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

As of today, the entire crypto market is down by 3.76%, and just yesterday, the S&P 500 index also fell by 2.7%.

At the moment, Algorand (ALGO) seems to be suffering the same fate as it is down by 5.72%. The altcoin has seen a downtrend throughout the whole month so far. As a result, its price dropped from $0.74 to about $0.36.

With regard to ApeCoin (APE), it has been falling on the charts ever since hitting its all-time high in April. The crypto saw an almost 11% drop in price over the last week alone. Over the last 24 hours, APE saw a 3.18% drop in price. On the other hand, it does seem like a trend reversal could be in the cards for APE as bearishness on the Awesome Oscillator has been on the decrease.

Cardano (ADA), on the other hand, has been performing rather well over the last few days, rising by about 40.47% in anticipation for the Vasil Hard. Unfortunately, the crypto did feel the impact of the overall bear market when it dipped by 3.24% over the last 24 hours.

Over the last seven days, AAVE (AAVE) has seen a 10.36% drop in price. It is now looking to regain the $100 support level, which could prove to be difficult.

It does seem like the bullish crossover that has gained momentum since May could invalidate the bearish crossover.

Avalanche (AVAX) continued its downtrend that started in April. Since then, the crypto has lost around 78.26% in value. As of today, AVAX’s is worth $22.30, which is a 7.01% drop in price in 24 hours.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies