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Cryptocurrencies Price Prediction: Bitcoin, TON & Dogecoin– European Wrap 28 June

Source Fxstreet

Jun 28, 2024 12:22

Bitcoin Weekly Forecast: BTC price correction could end in July, according to seasonal data

Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments. Technical indicators hint that BTC may undergo a further 5% correction in the near term before potentially continuing its upward trajectory.

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TON and Telegram narrative may be overvalued according to new research

The Telegram narrative for Toncoin (TON) has gained relevance among market participants, as TON price rallied nearly 20% in June on the OKX exchange. However, a new analysis from Blockworks Research suggests that TON and the Telegram narrative may be overvalued.

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Dogecoin price poised for 13% rally after finding support on a key level

Dogecoin (DOGE) price has stabilized around $0.118, aligning with the 200-week Exponential Moving Average (EMA), while on-chain data reveals a rising trend in DOGE's development activity, reflecting optimistic sentiment among investors. With these indicators in place, DOGE appears poised for a bullish upswing in the coming days.

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Disclaimer: For information purposes only. Past performance is not indicative of future results.

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