The market experienced a downturn, resulting in prolonged losses throughout. This led to a substantial selloff, causing a $70 billion reduction in the global crypto market cap, reaching below the $2.4 trillion mark and ending the week at $2.35 trillion. AVAX had a mild 0.23% gain in the beginning of the week, following a meager rise in Bitcoin’s value. It hit a new yearly low of $24.94 on June 18 and dropped further to $24.52 on June 22, closing the week at $25.61 with a 14.66% loss, marking a YTD drop of 33% for Avalanche.<\/p>\n
However, its RSI (25.15) and CCI (-138.2) indicate that the asset is extremely oversold and may be due for a rebound. JASMY initially soared 12.33% on June 16, while BTC and other assets saw negligible gains. However, it later experienced four days of losses, culminating in a 25% collapse. After retesting the lower Bollinger Band ($0.0296) on June 20, it saw a brief drop below it, but managed to recover slightly, closing the week with a 7.46% drop.<\/p>\n
It continues to trade below the 20-day EMA at $0.03540, indicating its position in bearish territory, with steeper declines than the rest of the market. BONK witnessed a 3% gain on June 16, followed by a 17% crash in price on June 17 and 18. It closed the week with a 15.6% drop. For a shift to bullish momentum, BONK must push above the 23.6% Fibonacci retracement ($0.00002543) and the 50-day EMA ($0.00002637), which would be crucial for reaching the $0.00003 territory.<\/p>\n","protected":false},"excerpt":{"rendered":"
The market experienced a downturn, resulting in prolonged losses throughout. This led to a substantial selloff, causing a $70 billion reduction in the global crypto […]<\/p>\n","protected":false},"author":1,"featured_media":2222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[],"class_list":["post-2223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2223"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2222"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}