Plunge

Ethereum

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/top-tokens-could-attract-huge-liquidity-by-facing-a-10-plunge-in-the-coming-week/" rel="noopener noreferrer nofollow">Top Tokens Could Attract Huge Liquidity by Facing a 10% Plunge in the Coming Week</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the weekly close on the horizon, many cryptos have been exhibiting tremendous volatility. While the Bitcoin price slumped below $70,000, many of them also faced a significant bearish action, which slashed many of the tokens below their respective support. Despite this, the possibility of a strong rebound remains pretty high, which may fade with the beginning of the fresh weekly trade.&nbsp;</p>
<p>Below are the tokens that could face a 6% to 8% plunge and attract fresh liquidity to the platform.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-btc-nbsp">Bitcoin (BTC)&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcm79xeUKsjo5SpkZhTLAfv-eF8EyIo0jQKNAILTYS-wds8fR04FLXDuEqjeuc4iKt7UHV6FZcuRDb544cihzQr0fy-8qsmTyuMuc6XJbigLYvnGFm_2lArbsG-kEwrvk1ZUTpszREct0qTP6AtjrFRPYmV?key=AgTdxdQWNt6R5Dndm09gJQ" alt="">
</figure>
<ul>
 <li>The <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> rally has reached the lower support of the rising parallel channel and the technicals have flashed a buy signal&nbsp;</li>
</ul>
<ul>
 <li>The MACD displays a drop in the selling pressure within the positive range, which suggests the platform may soon receive enough buying volume</li>
</ul>
<ul>
 <li>Moreover, the stochastic RSI has reached the lower threshold and looking for an opportunity for a bullish reversal</li>
</ul>
<ul>
 <li>Therefore, the BTC price is expected to, however, continue to support lower levels throughout the weekend, followed by a bullish reversal towards the average bands of the channel close to the ATH.</li>
</ul>
<h3 class="wp-block-heading" id="h-ethereum-eth-nbsp">Ethereum (ETH)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcVOLL7x6TstMX6hy5iSV0rpU0eRXCWa_NwMfsXXVldqlHlsOVPtahNiaUMh_BOM8y37MK3NQsme-4CgNjPzFzyuUN7LSeXA8nThLzVr5ByBbbqo8bFiS_0KLOAj7K_05bBZnRaIovlIa5KCqTJ3FZMyzCa?key=AgTdxdQWNt6R5Dndm09gJQ" alt="">
</figure>
<ul>
 <li>After the latest pullback, the Ethereum price has landed in the interim support zone between $3663 and $3716</li>
</ul>
<ul>
 <li>Similar to Bitcoin, the MACD is close to undergoing a bullish reversal but the levels remain within the negative range, which could be a matter of concern</li>
</ul>
<ul>
 <li>Alongside, the StochRSI is unable to rise above the lower threshold as the levels are close to triggering a bearish crossover</li>
</ul>
<ul>
 <li>Therefore, the ETH price is expected to follow the BTC price rally and attract liquidity after undergoing a minor pullback below $3600&nbsp;</li>
</ul>
<p>Currently, the top two tokens have been deprived of buying volume, which could have elevated the prices finely. Hence, if the Bitcoin &amp; Ethereum prices head towards their key support levels of $68,800 and $3,500, then a huge liquidity influx may revivie a fresh bullish trend.</p>

Top Tokens Could Attract Huge Liquidity by Facing a 10% Plunge in the Coming Week

Table of Contents

CoinPedia News

Other articles published on Jun 8, 2024

Andrew Tate’s $1M Solana Memecoin Bet: Dirty Crypto Play or Legal Distraction?

Bitcoin & Ethereum On “Path To Acceleration,” CryptoQuant Explains Why

Core Crypto Forecast: Is a Post-Consolidation Breakout Imminent?

ZachXBT Exposes $2M Meme Coin Heist, Targets ANDY Holders

BitGo CEO Anticipates Major Bitcoin Surge

BlockDAG’s $45.8M Presale Push Lands It at CoinSniper’s Peak, Amid ADA Price & PEPE All-Time High...

Join our free newsletter for daily crypto updates!