Bitcoin (BTC) recently retreated from $64,000 to $58,000, struggling to reclaim the $60,000 mark. Despite the overall negative market sentiment, certain altcoins have managed to stand out by showing notable gains.

These altcoins have attracted significant attention from bullish investors throughout the day.

So, which altcoins have managed to defy the broader market trend and climb to the top?

Dogs (DOGS)

Dogs (DOGS), a memecoin that has quickly gained millions of users thanks to its platform built on Telegram, has emerged as the top performer of the day. This popular token within the Ton ecosystem saw a remarkable 22.7% surge in the last 24 hours.

According to CoinGecko, DOGS’ market cap has reached $780 million, with a trading volume of $2.3 billion over the past day.

Immutable (IMX)

Immutable (IMX), a platform for creating NFTs on the blockchain, recorded a 9% increase over the past 24 hours, making it the second-best performing altcoin of the day.

IMX’s market cap now stands at $2.33 billion, with an 80 million-dollar trading volume in the last 24 hours.

LayerZero (ZRO)

LayerZero (ZRO), a Web3 project that facilitates data transfer between blockchains while supporting decentralization, was among the top gainers today. ZRO, one of the newer players in the crypto market, saw its value rise by 8% in the last 24 hours.

With a trading volume of $100 million in the past day, ZRO has reached a market cap of $450 million.

Sundog (SUNDOG)

Sundog (SUNDOG), one of the first memecoins launched by Sun Pump on the Tron blockchain, continues to remain in the spotlight. This memecoin has quickly gained popularity and was among the top performers of the day, climbing 6.1% over the past 24 hours.

SUNDOG’s market cap has exceeded $250 million, with a trading volume of $104 million in the last 24 hours.

Chromia (CHR)

Chromia (CHR), a blockchain initiative developed using a programming language called Rell, saw a 7.7% increase in value over the past 24 hours, making it one of the standout altcoins of the day.

CHR’s market cap has reached $172 million, with $39 million in trading volume over the last day.

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The post Which Altcoins Are Bullish Amidst the Crypto Market Downturn? appeared first on Coin Engineer.

Technical Indicators

Technical study shows a strong sell signal on many indicators. The RSI is lingering around oversold area, indicating that, should market circumstances stay negative, further drops might be expected. Reiterating the bearish assessment of CHR, all main moving averages—including the 10-day, 50-day, and 200-day averages—point toward a sell.

Additionally negative momentum indicators like the MACD and Stochastic Oscillator point to ongoing selling pressure. The currency supports immediately at $0.19; two important supports come at $0.1527 and $0.1250. On the plus side, the main resistances to be on alert are $0.20, $0.21, and $0.25. If CHR is to turn the present negative trend around, these levels will be very vital.

Market Mood and Trading Activity

Over the last 24 hours, trading volume for CHR has climbed 9.68%, to $31,106,345. This more activity might indicate either preparedness for further market turbulence or consolidation. The short-term trajectory of CHR will depend much on its capacity to surpass its main support levels.

With technical signs mostly negative, Chromia (CHR) is ultimately negotiating a difficult moment. To estimate possible price swings and modify their plans, investors should pay great attention to the main degrees of support and resistance.

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The information in this article does not provide any investment advice.

The post Chromia (CHR) Coin Price Drops Significantly: A Technical Overview appeared first on Coin Engineer.

While major cryptocurrencies like Bitcoin and Ethereum have lost value over the past seven days, some altcoins have presented opportunities for investors to enter or exit the market.

Santiment evaluated these altcoin projects using the MVRV Opportunity & Danger Zone Model.

MVRV Ratio: A Signal for Buying and Selling

The Market Value to Realized Value Ratio (MVRV) is obtained by dividing the market value of a cryptocurrency by its realized market capitalization. An increase in this ratio indicates that people are more willing to sell that cryptocurrency.

Santiment revealed that Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH) projects are currently in a good buying zone.

All three of these altcoin projects have seen significant declines in recent times. Over the past seven days, BAT has fallen by 24.5%, CHR by 33.9%, and HIGH by 76.9%.

Despite the general decline in the cryptocurrency market, some altcoins have recently moved upwards.

Santiment noted that Ethereum Name Service (ENS), MANTRA (OM),

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The post 6 Altcoins Presenting Buying and Selling Opportunities According to Santiment appeared first on Coin Engineer.

The cryptocurrency market is about to witness a significant number of token unlock events across various altcoins throughout the new week. This list highlights the notable unlock schedules:

Ribbon Finance (RBN)

• Market Cap: $74.76 million
• Unlock Amount: $4.98 million (6.70% of market cap)
• Date: June 24, 2024, 3:00 AM UTC+3

Mask Network (MASK)

• Market Cap: $247.90 million
• Unlock Amount: $1.58 million (0.64% of market cap)
• Date: June 24, 2024, 11:00 AM UTC+3

Openfabric AI (OFN)

• Market Cap: $6.82 million
• Unlock Amount: $2.30 million (33.55% of market cap)
• Date: June 24, 2024, 3:00 PM UTC+3

H2O Dao (H2O)

• Market Cap: $160.70 million
• Unlock Amount: $1.66 million (1.03% of market cap)
• Date: June 25, 2024, 3:00 AM UTC+3

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Pintu Token (PTU)

• Market Cap: $4.93 million
• Unlock Amount: $1.05 million (21.27% of market cap)
• Date: June 25, 2024, 3:00 AM UTC+3

AltLayer (ALT)

• Market Cap: $278.03 million
• Unlock Amount: $19.88 million (6.92% of market cap)
• Date: June 25, 2024, 3:00 AM UTC+3

GateToken (GT)

• Market Cap: $717.68 million
• Unlock Amount: $51.34 million (7.15% of market cap)
• Date: June 26, 2024, 3:00 AM UTC+3

Dogechain (DC)

• Market Cap: $9.92 million
• Unlock Amount: $1.13 million (11.36% of market cap)
• Date: June 26, 2024, 3:00 AM UTC+3

Ref Finance (REF)

• Market Cap: $7.64 million
• Unlock Amount: $1.62 million (21.20% of market cap)
• Date: June 26, 2024, 3:00 AM UTC+3

Axelar (AXL)

• Market Cap: $408.10 million
• Unlock Amount: $14.46 million (3.55% of market cap)
• Date: June 27, 2024, 8:00 AM UTC+3

Yield Guild Games (YGG)

• Market Cap: $220.23 million
• Unlock Amount: $6.03 million (2.74% of market cap)
• Date: June 27, 2024, 5:00 PM UTC+3

Fetch.ai (FET)

• Market Cap: $1.21 billion
• Unlock Amount: $4.76 million (0.39% of market cap)
• Date: June 28, 2024, 3:00 AM UTC+3

Chromia (CHR)

• Market Cap: $182.96 million
• Unlock Amount: $1.27 million (0.70% of market cap)
• Date: June 28, 2024, 3:00 AM UTC+3

Maverick Protocol (MAV)

• Market Cap: $72.63 million
• Unlock Amount: $15.77 million (21.72% of market cap)
• Date: June 28, 2024, 3:00 AM UTC+3

Radworks (RAD)

• Market Cap: $58.86 million
• Unlock Amount: $1.78 million (3.03%
• Date: June 28, 2024, 3:00 AM UTC+3

The post Loaded Token Unlocks in 23 Altcoins in the New Week! appeared first on Coin Engineer.