• About
  • Contact Us
Friday, July 1, 2022
Cryptos Newz
No Result
View All Result
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Cryptocurrency News

Crypto Price Analysis June-10: Ethereum, Cardano, Solana, Chainlink, and NEAR Protocol

Crptoz by Crptoz
June 10, 2022
in Cryptocurrency News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

This week, we take a closer look at Ethereum, Cardano, Solana, Chainlink and the NEAR protocol.

Copy_of_Copy_of_Copy_of_Copy_of_Copy_of_Copy_of_Copy_of_Copy_of (19)

Ethereum (ETH)

Ethereum had an uneventful week, with the price almost flat throughout. ETH closed the last seven days with a slight decline of 3.5%. The descending triangle (depicted in blue on the chart below) remains intact, and the cryptocurrency has made no attempt to break out. The market is moving sideways and shows a lot of indecision.

Current support is found at $1,700, and ETH has not tested this level since May 27. Key resistance is at $1,900, and a break above it could lead to a relief rally. Until then, the best we can do is expect the price to move inside the triangle.

Looking ahead, Ethereum will soon reach the top of this formation, and the price will have to decide one way or another. Indicators are also giving mixed signals.

ETHUSD_2022-06-10_11-47-53
chart by trading view

Cardano (ADA)

ADA performed well over the past seven days, registering a 4% increase at the time of the post. But after a significant rally, price action is indicating that a correction is ahead. A pullback seems like a more likely scenario since the cryptocurrency declined for the second time at the key $0.65 resistance area.

Major support levels are found at $0.55 and $0.50. The last time ADA tested $0.55, it used that level as a pivot for another push. It is important for the cryptocurrency not to lose this level if it is to maintain the bullish momentum on the larger time frame.

Looking ahead, it looks like we will see ADA enter a brief correction. Once there, the bulls can start to build momentum so that the next time they test major resistance, they can break through and turn it into support.

ADAUSDT_2022-06-10_11-48-14
chart by trading view

solana

Despite being trapped in a descending triangle, Solana is showing some signs of hope that it may break above this formation. This consolidation also led to a period of low volatility, with the price recording a loss of only 4.1% compared to seven days earlier.

If Solana manages to break out of this triangle, it could rally towards $44 and above. The daily MACD is bullish, and the RSI is forming higher highs and higher lows. While this is encouraging, SOL has yet to attempt a breakout to bring back buyers.

Key support is found at $37, and Solana will have to do its best to protect this level in the future even if the breakout attempt fails. Losing this key level would lead SOL to a much deeper correction.

SOLUSDT_2022-06-10_11-48-57
chart by trading view

Chainlink (Link)

The best performer on our list this week, Chainlink, managed to gain 23.4% over the past seven days. Link was not only at the top of our list, but was basically the majority of the market in the same period. In the process, the price broke the key resistance at $8, which was quickly turned into support.

The rally was bullish, but selling accelerated as LINK neared $10, and the price is now lacking the necessary push to break this important level. For this reason, it looks like the price may retest the key support before making another attempt.

Looking ahead, LINK has a good chance of sustaining this bullish move especially if the price does not drop below $8. The indicators on the daily time frame remain bullish, and they are yet to reach overbought positions.

LINKUSDT_2022-06-10_11-49-24
chart by trading view

Near Protocol (Near)

After a significant correction since April, NEAR may have found a local bottom at $4.7. This key support level is likely to be tested again as the price finds itself in a downtrend and has lost 11% of its value over the past seven days.

Key resistance lies at $5.6, and the bulls have failed to break above this level in the past. Another attempt is likely if the bears fail to push NEAR to make a lower low on this chart. Considering the price drop by over 70% since April, it is likely that sellers must have been exhausted.

This opens up an opportunity for buyers to attempt a strong recovery if the market turns bullish. Even if it doesn’t materialize, as long as the bulls can keep the NEAR in a flat trend, this is also a breakout as it will halt the correction that started in April.

NEARUSDT_2022-06-10_11-50-02
chart by trading view
Special Offer (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month (terms).

PrimeXBT Special Offer: Use this link to register and enter code POTATO50 to get up to $7,000 on your deposit.

Disclaimer: The information found on Cryptopotato is that of the cited authors. It does not represent the opinion of Cryptopotato whether to buy, sell or hold any investment. You are advised to do your own research before taking any investment decision. Use the information provided at your own risk. See disclaimer for more details.

READ ALSO

Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)

Crypto Price Analysis July-1: Ethereum, Cardano, Solana, Polkadot, and Polygon


Cryptocurrency charts by TradingView.

Related Posts

Cryptocurrency News

Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)

July 1, 2022
Cryptocurrency News

Crypto Price Analysis July-1: Ethereum, Cardano, Solana, Polkadot, and Polygon

July 1, 2022
Cryptocurrency News

VanEck Takes Another Stab at Launching Spot Bitcoin ETF

July 1, 2022
Cryptocurrency News

Market Watch: Bitcoin Ended the Horrible Q2 Below $20K

July 1, 2022
Cryptocurrency News

Massive Cryptocurrency Exchange Stopped Selling Bitcoin, Here’s How It Affects Market

July 1, 2022
Cryptocurrency News

El Salvador Buys the Dip: Adds 80 BTC at $19K

July 1, 2022
Next Post

Seth Green Pays $300K to Recover His Stolen Bored Ape Yacht Club NFT - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

CFTC brings $1.7B fraud case involving Bitcoin against South African national

June 30, 2022

Terra (Luna) Price Enters Troubled Waters As Bears Take Over

May 9, 2022

Wormhole token bridge loses $321M in largest hack so far in 2022

February 3, 2022

Top places to buy LUNA, the new Terra blockchain token

May 30, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)
  • Financial Companies Report First Deal With Digital Assets Under Russian Law – Finance Bitcoin News
  • Bitcoin Markets in Capitulation After Worse Quarterly Loss in a Decade
  • Crypto Price Analysis July-1: Ethereum, Cardano, Solana, Polkadot, and Polygon
  • Home
  • News
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.