Cryptocurrencies Price Prediction: Bitcoin, TON & Dogecoin– European Wrap 28 June
|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.
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.
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.