Altcoin Analysis

The Altcoin Season is highly awaited as it has been nearly seven months since the last time the not-Bitcoin tokens enjoyed gains.
The arrival of the altcoin season has been speculated to be triggered by either institutional investors or the launch of spot Ethereum ETFs.

The price of Toncoin (TON), the cryptocurrency linked to the popular messaging app Telegram, has consolidated within a range since June 15. It has faced resistance at $8.16 and has found support at $6.16. As of this writing, the altcoin trades at $7.39.

The Graph (GRT) price is recovering from multi-week lows, trading at $0.20, but this might be the extent of the recovery.
As GRT holders move to sell their holdings, the price will likely take a hit, resulting in the altcoin losing the recent gains.

The Dogwifhat (WIF), a dog-themed meme coin based in Solana, has continued to trade within a narrow range despite its price uptick in the past week.
Exchanging hands at $2.13, the meme coin’s value has risen by 25% in the past seven days.

The price of Stacks (STX) is making its way back up to where it was before the bearish cues took over the crypto market. 
The investors see the potential that the asset has and change their tone, as does the market.

Injective’s (INJ) price, which is trading at $22, is breaching past a crucial resistance level that is also an important support level. 
While the retail investors are supporting a rise, the whale holders are countering this bullishness.

There has been a gradual resurgence in trading activity in the cryptocurrency market in the past week. This comes after an extended period of consolidation where most traders stayed their hands from executing any significant trades, causing the market to stagnate.

Telegram Coin PAAL AI (PAAL) is noting gains over the last 24 hours owing to the broader market’s bullish cues.
Combined with the increasing participation, the altcoin could see some accumulation at the hands of investors thanks to the rise in buying pressure.

The Mog Coin (MOG) price rallied 35% in the last 24 hours to establish a new all-time high of $0.00000220. This is the second ATH in the last three weeks, with MOG capitalizing on the attack on Donald Trump.
As a result, the Open Interest has seen a 45% growth in a single day, reaching $15.

Toncoin’s (TON) price is looking at gains again as the positive cues make a comeback, particularly that of the investors.
The increasing confidence among TON holders is a sign that the altcoin could chart a new ATH this month.

BONK’s price is struggling to find footing above $0.00002500, which would help the meme coin breach through the next barrier.
On top of that, the altcoin’s investors are exhibiting increasing bearishness, some even leaning towards a price decline.