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Top Altcoin Gainers and Losers in the Second Week of June 2024

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This past week, the cryptocurrency market has experienced mixed sentiments. While some assets have soared to new highs, others have plummeted to new lows.

Over the past week, Oasis (ROSE) and Toncoin (TON) have emerged as top-performing altcoins. In contrast, Floki (FLOKI) and Wormhole (W) have experienced the most declines during the same period.

Oasis (ROSE) Climbs to a Two-Month High

The price per Oasis (ROSE) token has risen by 8% in the last week. The altcoin currently trades at $0.12, its highest price since April 8.

Currently, the altcoin is above its 20-day Exponential Moving Average (EMA). This moving average tracks the token’s average price over the past 20 days.

When an asset’s price rests above this level, it signals a spike in buying pressure. It is a bullish signal which suggests that the asset’s current value is higher than its average price in the past 20 days.

ROSE’s Aroon Up Line was 85.71%, confirming the current uptrend. This indicator identifies an asset’s trend strength and potential price reversal points.

When an asset’s Aroon Up line is close to 100, it indicates that the uptrend is strong and that the most recent high was reached relatively recently. 

Oasis Analysis. Source: TradingView
Oasis Analysis. Source: TradingView

If this trend is maintained, ROSE’s value may surge by 8% to trade at $0.13. 

Oasis Analysis
Oasis Analysis. Source: TradingView

However, if invalidated, it will dip to sell at $0.11 

Toncoin (TON) Bulls Take Charge

The price of Toncoin (TON), the cryptocurrency linked to the popular messaging app Telegram, has soared by 5% in the past seven days. TON’s daily trading volume has also spiked during the period under review.

As of this writing, TON’s trading volume totals $517 million. The last time the altcoin’s daily trading volume was this high was May 16.

According to TON’s Directional Movement Index (DMI), the bullish sentiment trailing the altcoin is significant. Readings from this indicator show its positive directional index (green) resting above its negative index (red).

An asset’s DMI identifies the direction and strength of a trend. When the positive index lies above the negative index, it confirms the market’s uptrend and suggests that buying momentum exceeds token sell-offs.

TON’s positive Elder-Ray Index confirms its bullish bias. This indicator identifies the direction of an asset’s price trends and potential buying or selling opportunities in the market. 

When its value is positive, it is a bullish signal, which suggests that token accumulation outpaces distribution

Toncoin Analysis. Source: TradingView
Toncoin Analysis. Source: TradingView

If bullish sentiment continues to grow, TON’s price might rally above $8.05.

Read More: What Are Telegram Bot Coins?

Toncoin Analysis
Toncoin Analysis. Source: TradingView

However, if traders begin to take profit and TON sell-off spikes, its price might plummet to $7.05.

Floki (FLOKI) Leads From Behind

Popular meme coin Floki (FLOKI) is the top altcoin with the most losses in the last week. Exchanging hands at $0.00021 as of this writing, the price of the dog-themed token has dropped by 32% in the past seven days

Its price fall is partly due to the significant whale outflows it witnessed last week. For context, on June 12, FLOKI’s large holder outflow totaled 253 billion FLOKI, valued at $53 million at current market prices. 

Floki Large Holder Outflows
Floki Large Holder Outflows. Source: IntoTheBlock

The meme coin last recorded outflows this high on March 9.

If the demand for FLOKI continues to dip, its value may fall to $0.00020.

Read More: What Are Meme Coins?

Floki Analysis. Source: TradingView
Floki Analysis. Source: TradingView

However, if whale activity sees a resurgence and the general sentiment toward the altcoin turns positive, its price might climb to $0.00022.

Wormhole (W) Puts a 30% Hole in Investors’ Profits

W, the native token of the cross-chain bridge Wormhole, has seen its value drop by 30% in the past seven days. It currently trades at $0.48.

At its current price, the altcoin trades below its 20-day EMA (blue) and its 50-day Small Moving Average (orange).

When an asset’s price trades below these moving averages, it confirms the market downtrend and suggests that the overall trend for the past few months has been negative. Traders often consider this a sign to sell their holdings or open short positions. 

If traders intensify their W distribution efforts, its price may drop to $0.46.

Wormhole Analysis
Wormhole Analysis. Source: TradingView

If the trend is reversed and buying momentum increases, the altcoin may rally to $0.51

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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This is Why PumpSwap Brings Pump.fun To the Next Level

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Since launching PumpSwap, token launchpad Pump.fun has resumed its position as a top-level protocol by fees and revenue. It saw over $2.62 billion in volume in less than two weeks, signifying high market interest.

Nonetheless, the meme coin sector as a whole has been more volatile than usual lately. PumpSwap is an attractive new option, but it still needs to stand the test of time.

Pump.fun Surges with PumpSwap

Pump.fun, a prominent meme coin creation platform, recently suffered some difficulties in the market. Facing lawsuits and criticism from the industry, the platform’s revenue had been declining in 2025. However, since launching PumpSwap, Pump.fun’s income has rebounded, making it one of the largest protocols by fees and revenue.

Pump.fun Ranking by Fees and Revenue
Pump.fun Ranking by Fees and Revenue. Source: DefiLlama.

PumpSwap is a decentralized exchange on Solana’s blockchain, and it has grown very quickly since its launch less than two weeks ago. It has already managed over $2.62 billion in trade volume, although its daily volume fell over the weekend. Pump.fun’s cofounder spoke highly about PumpSwap, calling it a “crucial step that will help grow the ecosystem.”

PumpSwap Trade Volume
PumpSwap Trade Volume. Source: Dune.

Pump.fun’s overall revenues were declining before it launched PumpSwap, and they have since jumped back up. However, it’s important to not overstate the new exchange’s success. The exchange’s total fees collected have skyrocketed compared to Pump.fun, but the actual revenue growth has been comparatively small.

Pump Fees and Revenues
Pump Fees and Revenues. Source: DefiLlama.

Still, these low fees also have significant advantages. Demand seems to be drying up in the meme coin sector, but Pump.fun faces stiff competition in the form of firms like Raydium, using low fees as a competitive edge. It has also promised things like revenue sharing with token creators to promote ecosystem growth.

Ultimately, the meme coin market as a whole is full of uncertainty. PumpSwap has been able to keep Pump.fun competitive as a top-level platform in this space, giving it a welcome reprieve. The real challenge will come in determining long-term viability.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Hedera (HBAR) Bears Dominate, HBAR Eyes Key $0.15 Level

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Hedera (HBAR) is under pressure, down roughly 13.5% over the past seven days, with its market cap holding at around $7 billion. Recent technical signals point to growing bearish momentum, with both trend and momentum indicators leaning heavily negative.

The price has been hovering near a critical support zone, raising the risk of a breakdown below $0.15 for the first time in months. Unless bulls regain control soon, HBAR could face further losses before any meaningful recovery attempt.

HBAR BBTrend Has Been Turning Heavily Down Since Yesterday

Hedera’s BBTrend indicator has dropped sharply to -10.1, falling from 2.59 just a day ago. This rapid decline signals a strong shift in momentum and suggests that HBAR is experiencing an aggressive downside move.

Such a steep drop often reflects a sudden increase in selling pressure, which can quickly change the asset’s short-term outlook.

The BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using the position of price relative to the Bollinger Bands. Positive values generally indicate bullish momentum, while negative values point to bearish momentum.

HBAR BBTrend.
HBAR BBTrend. Source: TradingView.

The further the value is from zero, the stronger the trend. HBAR’s BBTrend is now at -10.1, signaling strong bearish momentum.

This suggests that the price is trending lower and doing so with increasing strength, which could lead to further downside unless buyers step in to slow the momentum.

Hedera Ichimoku Cloud Paints a Bearish Picture

Hedera’s Ichimoku Cloud chart reflects a strong bearish structure, with the price action positioned well below both the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen).

This setup indicates that short-term momentum is clearly aligned with the longer-term downtrend.

The price has consistently failed to break above these dynamic resistance levels, signaling continued seller dominance.

HBAR Ichimoku Cloud.
HBAR Ichimoku Cloud. Source: TradingView.

The future cloud is also red and trending downward, suggesting that bearish pressure is expected to persist in the near term.

The span between the Senkou Span A and B lines remains wide, reinforcing the strength of the downtrend. For any potential reversal to gain credibility, HBAR would first need to challenge and break above the Tenkan-sen and Kijun-sen, and eventually push into or above the cloud.

Until then, the current Ichimoku configuration supports a continuation of the bearish outlook.

Can Hedera Fall Below $0.15 Soon?

Hedera price has been hovering around the $0.16 level and is approaching a key support at $0.156.

If this support fails to hold, it could open the door for further downside, potentially pushing HBAR below the $0.15 mark for the first time since November 2024.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView.

However, if HBAR manages to reverse its current trajectory and regain bullish momentum, the first target to watch is the resistance at $0.179.

A breakout above that level could lead to a stronger rally toward $0.20 and, if momentum continues, even reach $0.215. In a more extended bullish scenario, HBAR could climb to $0.25, signaling a full recovery and trend reversal.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Coinbase Tries to Resume Lawsuit Against the FDIC

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Coinbase asked a DC District Court if it could resume its old lawsuit against the FDIC. Coinbase sued this regulator over Operation Choke Point 2.0 and claimed that it’s still refusing to release relevant information.

Based on the information available so far, it’s difficult to draw definitive conclusions. The FDIC maintains that it responded to its opponents’ questions truthfully, though it has shown delays in the past.

Coinbase vs the FDIC

Coinbase, one of the world’s largest crypto exchanges, has been in a few fights with the FDIC. The firm has been pursuing the FDIC over Operation Choke Point 2.0 for months now, and has achieved impressive results. Despite this, however, Coinbase is asking the DC District Court to resume its litigation against the regulator:

“We’re asking the Court to resume our lawsuit because the FDIC has unfortunately stopped sharing information. While we would have loved to resolve this outside of the legal system – and we do appreciate the increased cooperation we’ve seen from the new FDIC leadership – we still have a ways to go,” claimed Paul Grewal, Coinbase’s Chief Legal Officer.

The FDIC has an important role in US financial regulation, primarily dealing with banks. This gave it a starring role in Operation Choke Point 2.0, hampering banks’ ability to deal with crypto businesses. However, it recently started a pro-crypto turn, releasing tranches of incriminating documents and revoking several of its anti-crypto statutes.

Grewal said that he “appreciated the increased cooperation” from the FDIC but that the cooperation stopped weeks ago. According to Coinbase’s filing, the FDIC hasn’t sent any new information since late February and claimed in early March that the exchange’s subsequent requests were “unreasonable and beyond the scope of discovery.”

On one hand, the FDIC has previously been slow to make relevant disclosures in the Coinbase lawsuit. On the other hand, Operation Choke Point 2.0 sparked significant tension within the industry, and a determined group is now aiming to significantly weaken the regulatory bodies involved.

Until the legal battle continues, it’ll be difficult to make any definitive statements. The FDIC will likely have two weeks to respond to Coinbase’s request.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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