Cryptocurrencies are in a sideways trend and are being challenged by their overhead resistance levels.

Altcoins above the moving average lines have a chance to resume their uptrend. Other altcoins are threatened with a further decline if they remain below the moving average lines.

Ethereum name service

The Ethereum Name Service (ENS) is experiencing a rise after a fall. The altcoin previously fell to a low of $7.00 before recovering to a high of $29.74. Currently, the upward movement has stalled at the $30 resistance zone. The altcoin is in the process of breaking above the $30 resistance zone. On June 2, ENS was rejected at its previous high, but the altcoin found support above the 50-day moving average. If the bulls break above the $30 resistance, ENS will rise to a high of $56. 

In the meantime, the altcoin is valued at 26 dollars. ENS is the best performing cryptocurrency, with the following characteristics:

Current price: $26.71

Market capitalization: $2,666,868,721

Trading volume: $840,220,285

7-day gain: 39.34%

ENSUSD_(Daily Chart) – June 19.jpg

Lido DAO

Lido DAO (LDO) is currently in a bull market, albeit in a sluggish pattern. The altcoin has been trading sideways since January 11, when it hit the $4.00 ceiling. LDO’s price range is between $1.60 and $4.00. The uptrend will begin when it breaks above the $4.00 resistance. Currently, the altcoin is trading at $2.35 at the time of writing this article. LDO is the second highest performing cryptocurrency. It has the following characteristics: 

Current price: $2.36

Market capitalization: $2,358,454,430

Trading volume: $312,724,674

7-day gain: 31.60%

LDOUSD_(Daily Chart) – June 19.jpg

Uniswap

Uniswap (UNI) is recovering from its recent decline and rising. The upward correction ended at a high of $17. UNI is currently in a sideways trend and trading below the $17.00 resistance level. UNI is currently trading in a range of $6.40 to $13.00. The upward trend was halted below the $13 high. UNI will regain positive momentum on the upside if the price breaks through the $13 and $17 barriers. If the current resistances are broken, the altcoin will rise to a high of $19.50. It is the third best performing coin.

Current price: $10.38

Market capitalization: $10.377.221.067

Trading volume: $302,338,845

7–day gain: 13.10%

UNIUSD_(Daily Chart) – June 19.jpg

Pendle

The price of Pendle (PENDLE) is currently in an uptrend and is part of a bull market. The upswing was halted after it reached resistance at $7.29 on April 6. The cryptocurrency is trading sideways between $4.00 and $7.00. The bulls tried to break through the resistance level three times but were unsuccessful. If the $7.00 resistance level is broken to the upside, the altcoin will rise to a high of $10.61. 

PENDLE is trading at $5.61, which is between the moving average lines. PENDLE is the fourth best performing cryptocurrency and has the following characteristics:

Current price: $5.64

Market capitalization: $1,458,322,788

Trading volume: $110,472,015

7–day gain: 12.81%

PENDLEUSD_(Daily Chart) – June 19.jpg

Maker

The price of Maker (MKR) is in an upward correction as it recovers from its previous decline. The cryptocurrency has seen another decline and fell after reaching resistance at $4,075. The altcoin has fallen to a low of $2,077 before recovering above the $2,100 mark. However, based on the price signal, MKR is expected to fall further to a low of $1,520. Today, the uptrend is being challenged by the 21-day SMA or the resistance zone of $2,550. This indicates that the value of the cryptocurrency will continue to fall. 

MKR is the fifth best performing cryptocurrency. It has the following characteristics:

Current price: $2,393.86

Market capitalization: $2,407,528,257

Trading volume: $114,596,252

7–day gain: 1.18%

MKRUSD_(Daily Chart) – June 19.jpg

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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