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Historic Step for the Crypto Market from Canada: XRP ETF Approved
Canada is making another first in the cryptocurrency market. Purpose Investments, one of the country's leading asset management companies, has received official approval from the Ontario Securities Commission (OSC) for Canada's first spot XRP exchange-traded fund (ETF). This new product, which will trade under the name “Purpose XRP ETF,” will be available to investors on the Toronto Stock Exchange (TSX) on Wednesday, June 18, 2025.The XRP ETF will be offered to investors in three different optionsThe new ETF will be available in different formats to suit investors' needs:XRPP – Canadian dollar-based and currency-hedged versionXRPP.B – A version denominated in Canadian dollars without currency riskXRPP.U – A version denominated in US dollarsThese funds will provide investors with direct exposure to XRP price movements without requiring them to deal with technical details such as private key management or digital wallet usage. Furthermore, these ETFs can be held in accounts such as Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs), which offer tax advantages in Canada. This feature provides a significant financial incentive for individual investors.Vlad Tasevski, Purpose Investments' innovation officer, stated that this approval is significant not only for the XRP ETF but also for highlighting Canada's pioneering role in global digital asset regulation. In his statement, Tasevski said, "The OSC's approval once again demonstrates Canada's global leadership in creating a regulated crypto asset ecosystem. We are proud to offer accessible products that bridge the gap between blockchain and traditional finance."Purpose had previously been a pioneer in Canada with its Bitcoin and Ethereum ETFs, successfully attracting institutional investors to the crypto asset ecosystem. With the XRP ETF, the company has further expanded its crypto-based product range. The XRP price responded slightly positively to this development. The US is lagging behindAn XRP-based spot ETF has been on the agenda in the US for a long time but has not yet been approved. In particular, the ongoing legal dispute between Ripple and the US Securities and Exchange Commission (SEC) poses a significant obstacle in this process. However, Canada stands out as one of the first countries to launch this product. As the second country after Brazil to approve an XRP ETF, Canada's move could also increase pressure on the U.S.Moreover, this development is occurring despite the election of a prime minister known for his anti-cryptocurrency rhetoric in March 2025. The resolution of the SEC's lawsuit against Ripple could pave the way for a potential XRP ETF approval in the US. On the other hand, BlackRock, the world's largest asset manager, has not yet applied for an XRP-based product, but analysts believe this step is imminent.
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17 Jun 2025
TRON Prepares for Public Offering: Justin Sun Makes a $210 Million Move
TRON (TRX), led by Justin Sun, one of the controversial figures in the cryptocurrency world, is preparing to go public in the US with a remarkable move. Instead of a traditional initial public offering (IPO), TRON has chosen to pursue a “reverse merger” with SRM Entertainment, a company listed on NASDAQ, thereby gaining backdoor access to US public markets.New company: Tron Inc. and a $210 million strategyAccording to a June 16 report by the Financial Times, the new company that will emerge from the merger will be named “Tron Inc.” This entity will launch with an initial investment of $210 million in TRON's native token, TRX. The investment will be provided by Justin Sun's crypto asset platform. Additionally, SRM Entertainment has secured a $100 million equity investment through a securities purchase agreement with a private investor.Tron Inc.'s long-term vision aims to establish a sustainable revenue model through the purchase and staking of TRX tokens. The company also plans to implement a dividend distribution policy. Following these developments, the TRX price rose by approximately 7% to $0.2841. Eric Trump's name is drawing attentionAnother striking aspect of this development is the emergence of Eric Trump, the son of US President Donald Trump, in a leadership role at Tron Inc. This move is seen as reinforcing Justin Sun's recent pro-Trump steps. As is well known, Sun previously launched a Trump-themed TRUMP memecoin and also launched a stablecoin called USD1 under the World Liberty Financial umbrella. This merger process is being managed by New York-based investment bank Dominari Securities. The bank's connections to the Trump family are also a notable detail.Has the SEC lawsuit been put to rest?TRON's public offering comes after Justin Sun faced a lawsuit filed by the US Securities and Exchange Commission (SEC) in 2023. The SEC had accused Sun of manipulating the price of the TRX token. However, in February 2024, the SEC's new administration decided to shelve such aggressive crypto lawsuits, and the charges against Sun were dropped. This development paved the way for Sun's return to the US market.The TRON network currently has over 310 million international user accounts and an average daily transaction volume exceeding $20 billion. According to Justin Sun, TRON aims to transform global payment systems by providing low-cost and fast transfer capabilities. In this context, the newly established Tron Inc. is expected to expand the TRON protocol to a broader user base in the U.S. market.
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16 Jun 2025
Trump's Media Company Files ETF Application for Bitcoin and Ethereum
Truth Social, US President Donald Trump's media venture, has taken a bold step into the cryptocurrency market. The platform, which operates under the Trump Media & Technology Group umbrella, officially filed an application with the US Securities and Exchange Commission (SEC) on June 16, 2025, for a Bitcoin and Ethereum ETF (exchange-traded fund).Bitcoin and Ethereum ETF application from Truth SocialAccording to the application filed by Truth Social, investors will be offered direct exposure to both Bitcoin (BTC) and Ethereum (ETH) assets. The fund, which is planned to be traded on the NYSE Arca exchange under the ticker symbol B.T., will allocate 75% of its investment portfolio to Bitcoin and 25% to Ethereum. The fund is sponsored by Yorkville America Digital, a New Jersey-based crypto asset firm. Custody services will be provided by Crypto.com. Devin Nunes, CEO of Trump Media & Technology Group, which owns Truth Social, described the new ETF application as part of the company's digital finance vision. In his statement, Nunes said, “At Trump Media, we continue to aggressively develop our products and services. As part of this vision, our Bitcoin reserves are also growing.”This crypto initiative from the Trump camp has resonated not only in the investment world but also in political circles. As recalled, Trump openly supported Bitcoin mining in his 2024 election campaign and argued that the US should become a “crypto production hub.”The company's strategic approach to digital assets is not limited to the ETF application. Trump Media also announced that it has raised approximately $2.3 billion in capital. This funding was secured from approximately fifty investors through debt financing and stock subscription agreements. In another document submitted to the SEC, it was noted that the company had registered approximately 56 million shares of common stock and 29 million shares of convertible bonds for resale. Devin Nunes emphasized that these financial activities were conducted to support the company's growth strategy and expansion plans.Bitcoin price nears 107,000 dollarsTruth Social's ETF application was also welcomed positively in the cryptocurrency market. According to market data, Bitcoin rose to $106,777, up 1.6% following the news. The market value exceeded $2.12 trillion, while the 24-hour trading volume reached $42 billion. Bitcoin's market dominance is currently at 63.66%. A limited increase was also observed on the Ethereum side. Market players expect a significant upward momentum in both BTC and ETH prices if the ETF is approved by the SEC.An ETF application featuring Trump's name is expected to be particularly influential, especially given the current regulatory process for cryptocurrencies. All eyes are now on the SEC's decision.
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16 Jun 2025
CoinShares Report: Bitcoin, ETH, XRP, Sui, and SOL on the Radar of Institutional Investors
Institutional interest in cryptocurrency markets continues to grow. According to CoinShares' weekly report, demand for crypto asset investment products has not weakened despite geopolitical tensions. This trend, supported by US-based entries in particular, has increased institutional interest not only in leading coins such as Bitcoin and Ethereum, but also in altcoins such as XRP, Sui, and Solana. According to the latest data, investments in cryptocurrencies have reached their highest levels of the year, with some altcoins showing signs of recovery.CoinShares report: Net inflows into cryptocurrenciesDespite geopolitical tensions dampening global risk appetite, cryptocurrency investment products maintained their steady upward trend, earning investors' confidence. According to CoinShares' report dated June 16, 2025, there was a net inflow of $1.9 billion into crypto assets last week. This marks the ninth consecutive week of inflows, with the total inflow since the beginning of the year reaching a record $13.2 billion.When looking at regional data, the United States was, as expected, the country with the highest investor interest. The United States maintained its lead with $1.92 billion in weekly inflows, followed by Switzerland ($20.7 million), Germany ($39.2 million), and Canada ($12.1 million). In contrast, outflows of 56.8 million dollars and 8.5 million dollars were observed in countries such as Hong Kong and Brazil, respectively.Bitcoin and Ethereum investments at the top, XRP and Sui also saw interestBased on asset-based evaluation, Bitcoin remained the main focus of investors with a weekly inflow of 1.325 billion dollars. This strong performance further boosted Bitcoin's total inflows since the beginning of the year to 11.4 billion dollars. Additionally, 3.7 million dollars in inflows were recorded for short Bitcoin products. There was also notable activity in the Ethereum sector. The weekly inflow of 583 million dollars marked the highest level seen since February. Ethereum's total inflows over the past few weeks reached $2 billion, bringing its share of assets under management (AuM) to 14%. In addition to these two major assets, XRP and Sui also regained investor interest with inflows of $11.8 million and $3.5 million, respectively. Solana experienced limited inflows of 1.3 million dollars, while other altcoins like Cardano and Chainlink saw low-volume activity. On the other hand, multi-asset products closed the week in negative territory with -14 million dollars, Chainlink with -0.3 million dollars, and Litecoin with -0.1 million dollars.iShares took the lead, while Fidelity and Grayscale remained in negative territoryOn the fund provider side, iShares stood out with 1.497 billion dollars in inflows from its US-based ETFs, while some major players like Fidelity (-88 million dollars) and Grayscale (-1.659 billion dollars) are still struggling with negative flows. Other providers like Bitwise, ARK 21Shares, and CoinShares XBT have also recorded negative inflows since the start of the year.
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16 Jun 2025
Hong Kong-Listed MemeStrategy Purchased Solana (SOL)!
Institutional interest in crypto assets has been rapidly increasing among both technology and finance companies in recent times. MemeStrategy's 2,440 SOL token investment through Hong Kong is one of the latest examples of this.MemeStrategy completed its Solana purchaseMemeStrategy Inc., Asia's first publicly traded cryptocurrency company, has drawn attention in the crypto world with its investment in the Solana ecosystem. The company, which is listed on the Hong Kong Stock Exchange, purchased 2,440 SOL tokens worth approximately 2.9 million Hong Kong dollars (approximately 372,000 US dollars). The SOL purchase was made through OSL Group, a digital asset platform licensed by the Hong Kong Securities and Futures Commission (SFC).The company, formerly known as Howking Technology Holdings, was recently acquired and restructured by the co-founder of the famous humor platform 9GAG. During this process, the company changed its name to MemeStrategy and shifted its focus from traditional technology to crypto assets, decentralized applications (dApps), and Web3 innovation. In its official statement regarding the SOL purchase, the company emphasized that this investment is part of its long-term vision related to decentralized finance (DeFi) infrastructure and Web3 innovations. The statement noted that MemeStrategy aims to actively contribute to projects in this field.Markets also responded positively to this strategic move. Following the announcement of the SOL token purchase, MemeStrategy's stock price on the Hong Kong Stock Exchange rose by approximately 28%. Companies continue to add cryptocurrencies to their treasuriesMicroStrategy is known for its large BTC purchases since 2020. As of June 2025, it has added 582,000 Bitcoin to its treasury. Meanwhile, in May 2025, GameStop purchased $513 million worth of Bitcoin and added it to its portfolio. Recently, Trump's media company also announced plans to raise $2.5 billion to purchase BTC. Other notable companies include:Upexi, a Tampa-based consumer products company, is preparing to purchase SOL with a $100 million fundraising plan.ATW Partners, a New York-based company, purchased $500 million worth of SOL tokens.BC Bud Co., a Canada-based company, purchased 250,000 CAD worth of XRP to diversify its treasury.As we reported earlier this morning, Japan-based Metaplanet is another company making headlines with its Bitcoin purchases. By buying an additional 1,112 Bitcoin (BTC), it has increased its total Bitcoin holdings to 10,000. With this move, it has surpassed Coinbase Global to become one of the largest institutional investors holding Bitcoin. The company spent 117.2 million dollars on this purchase.
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16 Jun 2025
Sharp Decline in ZKJ and KOGE on Binance Alpha: “Liquidity Crisis” Panic
The crypto markets experienced sharp fluctuations over the weekend. Polyhedra Network's native token, ZKJ, shocked investors by losing 83% of its value in just a few hours following on-chain transactions on June 15. As the ZKJ price dropped from $1.92 to $0.30, the token's market value evaporated by approximately $500 million. At the center of this collapse was another token called KOGE, which was traded alongside ZKJ in connection with the Binance Alpha Points program. The Polyhedra team described the sharp price drop as “abnormal on-chain transactions,” noting that the event was triggered by liquidity withdrawal in the ZKJ/KOGE trading pair. In a statement, Binance explained that the simultaneous withdrawal of ZKJ and KOGE tokens by large wallets resulted in a “liquidation cascade” in the market.KOGE, which is closely related to ZKJ, was issued by the 48 Club DAO in the Binance ecosystem and offered various advantages under the Alpha Points reward program. As the trading volume between the two tokens increased due to these incentives, the sudden sell-off triggered a chain reaction in the system. The KOGE token also fell from $62 to $24 in a similar manner.Liquidity dried up, panic selling beganThe depletion of liquidity in the KOGE/USDT pool played a significant role in the collapse. When investors turned to the ZKJ/KOGE pool as an exit strategy, intense selling pressure formed in the ZKJ/USDT trading pair. According to CoinGecko data, the ZKJ token lost 60% of its value in just 90 minutes, dropping from $1.92 to $0.76. Although it showed a brief recovery, it plummeted again later that day.On-chain analysis indicates that some wallets withdrew significant amounts of tokens to accumulate Alpha Points. One wallet withdrew approximately 60,000 KOGE (approximately $3.7 million) and 273,000 ZKJ (approximately $530,000), while two separate addresses are reported to have sold a total of $5 million worth of tokens. Additionally, the unlocking of 15.5 million ZKJ on June 19 has the potential to further increase selling pressure in the market.Statements from Binance and PolyhedraFollowing the events, Binance announced changes to its Alpha Points calculation system. Starting June 17, transaction volumes between Alpha tokens will no longer be included in the points system. This step aims to prevent similar risks from arising in the markets. As of June 17, 2025, transactions between these two tokens will be considered invalid for points accumulation.The Polyhedra team announced that the situation is being thoroughly investigated and a comprehensive incident report will be published. It was also emphasized that the project's foundations remain solid and the technical infrastructure has not been compromised. However, there is significant distrust within the community. 48 Club DAO has not yet made an official statement.
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16 Jun 2025
LINK Comments and Price Analysis 16 June 2025
LINK Technical AnalysisThere is a descending channel pattern forming since the end of April on the 4-hour LINK chart. The price is trading within the lower part of the channel. It is clear that the price has tested the upper and the lower parts of the channel three times so far. It is not safe to say that the price has reacted from the lower part yet. It is possible that the price might go up to the upper trend area — a fourth test — if the price can hold above the trend support level of $12.30–$12.60, which would technically mean a breakout test. LINK Aşağı Yönlü Kanal We can follow the levels $12.30, $11.40, and $10.25 respectively if the price moves downward; $13.50, $14.80, and $15.70 would be the resistance levels in case of an upward movement.A target can be set based on the breakout direction of the channel. The price of the coin is currently trading around $13, and it is positive for the price to hold above the level of $12.60.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop-loss (SL) in relation to shared transactions.
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16 Jun 2025
LTC Comments and Price Analysis 16 June 2025
Litecoin (LTC) Technical AnalysisThe price of the coin has maintained its long-term ascending channel, which has existed since around 2018, and this channel has always had a determining role on the price of the coin during its ups and downs.The price is currently trading in an area very close to the mid-band of the channel and is struggling to stay above one of the strong support levels — $71.20. The price of LTC has many times reacted from the $63–$71 level, which is a very important detail on the chart. If the price gains momentum and goes up, $99.62 could be the first major resistance ahead. Should this resistance be broken to the upside, the next target could be set to the range of $139–$157, which is both horizontal and the channel’s upper band, and stands out as a very strong technical zone. Rising Channel Structure It might be derived that the area of $63–$69 should be followed as the last defense line should the price of LTC fall below channel support, and this long-term pattern might be at risk if this level gets broken downward.In short, LTC might be offering great potential for long-term holders/investors. A strong rally could start if we see weekly closures above the level of $100.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop-loss (SL) in relation to shared transactions.
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15 Jun 2025
CETUS Comments and Price Analysis 16 June 2025
CETUS/USDT Technical Analysis – At a Very Critical Support LevelOn looking at the chart Cetus, it is very clear that the price of the coin has pulled back to the final support level of $0.0985, which has acted as a very strong demand zone in the past and from which the price has reacted upwards. Yet, the chart indicates that this time things are very different since the price has come to this final support area with great downward momentum. Cetus Current Levels It seems that the sell pressure has gained momentum upon the breaking of the $0.1214–$0.1253 area, and the closures below this level have weakened the technical outlook. We see that $0.0985 is a very critical threshold for the price currently. Should this level get lost, the price might go down to the last line of defense — $0.082–$0.075.However, the initial resistance levels could be $0.1153 and $0.1214, provided that the price reacts from this support level and moves upwards. Also, these resistance levels require a high buy volume to be exceeded, as they have become strong zones.To summarize, the general outlook is weak and the sell trend continues, but it must also be added that a short-term reaction is possible as it is in a support area.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop-loss (SL) in relation to shared transactions.
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15 Jun 2025
PEPE Comments and Price Analysis 15 June 2025
PEPE Technical AnalysisThe PEPE chart has a clear falling wedge formation, and the price of the coin is currently trading around $0.0000111, which is in an area very close to the lower trend band of the wedge. The price has reacted from the lower trend and could stay above the support level of $0.0000108. Falling Wedge Formation It is widely accepted that the falling wedge formation is typically a pattern with an upward breakout target. Buyers are strong below, but the number of contacts with the upper region is fewer than the lower region of the wedge. Therefore, if the price can go above the resistance level of $0.0000121–$0.0000123, the falling wedge formation could break out, and $0.0000163 can be targeted afterward.However, should this falling wedge formation break down, the levels $0.0000099 and $0.0000087 can be followed.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop-loss (SL) in relation to shared transactions.
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15 Jun 2025
LDO Comments and Price Analysis 15 June 2025
LDO Technical AnalysisIn the LDO chart, since the beginning of February, a downtrend that has been coming greets us. Recently, we can say that a symmetrical triangle formation has emerged with the trend structure it has created with higher lows. LDO is stuck in a tight price area. A target can be set based on liquidations through the breakout direction. LDO Symmetric Triangle The $0.78–$0.76 support area, where LDO is priced into, seems to be a support area that is also an important buyer zone. On average, the trend support—in other words, the lower band of the symmetrical triangle—is at $0.76. In a downward breakout, first the $0.70 level, and then the $0.60 area where there are intense liquidations, can be considered as a downward target.For an upward breakout, we can see the $0.92–$0.94 price area as both horizontal resistance and the upper trend resistance of the symmetrical triangle. After the breakout, the $1–$1.10 and $1.23 levels can be followed one by one.These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the user is solely responsible for trading and risk management. In addition, it is strongly recommended to use stop-loss in relation to shared transactions.
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15 Jun 2025
OP Comment and Price Analysis 15 June 2025
Optimism (OP) Technical AnalysisAt the OP chart, the price is under the descending trend for a long time. Now, we see that the price is now touching the liquidation area, which we see as the red channel at the bottom. That means OP can break the descending trend in the short term. OP Falling Trend As we can see on the chart, $0.585–$0.600 is working as a strong support area. The price went up after touching this area, but after it went up, it was rejected by the descending trend line. So, OP is trading in a tight zone where both buyers and sellers are battling. Such structures usually break hard.If we see an upward breakout, the first target could be $0.85–$1.00. This price area is technically a strong resistance. If the price stays above $1.00, the next target could be the $1.50–$2.00 price zone.However, if the current support zone is lost, selling pressure for OP may increase, and there will be a pullback to $0.525. This level is important both psychologically and as the last line of defense.In summary, the decisive moment for OP is approaching. If the downtrend is broken, a strong reaction is possible. But if the support is broken, we may see new lows.This analysis does not constitute investment advice. It focuses on support and resistance levels that may present potential short- to mid-term trading opportunities depending on market conditions. However, all responsibility for trading decisions and risk management lies entirely with the user. The use of stop-loss orders is strongly recommended for any trade setup shared.
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14 Jun 2025
AVAX Comments and Price Analysis 14 June 2025
AVAX Technical AnalysisJust like Solana, on the AVAX/USDT chart, it can be clearly observed that the price has formed a pattern since the beginning of 2024. The price of the coin continues downwards within the narrowing channel pattern, and the price itself stands in the middle band of the channel. AVAX Channel Structure The price is in a critical area in terms of the horizontal support, where the daily support range is $17.22–$18.75. This level has been tested many times before and has found support from here. Remember that each individual test to the support area weakens it, though. As a result, if this level is lost, then the trend may take the price to the trend support, which is $13–$15.However, if the price rises upwards, we have an initial resistance level of $23.8, and exceeding this area will have the target around $33, which is both horizontal and trend resistance.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop-loss (SL) in relation to shared transactions.
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14 Jun 2025
SOL Comment and Price Analysis 14 June 2025
SOL/USDT Technical AnalysisSolana has formed an ascending chart pattern since the end of 2023. Looking at this pattern, we see a wide rising channel formation, in the middle of which the price accumulates. Wide Rising Channel $182–$190 is a strong resistance zone which has been tested twice so far, and from there, the price pulled back to the support level of $142. If the price stays above this level, then we can say that this is a healthy pullback action. Yet, if there comes a daily closure below $136, the price might go down to the levels of $122 and $105, and we have the trend support level of $100.If the price goes up, the target may be the area around $190 and then $218, which is the trend resistance level up.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop-loss (SL) in relation to shared transactions.
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14 Jun 2025
STRK Comments and Price Analysis 13 June 2025
STARKNET TECHICAL ANALYSISThe price of strk/usdt has been moving within the descending channel since March 2024. The trend got confirmation by tests on the upper and lower bands of the channel, and after the reaction received from the last bottom point, it could not break the middle band of the channel, and the price has moved back to the 0.1180's with some sell pressure. The price might want to test the middline of the trend again ifit gets reaction from around $ 0.10 – trend support. Should this level breakdown, it may test $ 0.09, which is the lower band of the channel. STRK Current Channel Structure The price of the coin must reach to resistance levels of $ 0,16-0,17 for an upward recovery after when the new targets $0,21 and then $0,27 can be on the table, however, as long as the descending trend continues, we may see limited upsIt is a must that the upper band of the channel break for a strong and sustainable rise.To summarize , the STRK is still moving in the descending channel and trying to hold on to the support of the channel. A reaction that may come from this region may attract buyers in the short term.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
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13 Jun 2025