As June comes to an end, Bitcoin price continues to hover at $60,200. Altcoins have turned red again. The latest positive PCE data did not support the Bitcoin price stuck in a narrow range. Despite continued weakening inflation, ongoing unique issues in crypto are dampening risk appetite.
LUNA Coin Price Predictions
At the time of writing, the LUNA Coin price is at $0.426. BTC weakness persists, and the $0.4 support is a key level that LUNA Coin bulls must protect to avoid deeper lows. If this area is lost, targets could be $0.378 and lower. The $0.364 level was tested in August 2023. Buyers are expected to act at $0.35 and below.
For a possible reversal, the $0.55 support must be maintained; otherwise, a new all-time low seems imminent. Unless BTC makes a surprising turnaround, the reasonable scenario points downward. And of course, crypto sometimes surprises and sometimes meets expectations.
LUNC Coin Comments
Negativity is dominant here as well. We frequently discuss long-term risks. Apart from speculative price movements, there is no story that investors believe in for long-term benefits. Speculative rises are seen when there is a general upward trend in the market, which is not the case these days. Therefore, the $0.00007076 support must be maintained. Otherwise, new all-time lows for LUNC Coin, similar to LUNA Coin, will not be surprising.
SOL Coin Commentary
Solana was expected to be one of the best-performing altcoins in June, but this did not happen. ETF applications by VanEck and 21Shares did not yield the expected results. However, we know that we did not see immediate and continuous rises after BTC and ETH ETF applications. So, it is not surprising that the applications submitted this week have not been priced in by the market, especially with BTC in its current state.
The recovery from $122 is positive. However, as you can see in the daily chart, gains from ETF news are quickly erased. This is related to the overall negativity in the market. If $152 solidifies as support, $176 and $188 can be tested.
