The post Altcoins Retreat In Anticipation Of A Rise In Cryptocurrency Prices appeared on BitcoinEthereumNews.com.

Jun 13, 2024 at 10:55 // Price Cryptocurrencies are slipping into a sideways trend after an earlier rise was halted. When altcoins are overbought, they fall. Others retreat in anticipation of further cryptocurrency price rises. Analysis of XMR, ROSE, INJ, TRX and GNO in this analysis from Coinidol.com. Monero Monero (XMR) is in an uptrend, but it has recovered from its previous decline. The cryptocurrency reached a high of $180 on June 10, with the recent high serving as a respite in the upswing. If buyers keep the price above the $180 resistance, XMR will rise to a high of $200.29. Currently, the altcoin is in a moderate pullback, fluctuating below its recent high in anticipation of a positive trend. Should the bears fall below the 21-day SMA support, the bullish scenario would be invalidated. XMR is the best performing cryptocurrency, with the following characteristics:  Current price: $178.02 Market capitalization: $3,283,939,075 Trading volume: $3,283,939,075 7-day gain: 10.43% Oasis The price of Oasis (ROSE) has almost recovered from its slump and is currently trending upwards. At the time of writing, ROSE has reached a high of $0.125. If the current resistance level is broken, the uptrend will most likely continue to a high of $0.20. The altcoin will be in a bullish market if it breaks above the $0.20 level. The altcoin’s uptrend has paused and it is now trading below its recent high. Oasis is the second best performing cryptocurrency. It has the following characteristics: Current price: $0.1232 Market capitalization: $1,232,142,100 Trading volume: $81,708,814 7-day gain: 7.41% Injective Injective (INJ) price is currently in an uptrend due to the bull market. It is currently falling below the moving average lines after being rejected at the high of $52. The altcoin has regained its positive momentum and has risen above the…

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Filed under: News - @ June 13, 2024 12:14 pm