The cryptocurrency market had a tough week, with Bitcoin (BTC) seeing a 4% price drop, dragging down other major tokens. Despite this, some lesser-known cryptocurrencies managed to hold their ground.
Ethereum (ETH) started the week with a small increase, closing above $3,700 on June 9. However, the price faced resistance and fell, leading to a retest of the lower Bollinger Band. ETH dropped by 4.6% on June 11, its biggest decline since April. Analysts predict more drops if bearish market metrics persist. Despite a slight recovery, ETH needs to surpass $3,690 to break the bearish trend.
DAO Maker (DAO) had a rough week, losing 7.9% despite a positive start. The price fell below $0.60, hitting its lowest point this year. The daily RSI suggests that DAO is undervalued at $0.5822, hinting at a potential bullish reversal.
Dogelon Mars (ELON) stood out with a 7% weekly gain, defying the market trend. Despite a strong increase on June 9, ELON faced resistance at $0.0000001985, leading to consecutive declines. The token needs to surpass $0.0000002 to shift momentum to bullish.
ELON token is not related to Elon Musk, and it now boasts over 151,600 holders. This shows a growing interest in the asset despite its price fluctuations.