Crypto Price Analysis 6/25 - BTC, ETH, SOL, TON, DOGE, BNB, ADA, SHIB, MATIC

Bitcoin (BTC) Price Analysis

Bitcoin's (BTC) price declined to $58,474 on Monday, oscillating between its support and resistance levels. After failing to overcome resistance, BTC has been gradually approaching its support level.

It remains uncertain whether sellers can push BTC below its support level and gain complete market control.

BTC Whales Cautious

Bitcoin whales have been cautious since the asset fell below its support level on June 21. Data from Santiment indicates a sharp drop in whale transactions from 17,091 to 9,921 over two days. Despite this, long-term traders perceive the dip as a potential buying opportunity. Metaplanet, a Tokyo-based investment firm, intends to issue bonds worth 1 billion yen to acquire Bitcoin.

Bitcoin (BTC) Price Analysis

BTC continued its downtrend over the weekend, closing Sunday at $63,170, a 1.70% decline. The current week commenced with heavy selling, forcing the price down to $58,474 on Monday. However, buyers intervened at this level, pushing BTC back above $60,000 and settling at $60,330.

BTC faces strong support at $60,000, attracting buyers at this level and driving a 1.04% increase during the current session. Currently, BTC trades just below the $61,000 mark.

Analysts predict that the price will encounter resistance at $65,500, where the 20 and 50-day SMAs have formed a bearish crossover. If sellers regain control, support at $60,000 could be tested, potentially leading to a drop towards $57,500. Indicators, including the Choppiness Index and RSI, suggest that bears hold the advantage.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has declined since facing resistance at $4,000. ETH's latest attempt to breach this level on May 27 resulted in a high of $3,972, but the elusive $4,000 remained unattained. Over the past month, ETH has dropped over 10%, with selling pressure intensifying in recent days.

ETH fell below the 50-day SMA on Sunday, reaching $3,420 after a 2.16% decrease, also pushing it below the $3,500 mark.

The current week began with heavy selling pressure, dropping ETH to $3,241. However, buyers managed to drive the price higher, with ETH losing just over 2% to settle at $3,352. In the current session, ETH shows a slight recovery with buyers attempting to regain control. However, strong bearish sentiment could potentially lead to a reversal and bear targeting the crucial $3,000 support level. As evident from the price chart, the 200-day SMA also coincides with this level, further emphasizing its significance.

The RSI has fallen below 50, indicating a strengthening of bearish sentiment. Should sellers break below the $3,000 support zone, ETH could decline towards $2,800 or even $2,500.

Solana (SOL) Price Analysis

Solana (SOL), which faced significant selling pressure throughout last week, has made a positive start to this week. On Monday, SOL faced considerable pressure as bears attempted to push the price below $130, a critical support level. SOL has rebounded from this support level twice in April, raising hopes for a similar recovery.

SOL dropped as low as $128.19 on Sunday, but buyers entering the market triggered a rebound on Monday. Despite facing strong selling pressure, SOL managed to recover significantly, eventually surpassing the crucial $130 level and settling at $132.33. The current session is dominated by sellers, with SOL gaining 1.61% and trading at $134.46.

If SOL continues its upward trajectory, it could potentially move past the 20-day SMA and test $150. However, if sellers regain control and push below $130, SOL could drop to as low as $100.

Toncoin (TON) Price Analysis

Toncoin (TON) ended last week positively, rising 2.51% on Sunday to settle at $7.51. However, TON encountered significant resistance at this level, indicating strong defense by bears. As a result, TON faced heavy selling pressure on Monday, dropping to $7.09. TON possesses a strong support level at $6.60, and with the 50-day SMA providing additional support, buyers were able to push the price back up to $7.46.

TON has registered a 4% increase over the past 24 hours as buyers attempt to test resistance levels once again. If TON surpasses this level, it could potentially climb to $8. However, if sellers regain control, the $6.60 support level could be tested again. A breach of this level could initiate a decline towards $6 or even lower. The RSI is currently at a neutral level, providing TON with some upside potential.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) has demonstrated resilience, rising above $0.12 despite facing considerable selling pressure on Monday. DOGE had been fairly bearish over the weekend, closing Sunday with a 1.61% drop to $0.12. Monday witnessed increased bearish pressure, pulling DOGE down to $0.11. However, the current session has shown signs of recovery, with DOGE gaining 2.53% and moving back above $0.12.

$0.12 represents a crucial support level for DOGE. If sellers can push the price below this level, DOGE could drop to $0.11 and potentially as low as $0.09. Such a scenario would signal complete dominance by sellers. Conversely, if bullish sentiment returns and lifts DOGE above $0.12, we could witness an upward trajectory towards $0.15 driven by sustained bullish pressure. To achieve this, DOGE must first overcome the 200-day and 20-day SMAs.

BNB Price Analysis

Binance Coin (BNB) has been on a downtrend since reaching an all-time high of $720 on June 6. Since then, selling pressure has forced the price below $600. On Sunday, BNB closed below the ascending trendline support, indicating a bearish turn. The RSI remains below 50, further supporting BNB's bearish outlook.

BNB currently finds support at the $560 level. However, if sellers breach this level, BNB could experience a 10% decline, potentially pushing the price below $500 and retesting its March low of $498. The current session features a battle for control between buyers and sellers. BNB initially rallied to $578 but is now trading at $571, indicating strong resistance.

Cardano (ADA) Price Analysis

Cardano (ADA) has been on a downward trajectory since the beginning of the month, with the 20-day SMA acting as resistance and suppressing the price. ADA has consistently faced rejection at the 20-day SMA, dropping as low as $0.35 on June 18 before recovering to $0.38. ADA has since oscillated between $0.35 and $0.40.

ADA enjoys strong support at $0.35, where buyers are actively entering the market. However, if this level is breached, ADA could plunge towards $0.30.

If bullish sentiment re-emerges, ADA could potentially climb and test the resistance at $0.40. A successful breakout above this level would set the next target for ADA at $0.45.

Shiba Inu (SHIB) Price Analysis

SHIB's downtrend has mirrored the broader market correction. SHIB dipped below the 200-day SMA on June 18 after a 6.42% decline. Since then, DOGE has experienced significant volatility, with selling pressure intensifying near $0.000019, where the 200-day SMA acted as resistance. DOGE reached a low of $0.000017 on Monday, approaching a critical support level at $0.000016. The current session has seen DOGE recover by 1.41% as buyers enter the market.

Analysts predict that DOGE could potentially drop to $0.000016 before rebounding and potentially rising to $0.000020. SHIB has also experienced some consolidation in recent days, as indicated by data from IntoTheBlock, revealing a decline in whale transactions.

Polygon (MATIC) Price Analysis

MATIC has experienced a significant decline since the beginning of the month, dropping from $0.72 on June 6 to its current value of $0.57. While it has gained nearly 4% over the past 24 hours, it has lost over 20% in the past month, indicating continued bearish sentiment. If MATIC's downtrend persists, it could drop to $0.50, a level not seen since October 2023.

Alternatively, if buyers capitalize on the current session and overcome selling pressure, MATIC could challenge the resistance at $0.60