Market Overview
The impact of the Israel-Iran ceasefire appears absorbed, with early-week momentum settling into calmer trading. Only PI Coin and Maple Finance posted >10% gains among top 100 cryptocurrencies, while average fluctuations hovered around ±2%, reflecting cautious sentiment.
👉 Why is crypto market sentiment shifting?
Total crypto market capitalization rose 0.81% to $3.283 trillion, signaling residual buying interest. Traditional markets remained stable:
- S&P 500: +0.07% (6,097 pts)
- Federal Funds Rate: Unchanged at 4.25%-4.5%
Fed Chair Jerome Powell emphasized patience, awaiting clearer economic signals before policy adjustments.
Spotlight Assets
1. Bitcoin Cash (BCH): The Stellar Performer
Price: $481.30 (+6%)
Key Resistance Break: $470
Technical Highlights:
- RSI: 61 (bullish momentum, no overbought)
- ADX: 20 (trend strength building)
Moving Averages:
- Trading above 50-DMA ($385) and 200-DMA ($352)
- Golden Cross formation (50-DMA > 200-DMA)
- Squeeze Momentum Indicator: Suggests impending volatility
Analysis: BCH’s uptrend faces mild hesitation despite bullish signals. The $470–$490 zone serves as a critical psychological battleground.
👉 How to capitalize on BCH’s breakout?
2. Cardano (ADA): Under Pressure
Price: $0.5669 (-3.5%)
Technical Warnings:
- RSI: 35 (approaching oversold)
- ADX: 26 (strong downtrend confirmed)
Moving Averages:
- Below 50-DMA and 200-DMA (bearish crossover)
- Squeeze Momentum: Negative, indicating continued decline
Catalyst: Cardano founder Charles Hoskinson’s proposal to diversify treasury funds sparked concerns about ADA’s long-term utility.
June Outlook: Nasdaq vs. S&P 500
Myriad analysts predict Nasdaq’s outperformance in June, citing tech-sector resilience and Fed policy trajectories.
FAQ Section
Q1: What’s driving BCH’s surge?
A: Breakthrough above $470 resistance, high trading volume, and bullish technical alignments.
Q2: Is ADA’s drop a buying opportunity?
A: Not yet—wait for RSI stabilization above 40 and ADX weakening below 25.
Q3: How will Fed rates impact crypto?
A: Prolonged high rates may curb risk appetite, but crypto’s decoupling from traditional markets is growing.
Q4: Should I invest in BCH now?
A: Monitor the $490 resistance—a clear breach could signal further upside.
Key Takeaways
- BCH: Strong uptrend but needs confirmation above $490.
- ADA: Avoid until technicals improve.
- Macro Focus: Fed patience and Nasdaq strength could shape mid-term trends.