The broader cryptocurrency market maintains risk-off sentiment as Bitcoin lingers above $62,000 at press time on Thursday. The delicate restoration in BTC fails to raise the Concern and Greed Index, which at 15 continues to sign excessive concern amongst buyers. Nonetheless, sure altcoins, Curve DAO (CRV), World Liberty Monetary (WLFI), and Monero (XMR), have emerged as prime performers over the past 24 hours.
Market sentiment stays grounded with Bitcoin beneath $65,000
CoinMarketCap’s Crypto Concern and Greed Index – which measures the prevailing sentiment within the crypto market – is at 15 on Thursday, remaining beneath 20 up to now this week, reflecting excessive concern amongst buyers following Bitcoin’s temporary slip beneath $60,000 on Friday.
Bitcoin trades round $62,200 at press time on Thursday, sustaining a light bearish near-term tone as worth consolidates above the $60,000 psychological threshold following final week’s 14% decline. The 50-, 100-, and 200-day Exponential Transferring Averages (EMAs) act as layered resistance effectively above worth. From a technical perspective, the prior rising trendline, damaged close to $72,263.53, reinforces this overhead provide zone.
That stated, momentum stays weak with the Relative Power Index (RSI) at 27 staying in oversold territory and the Transferring Common Convergence Divergence (MACD) and sign line stay within the unfavourable zone, hinting that bearish strain persists regardless of the stretched situations.
Wanting down, the $60,000 stage stays the important thing notable help; a sustained break would expose deeper losses, whereas holding above this flooring might permit an oversold bounce towards the cited resistance band.
On the topside, preliminary resistance is seen across the $65,000 spherical determine, then the 50-day EMA close to $71,650, and eventually the damaged uptrend line close to $72,264.
Prime Gainers: Curve DAO, World Liberty Monetary, and Monero prolong gains
Curve DAO is up 8% on the time of writing on Thursday, marking its sixth consecutive day of restoration. The broader bias stays capped, with worth holding beneath the 100- and 200-day EMAs at $0.2421 and $0.3045, respectively, regardless of makes an attempt to stabilize above the shorter-term 50-day EMA at $0.2227.
The RSI close to 57 signifies a gentle enhance in shopping for strain, whereas a constructive MACD crossover above its sign line hints at a recovering bullish momentum.
On the topside, instant resistance is positioned on the 50% Fibonacci retracement at $0.2316, measured over the downswing from $0.2931 to $0.1700, adopted by the 100-day EMA at $0.2421.
On the draw back, preliminary help is seen on the 50-day EMA at $0.2227, adopted by the 38.2% Fibonacci stage at $0.1990, appearing as a key medium-term flooring if promoting strain resumes.
World Liberty Monetary maintains a neutral-to-slightly constructive tone because it consolidates above the 50- and 100-period EMAs at $0.0575 and $0.0586, respectively. This positioning suggests dip-buying curiosity is rising.
That stated, mildly bullish momentum helps the restoration try, because the MACD and sign line rise above the zero line, whereas the RSI at 61 holds above the midline.
Preliminary resistance is aligned with the descending trend-line break space close to $0.0605, with a extra important cap on the 200-period EMA round $0.0618, which WLFI should reclaim to unlock a stronger bullish section.
Quick help is seen on the 100-period EMA at $0.0586, adopted by the 50-period EMA close to $0.0575, the place a break decrease would undermine the nascent constructive bias and expose deeper retracements.
Monero trades round $340 at press time on Thursday, following a 7% leap the day gone by. XMR maintains a mildly bearish close to‑time period tone because it stays beneath the 50‑day EMA at $361, together with the 100‑day EMA at $367 and the 200‑day EMA at $367, forming a dense overhead cap.
Momentum readings align with this capped construction, because the RSI hovers round a impartial‑to‑smooth 47 whereas the MACD stays in unfavourable territory, although its newest uptick suggests draw back strain could also be easing moderately than reversing.
On the topside, preliminary resistance is positioned on the 23.6% Fibonacci retracement of the broader downswing at $355, adopted by the 50‑day EMA close to $361.
On the flip facet, structural help is way decrease on the prior swing low round $276.56, with the absence of nearer Fibonacci or transferring‑common flooring suggesting that any renewed promoting might see worth gravitate again towards that base if the present rebound from current lows stalls below the EMA cluster.
(The technical evaluation of this story was written with the assistance of an AI device.)
(This story was corrected on June 11 at 04:10 GMT to say “WLFI” within the first paragraph, not “ELFI” as beforehand reported)
