Maker

Cryptocurrency

Kaspa

Injective

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-trading-activities-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Trading Activities Decline</a><br></p>
<p style="text-align: justify">The cryptocurrency market observed a notable decline in trading activities last month, with the global market value decreasing by 11% to $2.41 trillion within the past 30 days. However, some altcoins are showing signs of a bullish resurgence as June concludes. Notably, Maker (MKR), Injective (INJ), and Kaspa (KAS) are projected to potentially outperform <a href="https://en.bitcoinhaber.net/analyst-warns-of-risks-after-bitcoins-correction-from-19-month-high" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> in the upcoming month of July.</p>
<h2 id="what-does-maker-s-chart-indicate">What Does Maker’s Chart Indicate?</h2>
<p style="text-align: justify">Maker (MKR), the governance token for MakerDAO, experienced a 10% price increase over the past week. This growth is attributed to heightened buying pressure. The Relative Strength Index (RSI) stood at 56.12, pointing towards an upward trajectory. The Directional Movement Index (DMI) further supports this bullish sentiment, with the positive directional index surpassing the negative. If this trend persists, MKR could potentially reach a price of $2612.</p>
<h2 id="how-is-injective-performing">How is Injective Performing?</h2>
<p style="text-align: justify">Injective (INJ), the governance token for the Layer-1 network dedicated to decentralized finance (DeFi), also saw a 10% rise in value over the past week. Currently trading above the 20-day Exponential Moving Average (EMA), the altcoin’s trend direction, as indicated by the SAR <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>, suggests a continued upward movement. If this bullish trend remains intact, INJ could potentially hit a trading price of $24.37.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– MKR’s RSI and DMI data indicate strong buying pressure and potential for further price increases.<br> – INJ’s position above the 20-day EMA and favorable SAR data suggest a sustained bullish trend.<br> – KAS’s recent gains are backed by positive trends in the Awesome Oscillator and Elder-Ray Index.</p>
<h2 id="what-about-kaspa-s-prospects">What About Kaspa’s Prospects?</h2>
<p style="text-align: justify">Kaspa (KAS) saw an impressive 20% price increase over the last seven days. The Awesome Oscillator has recently turned green, signaling a bullish trend and potential upward movement. The Elder-Ray Index, showing a value above zero, further indicates dominant bull strength. Should this trend continue, KAS’s price could exceed $0.2.</p>
<p style="text-align: justify">The observed trends in these altcoins suggest potential opportunities for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. Careful analysis and monitoring are essential to capitalize on these promising movements in the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-trading-activities-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Trading Activities Decline</a></h5>

Cryptocurrency Trading Activities Decline

Table of Contents

BH NEWS

Другие статьи, опубликованные 28 июн. 2024 г.

Latest Meme Coin To Buy Right Now, Friday, June 28 – Sealana, AMC, PUPS, Dogecoin

DeltaPrime Unveils $PRIME Token: Pioneering a New Standard in DeFi Governance and Utility

FLOKI, Bonk gain traction as Angry Pepe Fork presale leads the charge

Fake Phantom Wallet Promoted In iOS AppStore Drains Users Funds

EU intensifies scrutiny on AI, revisits Microsoft-OpenAI partnership

VanEck Files for First Solana ETF in the U.S., Aiming to Leverage SOL’s Utility and Decentralization

Join our free newsletter for daily crypto updates!