Cryptocurrency Market Sees Widespread Losses on June 6

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 06 2026

VVV-8.58%

WLFI-2.431%

XRP-5.013%

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Bitcoin Price Decline: As of June 6 at 10:30 AM KST, BTC fell 3.14% to $61,266.29, indicating a weakening confidence in the cryptocurrency market that could lead to a bearish sentiment among investors.
Ethereum Plummets: ETH experienced a significant drop of 9.18%, reaching $1,591.65, reflecting a sharp decline in demand for Ethereum, which may adversely affect its future market performance.
Other Major Coins Struggle: XRP and SOL dropped 3.99% and 5.61%, respectively, to $1.10 and $64.39, suggesting a general downturn in market sentiment as investors shift towards safer assets amid rising volatility.
New Cryptocurrencies Listed: New cryptocurrencies such as Hbadger, YOM, and Anubis Chain were listed on CoinMarketCap within the past 24 hours, indicating potential opportunities for investors despite the overall market downturn.

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Technical Analysis for VVV

Technical Sentiment Analysis for Venice Token (VVV). As of , Venice Token (VVV) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for VVV stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, VVV is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Venice Token (VVV) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	7.187	10.003	12.702	15.518	18.217	21.033	23.732
Fibonacci	10.003	12.109	13.411	15.518	17.624	18.926	21.033

About VVV

Venice.ai is a private, censorship-resistant generative AI platform for text conversations, image and code generation and AI Character interaction, built on open-source models and powered by decentralized infrastructure. Led by Erik Voorhees and Teana Baker-Taylor, Venice was founded in May 2024, and today supports more than 450,000 users. The Venice token (VVV) combines the benefits of decentralized blockchain technology with generative AI. Users who stake VVV are eligible to receive an ongoing share of Venice.ai's inference capacity through the Venice API. VVV allows autonomous agents and developers to access private, uncensored and decentralized inference, without relying on a human intermediary, which reduces costs and friction for both AI agents and developers. They now have the ability to autonomously access inference via Venice’s private and uncensored API, untethering them from the bias and censorship inherent within closed-source incumbent AI platforms.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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