Price Analysis for ALGO, APE, ADA, AAVE, and AVAX on June 11

Price Analysis for ALGO, APE, ADA, AAVE, and AVAX on June 11

Price Analysis for ALGO, APE, ADA, AAVE, and AVAX on June 11

Price Analysis for ALGO, APE, ADA, AAVE, and AVAX (Credit: Google)

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  • The entire crypto market is down 3.76 percent, and the S&P 500 index plummeted 2.7 percent.
  • Algorand (ALGO) appears to be following suit, as it is currently down 5.72 percent.
  • ApeCoin (APE) has been declining in the rankings after reaching an all-time high.
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As of today, the entire crypto market is down 3.76 percent, and the S&P 500 index plummeted 2.7 percent just yesterday.

Algorand (ALGO) appears to be following suit, as it is currently down 5.72 percent. So far, the altcoin has been on a downward trend for the entire month. As a result, its price fell from $0.74 to approximately $0.36.

ALGO/USD (Source: FXEmpire)

Read More: Cryptocurrency prices today (Shiba Inu, Bitcoin, Ripple) on, 12th January 2022

ApeCoin (APE) has been declining in the rankings after reaching an all-time high in April. Over the last week, the cryptocurrency’s price has dropped by over 11%. APE’s price has dropped 3.18 percent in the previous 24 hours. On the other side, it appears like a trend reversal is in the works for APE, as bearishness on the Awesome Oscillator has been decreasing.

APE/USD (Source: FXEmpire)

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AAVE (AAVE) has dropped 10.36 percent in price over the last seven days. It is currently attempting to reclaim the $100 support level, which may be challenging.

The bullish crossover that has gained traction since May appears to have the potential to invalidate the bearish crossover.

Avalanche (AVAX) has maintained its downward trend that began in April. Since then, the cryptocurrency’s value has dropped by around 78.26 percent. AVAX is currently at $22.30, a 7.01 percent decrease in price in the last 24 hours.

Read More: PayPal supports cryptocurrency transfers to third-party wallets

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