69,420. The market sentiment is mixed, with some analysts predicting bullish trends towards $83,000 and others expecting a bearish downturn to $39,000. Key resistance and support levels are identified at $72,000 and $64,000, respectively. The Ethereum Fear and Greed Index indicates a high level of greed in the market, with a current price of $3,688. The overall sentiment leans towards a bullish outlook, despite the current volatility.

BTC closed bearish from its resistance area which is normal. This is still a range area, we need a Daily breakout above $73,000 to call Bitcoin bullish.

Bitcoin dominance took a rejecting on the underside of the weekly sending triangle

Means altcoins are trying to hold their ground here

The fight is on 🔥

#BTC #bitcoin #ANALYSIS

What Will MATIC Experience in June? 🤔

$MATIC

Polygon (MATIC) continues to feel the recent downward pressure it has experienced. Although a positive atmosphere has formed across the market after Bitcoin (BTC) successfully tested the $67,000 level, the MATIC price continues to trade in the two-month range. So, what awaits MATIC investors in June?

In February 2024, MATIC displayed strong price movements pointing to historical heights. MATIC, which found support at the level of $1 in the first half of March, failed to maintain this level with the decline in Bitcoin and fell below the $0.69 seen in January. In this process, MATIC, which declined to $0.6, is trading between $0.75 and $0.62 in the existing range pattern.

MATIC's daily RSI value remains just below 50, showing that the momentum required for upth is still not achieved. The OBV value, on the other hand, can signal that a breakout may occur on the MATIC side if it can rise from the lowest levels.

MATIC's current resistance level is at $0.75. Liquidity pools, where short positions will be liquidated, are available at $0.762 and $0.8. Even if the two-month consolidation ends and prices rise, a reverse price movement can be expected at the $0.8 level.

Watch the resistance zone between $0.75 and $0.8.

Pay attention to momentum changes by following daily RSI and OBV values.

Develop flexible strategies against possible price movements.

Investors should be careful when taking their position and consider the resistance zone between $0.75 and $0.8. Being prepared for possible price movements that may occur at these levels will be beneficial for investors.

#TopCoinsJune2024 #altcoins #MATIC✅

Will Notcoin Be $1? 🚀🚀🚀

The cryptocurrency called Notcoin (NOT) managed to make a name for itself in the crypto world with an increase of 163 percent in a week. Notcoin closed the day the other day, up from $0.015 to $0.022. Notcoin is known to be one of the GameFi projects in the Telegram ecosystem.

The project has a play-win theme but specifically uses the tap-to-earn feature. Users earn 1 Notcoin with every click. The limit depends only on the user's request to continue. There are some features in the game such as "turbo mode" that can increase users' gains.

NOTE, which was on the crypto scene on May 16, was listed on exchanges such as Kucoin and Binance and has already managed to enter CoinMarketCap's list of the 50 best tokens. The platform, which has managed to attract more than 35 million users, has become one of the most successful games on Telegram. It has the potential to reach more investors with its simple and user-friendly design, promise to earn easily and the power it receives from Open Network.

#altcoins #Notcoin👀🔥 #NOT🔥🔥🔥 $NOT

🚨 Whale Alert 🐳

Rising with Extraordinary Whale Transactions! This Altcoin Entered the Radar!

Toncoin (TON) has stood out as a major player in the cryptocurrency market, especially whale transactions, continuing the momentum it has gained since the beginning of the year. The market is currently trying to balance between bearish altcoins and those that maintain bullish momentum, and Toncoin is in the second category.

Toncoin reached a significant increase in whale transactions with an increase of more than 237 percent in just one day. Whale trades, which were identified by IntoTheBlock as those worth $100,000 or more, jumped from a five-trade low in the previous week to 27 as of June 3. This increase in high-value transactions indicates the intense interest of large investors, which may have a significant impact on the price dynamics of altcoin.

Currently, Toncoin's mainnet asset, TON, is trading at $6.79, up 2.76 percent in the past 24 hours.

Despite the price rise, Toncoin's daily trading volume fell by more than 58 percent to $208.46 million. This decrease in trading volume, which is side by side with the increase in whale trades, does not change the fact that large investors accumulate TON. If this trend among the whales continues, the price can be expected to rise further.

Notcoin Factor

A key catalyst for increased whale activity at Toncoin has been the market excitement surrounding Notcoin (NOT), a token launched at The Open Network in May. Notcoin quickly gained popularity as both a memecoin and a play-as-yon (P2E) type gaming token, reaching an all-time high of $0.02896, corresponding to a growth of 201 percent over the past seven days.

Toncoin continues to be on its list of the top 10 cryptocurrencies with the largest capital, a position it has, along with other leading altcoins. Even the Shiba Inu (SHIB) in the top 10 is pushing out of this elite group, revealing Toncoin's growing influence and market cap size.

$NOT #whale #ANALYSIS #TON

Chiliz Technical Analysis 📊📈

Chiliz, a cryptocurrency that is at the focus of the sports world, came to the fore as one of the most smaking altcoins of 2021. CHZ had risen to $0.89 as a peak level at the time. Afterwards, CHZ declined with the effect of the bear season and fell to the $0.053 levels. A golden cross formation stood out for CHZ, which crossed the $0.1 level after the recovery.

The Golden Cross formation is seen as a harbinger of the rise in the cryptocurrency world. Accordingly, a form of formation that occurs when a short-term moving average line cuts the long-term moving average line and rises above it. Since this pattern occurred at CHZ during the week, a bullish move may be a matter of time.

At the time of writing, when I look at the CHZ price we know as sports-oriented altcoin in the cryptocurrency world, I see that the price is at the level of 0.15 dollars. I need to state that the CHZ coin has made an impressive increase of approximately 25% in the last week. On the other hand, it should be emphasized that important developments for cryptocurrency are especially sports activities.

Now we have UEFA Euro 2024 ahead of us. I believe that it would be beneficial for investors to consider this, as there may be significant participation in CHZ before this activity. On the other hand, towards the end of the Championship, the CHZ investor should be careful towards the end, as the enthusiasm will go out.

When we look at the technical indicators, we see that the RSI is at the level of 51. It should be noted that this level is a neutral level, that is, it does not give buy or sell advice.

On the other hand, when we look at the MACD indicator, we see that the MACD line for the cryptocurrency CHZ is on the signal line. This situation states that the increase for CHZ will continue. The next process for the cryptocurrency CHZ will be the capture of the $0.165 level. While CHZ has caught this trend, the biggest obstacle in front of it will be Bitcoin's negative move. DYOR Source Cointurk

#CHZ/USDT #ANALYSIS #CHILIZ $CHZ

Ethereum Spot ETFs Approved! ✅

The U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETF funds on May 23. This development was a big surprise for the markets. However, it was noteworthy that the price of Ethereum did not show the expected reaction to this positive news. Ethereum's price, which was $3,742 ahead of the announcement, rose to just $3,859 by May 28.

In the days before the approval, the value of Ethereum had increased by almost a third. But concerns over Grayscale's $11 billion Ethereum Trust (ETHE) fund have significantly impacted price action after signs emerged that the SEC could reverse its decision.

This has raised concerns that major outbursts from the Grayscale Bitcoin Trust (GBTC) fund could be repeated. In the months following the approval of Spot Bitcoin ETF funds, the GBTC saw an exit of $6.5 billion, which corresponds to 23% of its assets under management. According to the report by Kaiko Research, a similar scenario may apply to ETHE, with an average daily outflow of $110 million.

Toni Mateos, co-founder of LAOS Network, predicts major exits from the Grayscale Ethereum Trust to new ETFs. Mateos noted that the high liquidity and low wages of ETF funds target a wider market compared to ETHE.

Mateos emphasized that although he saw similarities between GBTC and ETHE, the impact of these products on the markets was different. GBTC has about $30 billion in Bitcoin, which represents 3.5% of the Bitcoin market capitalization, while ETHE represents 2.2% of its market cap, with only $11 billion in Ethereum. Outputs to new ETFs should be more limited, Mateos said, given the smaller percentage of ETHE's market cap.

Be prepared for volatility with the approval of ETF funds.

• Track potential outputs on Grayscale products.

• Monitor Ethereum price movements and market trends closely.

$ETH #ETHETFsApproved #ETH #ANALYSIS

Why Did The Price Of CHZ Rise? 🚀

Despite the recent recession in the cryptocurrency markets, the remarkable increase in the price of Chiliz Blockchain's cryptocurrency CHZ attracted the attention of crypto enthusiasts. CHZ, which showed a 25% increase in just seven days, reached an unprecedented peak in two months and exceeded the $0.15 limit. This surge represents the third-largest gain among the top 100 cryptocurrencies by market capitalization, surpassing even giants like bitcoin and Ethereum.

One of the reasons behind this remarkable increase is the UEFA European Championship, which will be held between 14 June and 14 July. Used on Socios.com, a platform that facilitates the creation of fan tokens for various sports teams, CHZ represents the interaction between fans and the teams they hold. The value of fan tokens reflects the enthusiasm and participation of sports enthusiasts, and these tokens are predominantly obtained using CHZ.

This increase of the CHZ is reminiscent of a similar situation before the 2022 FIFA World Cup. At the time, CHZ doubled its value just before the start of the global sports event, but experienced a drop of about 40% in December of the same year. 10X Research analysts predict that a similar scenario will emerge in the UEFA European Championship. Analysts are pointing out a possible wave of post-event sales as they expect potential gains for CHZ by mid-June.

This situation once again confirms the phenomenon of 'Buy the rumor, sell the news'. The study titled “Expectation Gains and Event-Oriented Losses in Blockchain-Based Fan Tokens: Evidence from the FIFA World Cup” shows the tendency of sports tokens to be exposed to price increases before major events and then a decrease in prices when these events end. Especially given that football events stimulate consumption and economic activities throughout Europe, the broader impact of this effect on regional economies also draws attention.

$CHZ #CHZ/USDT #ANALYSIS #altcoins

PEPE Technical Analysis 📊📈

The rise that started with Bitcoin in the cryptocurrency market has led to significant developments in memecoin projects. Accordingly, Pepe (PEPE) price reached a record high on May 27. Approval of Ethereum exchange mutual fund applications in the US led investors to Ethereum-based memecoin projects. These projects are considered as high-risk reward opportunities.

The Rise of PEPE

PEPE's price rose 7.60% to an all-time high to $0.0001725. The U.S. Securities and Exchange Commission's approval of Ethereum ETF applications on May 20 played a major role in this increase. Other Ethereum-based memecoin projects such as Dogecoin, Shiba Inu and Mog Coin also saw significant increases after this approval. However, it is stated that the ongoing rise in the PEPE market may run out in the coming weeks due to the difference with the daily relative strength index (RSI).

PEPE's downtrend indicates that bullish momentum is weak, signaling a potential price return. This is considered a scenario similar to the 40% drop of memecoin projects in January. PEPE's daily RSI has risen above 70, reaching the overbought zone, which indicates a period of price correction or consolidation.

In the event of a correction, PEPE's price could fall 40% by June to around $0.0000965. This is similar to the price correction before the bearish signal in January. Conversely, an ongoing uptrend could cause PEPE to rise by 32% from current price levels to around $0.00002203.

PEPE's downward technical outlook is getting stronger with the profit-taking activities of its wealthiest investors. This situation causes the PEPE supply, which is in the hands of small investors in the market, to increase. As a result, volatility and uncertainty may continue in the PEPE market.

$PEPE #PEPE‏ #MemeWatch2024 #Analysis

What Will Happen in the Crypto Market This Week? 🔎 📊

We came to the last day of the week and had quite busy days. The altcoin king on Monday rose 20 percent as the SEC made a 180-degree return on the spot ETH ETF. BTC exceeded $71,000 and we saw upward movements across altcoins. In the coming days, there will be many important events that concern cryptocurrency investors.

Personal Consumption Expenses data will be the most important agenda topic of this week. On the other hand, since GDP figures triggered serious volatility last month, the data may offset the concerns in the economy within the expectation of the future here. If GDP comes normal, while the economy is shrinking, the story of the Fed's anti-inflation field is getting stuck ends, which will have a positive result for crypto.

Featured Events and Talks

On Monday, May 27:

US Markets Holiday

20:45 Fed/Williams Will Speak

FLOKI Announcement

Solana V1.18

YGG Lock Opening ($8.2 Million)

Tuesday, May 28:

07:55 Fed/Mester and Bowman

16:55 Fed/Kashkari

20:05 Fed/Cook

UK BTC and ETH ETP Listings

On the other hand, the statements and key openings of the Fed members throughout the week may also have an impact on prices.

#altcoins #Market_Update #Analysis

$ETH $BTC