Cryptocurrencies Price Prediction: Cronos, Bitcoin & Ethereum — Asian Wrap 17 June
|Altcoins to watch this week: Cronos and Toncoin at risk of double-digit crash as bearish signals emerge
Altcoins Cronos (CRO) and Toncoin (TON) are showing signs of weakness this week, as both digital assets close below key ascending trendlines, signaling a potential shift in market structure. The technical outlook and indicators indicate weakening momentum, with a possible double-digit correction for CRO and TON in the coming days. Santiment Supply Distribution data showed that large wallets have been unloading Cronos tokens. The metric shows that the wallets holding between 10 million to 100 million (blue line) CRO tokens have fallen from 1.15 billion to 1.04 billion from Thursday to Tuesday.
Bitcoin’s recovery above $107,000 ignites DeFi rally: PENDLE, AERO, UNI charge forward
Bitcoin (BTC) edges higher above $107,000 at press time on Tuesday after a 1.14% surge the previous day. Kicking off a minor market-wide recovery, Decentralized Finance (DeFi) tokens such as Pendle (PENDLE), Aerodrome Finance (AERO), and Uniswap (UNI) led the rally. Bitcoin marked a 24-hour high of $108,952 on Monday before falling to $106,000. With a minor recovery during the day, BTC holds above $107,000, while a long shadow candle in the 4-hour chart highlights a crucial support at $106,143.
Ethereum Price Forecast: ETH investors resume buying amid strong ETF inflows and low exchange reserves
Ethereum (ETH) briefly crossed above $2,600 on Monday following a switch to accumulation in the top altcoin's exchange reserve and $583 million in inflows into ETH investment products last week. Ethereum resumed bullish action on Monday after its exchange reserve flipped back to a downtrend, declining from 18.72 million ETH on Saturday to an all-time low of 18.57 million ETH over the past 24 hours. As the total value of exchange reserves drops, it indicates rising buying pressure.
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