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XRP price risks a 19% crash after creating a bearish inverted cup and handle pattern. As of June 5, 2025, if XRP loses critical support, the price may crash below $2 and revisit $1.71. Despite the bearish technical structure, social dominance shows a sentiment divergence and growing hype. XRP has shed more than 2% of
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Donald Trump has acknowledged the progress that the US has made towards boosting the crypto industry in the country. The US president also discussed why the US had to act fast to lead the way in crypto and praised Bitcoin’s role in complementing the dollar. Donald Trump Highlights US Progress Towards Crypto In a White
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In the last week of May, the cryptocurrency market experienced a slowdown in trading activity as participants took profits following recent rallies.
Despite this brief lull, several altcoins have caught the attention of large investors, commonly known as whales, who are accumulating positions in anticipation of potential price gains in June.
The leading meme coin, DOGE, is among the assets crypto whales are accumulating for potential gains in June. This trend is reflected in the recent surge in DOGE accumulation among whale wallets holding between 1 million and 10 million tokens.
According to Santiment, this group of DOGE whales added 30 million tokens to their wallets over the past week.
Such buying activity by whales often serves as a strong signal to retail traders. Seeing large investors confidently increase their positions can encourage retail participation. This could drive up DOGE’s value as buying momentum builds across the market.
If buying pressure subsists, the token could resume its rally and climb to $0.206.
However, if whale accumulation stalls and selloffs strengthen, DOGE’s value could fall to $0.175.
Layer-1 (L1) coin AVAX is another asset crypto whales are holding for gains in June. This is reflected by the 474% uptick in the coin’s large holders’ netflow in the past seven days.
Large holders are whale addresses that hold more than 0.1% of an asset’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.
When an asset’s large holders’ netflow increases, more of its tokens are flowing into the wallets of these major investors than are flowing out. This trend indicates that AVAX whales are accumulating the asset, signaling confidence in its future value.
AVAX could witness a rebound and surge to $24.28 if whale accumulation continues.
On the other hand, the altcoin’s price could extend its decline to $14.66 if the whales begin to sell for profit.
QNT has defied this week’s broader market downturn, posting 7% gains. The token’s near-10% rally appears to be fueled by renewed investor interest following the launch of Overledger Fusion, a Layer 2.5 network designed to bridge institutions, enterprises, and decentralized finance (DeFi) ecosystems.
It has also driven a surge in whale accumulation, indicated by the 1083% rally in the token’s large holders’ netflow over the past week. This uptick signals growing confidence in QNT’s short-term performance and hints at the likelihood of further rallies as large investors increase their exposure.
If these traders continue to buy QNT, they could drive its price to $115.20.
However, if selloffs resume, QNT could slip below $101.87 and fall toward $93.52.
The post What Whales Are Buying For Potential Gains in June appeared first on BeInCrypto.
Solana (SOL) is down nearly 13% over the last four days, reflecting a sharp loss of momentum across key technical indicators. The Ichimoku Cloud remains bearish, with price action stuck below a thick resistance zone and short-term lines reinforcing downward pressure.
Meanwhile, SOL’s BBTrend has plunged to -5.68, its lowest level in 11 days, signaling intensified selling activity. With EMA lines still in bearish formation and price struggling to reclaim $150, Solana continues to face strong resistance and uncertain short-term direction.
Solana’s Ichimoku Cloud chart shows a persistently bearish setup. The price action remains below the Kumo (cloud), which has transitioned from red to green in the near future but still indicates overhead resistance.
The blue Tenkan-sen (conversion line) is below the red Kijun-sen (base line), reflecting continued short-term bearish momentum.
Candlesticks are struggling to gain traction above the Tenkan-sen, signaling weak buyer strength and limited upward pressure.
Looking ahead, the cloud itself thickens and flattens, suggesting that even if price attempts a recovery, it will face strong resistance when it approaches the cloud zone.
The leading span lines—Senkou Span A (green) and Senkou Span B (red)—are relatively wide apart, reinforcing uncertainty and low bullish conviction.
The overall trend remains tilted to the downside until price decisively breaks into or above the cloud.
Solana’s BBTrend has sharply dropped to -5.68, marking its lowest reading in the past 11 days.
This decline comes after a brief surge yesterday when the indicator approached the 1.5 zone, hinting at temporary bullish momentum that has since reversed.
The sharp swing into negative territory signals growing weakness and fading buying pressure in the short term.
The BBTrend (Bollinger Band Trend) measures the strength and direction of price movements relative to the Bollinger Bands.
Values above 1 suggest a strong uptrend, while readings below -1 indicate a strong downtrend.
A BBTrend of -5.68 places Solana deep in bearish territory, signaling an aggressive downward move and suggesting that volatility is expanding in favor of sellers. If this persists, it could increase the likelihood of further downside pressure in the near term.
Solana’s EMA lines remain in a bearish alignment, with short-term averages still positioned below the long-term ones—confirming a downtrend structure.
Price action has struggled to reclaim the $150 level over the past few days, following a sharp drop of more than 10% triggered by the recent escalation in the Israel-Iran conflict.
This failure to regain momentum reinforces the current weakness in buying pressure.
If Solana manages to break through the $150 resistance, it could trigger a recovery toward the $163 and $168 levels, with further upside potential if bullish momentum builds.
However, if the correction resumes, downside pressure may push the price back toward the $141 support zone.
The EMA setup suggests that any rally attempts may face strong resistance until short-term averages start curving upward and crossing over long-term ones.
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