Ethereum

Solana

Bull Flag

Pepe

On Monday, the crypto market witnessed another wave of selling pressure as <a href="https://coingape.com/reasons-why-bitcoin-price-suddenly-dropped-to-62k/">Bitcoin</a> plunged below $60000 with a nearly 5% drop. The same momentum is observed in the altcoin market as major assets like Ethereum plunged 5.4% to $3232, Binance coin fell 3.3% to $555 but Solana showed a modest dip of 0.1% to $127. 
Moreover, the Digital asset investment products experienced a second consecutive week of net outflows, amounting to $584 million, leading to a total reduction of $1.2 billion in assets under management. According to data shared by the satoshi club, Ethereum (ETH) saw significant outflows totaling $58 million.&nbsp; 
<blockquote class="twitter-tweet"> 
 Digital asset investment products saw a second consecutive week of outflows totaling $584M, reducing the total by $1.2B.<a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> faced $58M in outflows, while <a rel="nofollow" href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>, <a rel="nofollow" href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a>, and <a rel="nofollow" href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MATIC</a> saw inflows of $2.7M, $1.3M, and $1M respectively. <a rel="nofollow" href="https://t.co/eWdc6GGDZE">pic.twitter.com/eWdc6GGDZE</a> 
 — Satoshi Club (@esatoshiclub) <a rel="nofollow" href="https://twitter.com/esatoshiclub/status/1805231905287331923?ref_src=twsrc%5Etfw">June 24, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
In contrast, Solana (SOL), Litecoin (LTC), and Polygon (MATIC) registered inflows of $2.7 million, $1.3 million, and $1 million, respectively. This trend highlights a mixed investment landscape within the market and not a dominant direction. 
Amid the extended correction, here are 3 cryptocurrencies that can offer a suitable dip opportunity for sidelined buyers. 
Also Read: <a href="https://coingape.com/markets/bitcoin-price-what-to-do-as-mt-gox-btc-payments-threaten-crash-to-46000/">Bitcoin Crash: What To Do As Mt. Gox BTC Payments Threaten Crash To $46,000</a> 
<h2 id="span-style-font-weight-400-solana-dip-to-monthly-support-hints-reversal-underway-span">Solana Dip to Monthly Support Hints Reversal Underway</h2> 
Solana (<a href="https://coingape.com/markets/solana-price-analysis-canadian-etp-launch-to-push-sol-300/">SOL</a>) is a high-performance blockchain platform known for its fast transaction speeds and low costs, making it ideal for decentralized applications (dApps) and crypto projects. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/t/tuUfelaz.png" alt="BINANCE:SOLUSDT Chart " width="1824" height="843">
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 Solana | Tradingview
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Over the past three months, the <a href="https://coingape.com/crypto-millionaire-spotlights-rumors-of-solana-under-investigation-whats-happening/">Solana</a> price has been trading sideways, rebounding within a triangle pattern. The two converging trend lines act as dynamic resistance and support and squeeze the price within a narrow range. 
The SOL price is currently trading at $126 seeking support at the lower trendline of the triangle. As per the coinmarketcap, the Solana coin holds a market cap of $59.6 Billion, while the trading volume is at $3.08 Billion.&nbsp; 
As per past records, the lower trendline bolsters buyers for a potential rebound to a higher trendline, indicating a potential gain of 32% to hit $170. However, a breakout beyond the triangle range is needed to trigger an uptrend. 
Also Read: <a href="https://coingape.com/markets/want-to-retire-rich-5-no-brainer-solana-rivals-to-buy-now-and-hold-forever/">Want To Retire Rich? 5 No-Brainer Solana Rivals To Buy Now And Hold Forever</a> 
<h2 id="span-style-font-weight-400-pepe-coin-correction-under-bull-flag-hints-immediate-rally-span">Pepe Coin Correction Under Bull Flag Hints Immediate Rally</h2> 
<a href="https://coingape.com/pepe-coin-pepe-price-bounces-from-crucial-support-levels-a-do-or-die-ahead/">Pepe coin</a> (PEPE) is a meme-inspired cryptocurrency that gained popularity for its association with the internet meme character Pepe the Frog.&nbsp; 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/s/SM7WZjGW.png" alt="BINANCE:PEPEUSDT Chart " width="1824" height="843">
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 Pepe Coin| Tradingview
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The altcoin entered correction in late May as the price reverted from $0.0000172. The bearish reversal plunged the asset 38% to currently trade at $0.0000107, while the market cap plunged to $4.5 Billion. 
The downfall strictly resonating within two parallel trend lines shows the formation of flag patterns. This chart pattern is known to restore exhausted bullish momentum with a temporary pullback. 
Thus, a potential breakout from the overhead trendline will signal the uptrend continuation. With sustained buying. The <a href="https://coingape.com/price/pepe-coin/">PEPE price</a> could rally to $0.000045 mark. 
Also Read: <a href="https://coingape.com/sponsored/pepe-and-this-ethereum-token-capture-investors-attention-as-elon-musks-ai-sets-1000-target-for-ripple-xrp/">PEPE and this Ethereum Token Capture Investors Attention as Elon Musk’s AI Sets $1000 Target for Ripple (XRP)</a> 
<h2 id="span-style-font-weight-400-dogwifhat-coin-in-oversold-region-points-to-potential-reversal-span">Dogwifhat Coin in Oversold Region Points to Potential Reversal</h2> 
<a href="https://coingape.com/markets/dogwifhat-price-forecast-is-it-time-to-buy-the-dip/">Dogwifhat</a> (WIF) is a meme-based cryptocurrency with a playful concept featuring a Shiba Inu dog wearing a knitted beanie and capturing the lighthearted spirit of internet memes. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/k/K8xT7yL9.png" alt="BINANCE:WIFUSDT Chart " width="1824" height="843">
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 Dogwifhat Coin| Tradingview
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The recent market correction took a notable toll on the Dogfihat coin, triggering a fall from $4.08 to $1.47 to a record 68% loss. However, this oversold asset, evidenced by the RSI indicator falling below 29% witnessed renewed demand pressure. 
With a 4.24% intraday jump, the <a href="https://coingape.com/markets/dogwifhat-price-prediction-as-market-sentiment-wanes-can-wif-defy-trend-to-1/">WIF price</a> traded at $1.647, while the market cap also jumped to $1.65 Billion. However, interested buyers must wait for a reversal pattern to develop as the Memecoin’s movement is currently dominated by sellers. 
<h3 id="span-style-font-weight-400-key-takeaway-span">Key Takeaway</h3> 
The broader market sentiment remains bearish, with the majority of major coins prolonging its correction. With the BTC price plunged below $60000, the altcoins are witnessing a fresh wave of selling pressure. However, with a broader trend bullish the potential investors can seek dip opportunities in Solana, PEPE, and Dogwifhat. 
The post <a href="https://coingape.com/markets/should-you-buy-solana-dip-or-pepe-dogwifhat-meme-coins/">Should You Buy Solana Dip Or PEPE, Dogwifhat Meme Coins?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Should You Buy Solana Dip Or PEPE, Dogwifhat Meme Coins?

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Інші статті, опубліковані 24 черв. 2024 р.

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