Top Crypto Performers on June 14: Market Holds Breath as Altcoins Show Mixed Signals

The crypto market on June 14 is slightly bearish as Bitcoin and Ethereum remain under pressure. For instance, during a bearish market, some altcoins such as Akash Network (AKT), Notcoin NOT, and Lido (LDO) have been able to perform well. 

Bitcoin's trajectory has been a roller-coaster, witnessing a slight rebound after dipping to the $65K level. Trading volume reflects a tentative sentiment, with investors reacting swiftly to global economic cues and policy shifts. The key resistance remains at $67K, with support forming near $65K.

Akash Network (AKT)

Akash Network (AKT) has seen a significant increase in its value , rising by 7.47% to the current price of $3.49. The daily chart shows AKT recovering from a recent low and bouncing back at $3.46 mark. The momentum is given by the Exponential Moving Averages (EMAs) with the price currently testing the 50-day EMA at $4.1985 but still below the longer 200-day EMA at $3.8610. This positioning indicates that there may be some form of resistance at these averages that may determine the future direction.

The Stochastic RSI for AKT is in the process of recovering, moving up from the oversold level and currently at 27.33, which could be interpreted as the beginning of buying interest. If AKT can continue to move at the current pace and climb above the 50-day EMA, the next resistance level could be around $4.50. But if the current support level is breached, it could test lower supports around $3.20.

Notcoin (NOT)

Notcoin (NOT)

Notcoin has experienced an increase in price by 5.24% over the past day, with its price fluctuating around $0.01968. The coin has a highly fluctuating trading pattern but has a trend within the upper side of the range observed in the last few days. The Stochastic RSI is at 19.29, which indicates that the price could be close to a turning point or bounce as the indicator is close to oversold territory.

The SAR indicators on the daily chart suggest that the pullback is bearish but the overall trend is bullish. With the current market sentiment and trading volume up, if NOT can hold above $0.019 level, it could target higher resistance levels at $0.020 and potentially $0.022. Conversely, slipping below $0.018 could extend the downtrend towards the support levels of around $0 016.

Lido DAO (LDO) 

Lido DAO gained 4.16% today, with the price at $2.07. It has demonstrated good recovery potential as depicted by the price above the 50-day EMA and heading towards the $2.10 resistance. The Money Flow Index (MFI) at 23.77 points towards a possible undervaluation which may lead to more buying as investors seek to exploit what they consider as an opportunity.

The ADX at 22.80 indicates an upward trend and when combined with the current price action, it is possible that LDO could continue to rise. If Lido DAO can manage to go past the $2.10 mark, the next major resistance is at $2.50. If it cannot sustain the current pace, a retest of the $2.00 support might be imminent.