The cryptocurrency market continues to slump as we enter June. The market experienced a euphoric rally in May. Bitcoin (BTC) climbed to an all-time high of $111,814 on May 22. Ethereum (ETH) also registered massive rallies in early May after the Pectra update. The market has since faced a substantial correction. BTC’s price has fallen to the $104,000 level. Most major assets are trading in the red zone today. The dip could be due to increased outflows arising from investors fearing high volatility. Let’s look at three coins that may rally over the coming weekend.
Top 3 Cryptocurrencies That Could Rally This Coming Weekend
1. Ethereum (ETH)
According to Arkham data, BlackRock has sold Bitcoin (BTC) to stock up on ETH. The move could signal a reshuffling of assets from the world’s largest asset manager. The firm could be expecting some price volatility for BTC. ETH could see a rise in investments over the next few days. The second-largest cryptocurrency by market cap may potentially register a weekend rally.
2. Solana (SOL)
SOL’s price has struggled to breach $190. Even during last month’s rally, SOL’s price climbed to a high of about $186. The popular cryptocurrency has faced a significant price dip over the last few days. There is a high chance that SOL will rebound over the coming weekend. While the asset may not hit $190, we could expect some upward movement.
3. TRON (TRX)
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TRX is one of the few cryptocurrencies trading in the green zone in the daily charts. The cryptocurrency has undoubtedly faced a slight dip over the last few days, but has maintained gains in most of the time frames. The TRX network has also experienced substantial growth over the last few years. If market conditions allow, TRX could continue rallying into the coming weekend.