June 11 Price Analysis for ALGO, APE, ADA, AAVE, and AVAX -Breaking
- The entire cryptocurrency market has dropped by 3.76% as of today.
- ALGO is currently suffering from the same fate, with its current drop in 5.72%.
- ADA’s performance has been quite good over the past few days. It rose by approximately 40.47% in anticipation for the Vasil HardFork.
As of today, the entire crypto market is down by 3.76%, and just yesterday, the S&P 500 index also fell by 2.7%.
Algorand, (ALGO), seems to be facing the same fate at the moment. It is currently down by 5.72%. The Altcoin has experienced a downward trend for most of the month. Its price fell from $0.74 down to $0.36.
ApeCoin has fallen steadily since its April record high. In the past week, the crypto suffered a 11% decline in its price. APE’s price dropped by 3.18% over 24 hours. It does look like APE may see a trend reverse as bearishness towards the Awesome Oscillator is on the decline.
Cardano, on the other side, is doing well, with a rise of around 40.47% over the past days in anticipation for Vasil Hard. However, crypto was impacted by the general bear market and fell by 3.24% within the last 24 hour.
The price of AAVE (AAVE), has dropped 10.36% in the past seven days. Now, it is looking for the $100 support level. It could be difficult.
The bullish crossover which has been gaining momentum since May seems to be threatening the bearish crossover.
Avalanche, (AVAX), continues its downward trend that began in April. In the past 24 hours, Avalanche (AVAX) has seen a drop in its value of around 78.26%. As of today, AVAX’s is worth $22.30, which is a 7.01% drop in price in 24 hours.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. CQ does not recommend that any information contained in this article be taken as investment advice. CQ urges users to conduct their own research prior to investing in cryptocurrency.