Top Cryptocurrencies to Watch This Week
This week, the crypto market faces several key events. These include interest rate decisions by the Federal Reserve and Bank of England, the Iran-Israel crisis, and potential ETF inflows for Bitcoin and Ethereum. Here are three cryptos to keep an eye on: Solana,ripple,and Zetachain.
Ripple (XRP) ETF Decision Looms
The SEC will decide on Franklin Templeton’s XRP ETF proposal on June 17.Most traders expect a postponement as the agency reviews other proposals. However, the odds of approval by year-end are high, reaching almost 90%. This decision could impact XRP’s price.
Crypto Michael predicts a ruling on Twitter that could influence XRP’s price. The coin has been consolidating for months, forming a symmetrical triangle pattern. A bullish breakout is anticipated, aligning with Bitcoin’s rise above its 8-year trendline.
Solana (SOL) Token Unlock
Solana’s price has dropped 21.7% since May.A $275 million token unlock is coming up. Despite the drop, technicals suggest a rebound if it breaks above $160.This could spark a significant move.
zetachain (ZETA) Token Unlock
Zetachain’s price has fallen 80% as 2024. A $8.6 million token unlock is due. If it holds the $0.20 support, a rebound is possible. The network will unlock tokens worth over $275 million. A bullish flag pattern hints at a potential price recovery.
Zetachain (ZETA) in Focus
ZETA has seen an 80% plunge. A $8.6 million unlock is approaching. If it holds the $0.20 support,a bounce-back is likely. The triple-bottom pattern on its chart supports this prediction. The market’s reaction will be crucial.
