Top Crypto Stocks To Watch Near Key Buying Zones in June: COIN, MSTR, And HOOD

Frank bevah
Updated
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Top Crypto Stocks To Watch Near Key Buying Zones in June: COIN, MSTR, And HOOD

Highlights

  • Crypto stocks increased a bit with wider digital asset market underperformance.
  • COIN, MSTR and HOOD are trading around key support areas.
  • Bitcoin price dynamics could direct the momentum in crypto-linked stocks next.

The crypto stocks showed slight gains in June as COIN, MSTR, and HOOD approached key buying zones. 

The rebound came while the wider crypto market stayed weak, falling 1.86% to $2.45 trillion. Bitcoin price traded below $72,000, while Ethereum remained under $2,000. XRP held near $1.30. Investors now watch whether these crypto stocks can defend support and extend their recovery.

Coinbase Stock Rises After CFTC Futures Approval

Coinbase (COIN) is one of the most promising crypto stocks to monitor around the significant purchasing areas in June. Regulatory news boosted market sentiment, which saw the stock rise by 3.72% and close at $189.

Investor trust increased after the approval of CFTC that enables Coinbase to provide offshore cryptocurrency perpetual futures to traders in the U.S. 

The licensing broadens the derivatives business of Coinbase and could help it achieve future revenue growth. But the general pattern is still wary even though there has been a rebound effort. 

Further coverage followed when JPMorgan CEO Jamie Dimon criticized Coinbase and blocked the CLARITY Act. The traders now wait to see a more solid technical confirmation before anticipating a long-term upward trend.

Is MSTR Stock Preparing For Rebound From Key Support

Strategy stock was among the best crypto stocks to monitor in June around the main areas of buying. MSTR closed at $159 and increased by 4%, although pre-market trading indicated it was weak at about $151. 

The drop came as Michael Saylor reported that his Bitcoin treasury company had sold 32 BTC at approximately $2.5 million. This chart indicates that the buyers can seek a recovery around the support of about 150. Should MSTR possess this zone, then the shares might be aiming at $158 and $165 next. A better break out could open at $175. However, a fall below $150 could expose $145 and $140.

Is Robinhood Stock Still A Buy In June?

Hood stock was one of the best crypto stocks to monitor following a robust surge last week. Robinhood shares closed at $94.30, gaining 11.15% during regular trading. 

Pre-market activity, however, was profit-taking, as the stock declined to $90.13. The pullback was preceded by a sharp rise that drove HOOD towards new annual highs. 

The technical indications indicate that the stock is moving towards an important support level of around $90. Should buyers protect this, HOOD may go next to $93 and $95. Breaking out of the range of above $95 can pave the way to $100. But a failure of holding $90 may lead to decreases to $87.50 and $84.80. 

In conclusion, crypto stocks could continue to trade throughout June as traders observe the support levels, regulatory catalysts, and the direction of Bitcoin. COIN, MSTR, and HOOD are yet to confirm better rebounds.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. What are the top crypto stocks to watch in June?

COIN, MSTR, and HOOD are key crypto stocks to watch near buying zones.

2. Why is Coinbase stock gaining attention?

Coinbase gained after CFTC approval supported its offshore crypto futures expansion.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.