KUN Market Analysis June 2, 2026 22:00

The current market is a differentiated trend after risk release: Bitcoin fell below 70,000 but still suppresses futures sentiment, ETF outflows, geopolitical conflicts, and large liquidations reduce the success rate of long chasing; but some altcoins are showing counter-trend rallies, indicating funds are switching between short-term strength and weakness. Today, only key levels are considered.

$XRP

Reference price 1.26, down about 2.5% in 24 hours, the intraday low close to 1.26, and both rebounds after losing 1.296 are weak. Support at 1.25/1.235, a break below 1.235 invalidates short-term longs; only consider going long again if it stabilizes above 1.285, with targets at 1.30/1.318, reduce positions near 1.30, stop loss at 1.248. If it rebounds but fails to hold above 1.285, bearish outlook targets 1.25/1.235, with a stop loss at 1.302.

$NEAR

Reference price 2.68, up about 13% in 24 hours, high at 2.74, then hourly decline, indicating a strong coin against the trend but with short-term profit-taking. Support at 2.62/2.54, a break below 2.54 invalidates strong structure; a pullback to 2.62 without breaking can add light long positions, targets at 2.74/2.86, reduce near 2.74, stop loss at 2.51. If volume increases and it stabilizes above 2.74, then chase breakout longs with targets at 2.86/2.98; do not chase high before stabilization.

$PENDLE

Reference price 1.40, up about 5.4% in 24 hours, high at 1.45, low at 1.33, DeFi sector is relatively resilient but there is obvious selling pressure above 1.43 to 1.45. Support at 1.37/1.33, a break below 1.33 short-term weakness; only consider breakout longs if it stabilizes above 1.43, with targets at 1.45/1.50, reduce near 1.45, stop loss at 1.36. If 1.43 repeatedly suppresses, a fall below 1.37 can be shorted to target 1.33/1.30, stop loss at 1.445.

This is only personal trading notes and does not constitute investment advice.