Technical Analysis

Solana (SOL) has slipped under the lower bound of its multi-month range, after closing at $74.23 on June 2. Although SOL has fallen 9.56% since early May versus Bitcoin's 12.09% drop, the breakdown below $76.7 shifts the focus to a potential move toward $67.5, with $80 flagged as a near-term invalidation level.

Bitwise Europe says bitcoin is trading about $150,000 below a model-implied fair value of roughly $224,000, while May price action saw a move to $83,000 before sliding back to $72,000. The report links the reversal to $1.031 billion in global Bitcoin ETP outflows in the month's second half and highlights long-term holders at a record ~14.85M BTC (74.3% of supply), with $78,000–$85,000 framed as a key control zone.

On 3 June 2026, CoinGlass data showed 185,298 traders were liquidated over 24 hours for $939.87M, with $755.95M coming from long positions. Major coins fell over the same period, including BTC down 2.37% to $65,401, while BNB, ETH, and ADA each slid more than 5%. The liquidation mix stayed long-heavy in shorter windows as well, with a 4-hour total of $149.69M and ETH liquidations ($56.23M) exceeding BTC ($27.70M).

Worldcoin (WLD) rose more than 29% in 24 hours and 51% over the week as roughly $1.7 billion in leveraged positions were liquidated across crypto. WLD's daily trading volume topped $1 billion while Bitcoin fell to $66,000 and Ethereum dropped below $2,000. A scheduled July 24, 2026 issuance change is set to cut daily new WLD supply by about 43%.

XRP fell to a 15-week low of $1.18 before rebounding to around $1.20–$1.21, after a break of the $1.25 support level on 205.7 million XRP in volume. The token was described as trading in the $1.21–$1.26 range, down 2% over 24 hours and 7% over seven days, with key resistance cited at $1.32, $1.36, and $1.38. Analysts also flagged exchange-supply contraction signals alongside weak momentum, warning that a close below $1.18 could deepen the pullback.

Dogecoin (DOGE) fell more than 5% on Wednesday as selling pressure persisted, but Alphractal says price is hovering near a historical accumulation area around $0.10–$0.11 based on its CVDD Channel model. The firm argues prior appearances of a similar setup (late 2014, mid-2020, mid-2023) preceded major rallies, and its Alpha CVDD upper band currently sits near $0.85. Separately, analyst Ali Martinez said the TD Sequential indicator printed a buy signal, as other observers pointed to a possible breakout.

Bitcoin fell below $67K after breaking down from a bear-flag setup, trading at $66,767 and posting -1.87% over 24 hours and -10.85% over the past week. Analysts highlighted potential downside support around $38K–$43K, while traders also debated whether the $66K–$67K zone can hold as a key decision level.

On 3 June 2026 at 17:30, a review of Bitcoin's past market cycles outlined how far BTC has fallen from peak to bottom, highlighting major drawdowns in 2013 (about 87%), 2017 (about 84%), and 2021 (about 77%). It also argued the 2025 cycle has been reshaped by spot Bitcoin ETFs approved on January 10, 2024, with trading starting January 11, alongside halving dynamics that historically influence cycle timing.

Prediction-market positioning suggests XRP is most likely to finish June around $1.40, despite recent downside pressure that threatens the $1 level. The $1.40 outcome carries a 34% probability, while $1 has 15% and $1.60 stands at 7%. XRP was last quoted at $1.24, down 1.6% in 24 hours and 6.6% over the week.

Bitcoin (BTC) traded at $67,093.55 (-3.58%) as Microsoft’s June 2, 2026 Majorana 2 quantum-chip reveal revived debate over whether future quantum computers could pressure crypto security assumptions. The chip is described as 1,000 times more reliable than its predecessor with average qubit lifetimes of 20 seconds and peaks nearing 1 minute, while traders watched $66,000 support and the $70,000 breakout level.