Ethereum

Cryptocurrency

Bitcoin

Bonk

Chainlink

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-shows-stability-over-the-weekend/" data-wpel-link="internal">Cryptocurrency Market Shows Stability Over the Weekend</a><br></p>
<p class="p1" style="text-align: justify">The <a href="https://en.coin-turk.com/when-will-the-crypto-bull-come-bitcoin-price-analysis/" data-wpel-link="internal">cryptocurrency market</a> did not witness significant changes over the weekend as <strong>Bitcoin</strong> traded slowly around $67,000, showing a modest 0.25% growth during the day. The neutral candles on the daily chart indicate uncertainty among <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>, suggesting that the <strong>price</strong> might sustain above the recently breached level.</p> 
<h2 class="p1" style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Last week was quite productive for <strong>Ethereum</strong>, which saw an 8.8% increase, rising from the monthly support of $2878 to $3110. Currently, Ethereum’s market cap is $374 billion, and its 24-hour trading volume stands at $8 billion.</p> 
<p class="p1" style="text-align: justify">If the bullish momentum continues, Ethereum’s price could increase by 4% before challenging the main resistance of the falling wedge pattern. A breakout beyond this channel is crucial for buyers to lead a sustainable rise towards $4090. Conversely, Ethereum might extend its bearish trend until the channel pattern remains intact.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353209 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-5.png" alt="" width="1946" height="937"></p> 
<h2 class="p1" style="text-align: justify" id="chainlink-chart-analysis">Chainlink Chart Analysis</h2> 
<p class="p1" style="text-align: justify">LINK has been on the rise for five consecutive days, with its price increasing from $12.8 to $16.64, marking nearly a 30% growth. With a market cap of $9.78 billion, <strong>Chainlink</strong> maintains its position as the fifteenth largest cryptocurrency.</p> 
<p class="p1" style="text-align: justify">This recent surge broke the resistance trend line at $16, which had been showing a correction trend for the past two months. This breakout indicates a significant shift in market dynamics, and LINK’s price might consolidate above the reversed $16 support to stabilize the aggressive rise. If the uptrend continues, $18.6, $20.7, and $22.8 are key resistances to watch.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353208 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/link-2.png" alt="" width="1946" height="937"></p> 
<h2 class="p1" style="text-align: justify" id="bonk-chart-analysis">Bonk Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Analysis of the daily timeframe chart shows that <strong>BONK</strong> has developed an inverse head and shoulders pattern, with the neckline resistance at $0.00003. This week, the cryptocurrency recorded a significant 28.8% growth, rising from $0.0000214 to $0.000027.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353207 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/bonk-1.png" alt="" width="1946" height="937"></p> 
<p class="p1" style="text-align: justify">With continuous buying, the cryptocurrency price is likely to break $0.00003, signaling the end of the previous correction. Bonk’s current market cap is $1.76 billion, with its trading volume increasing by $238 million since yesterday, reaching $692 million. A successful breakout will lead buyers towards a rise to $0.0000478.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrency-market-shows-stability-over-the-weekend/" data-wpel-link="internal">Cryptocurrency Market Shows Stability Over the Weekend</a></h5>

Cryptocurrency Market Shows Stability Over the Weekend

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