June 2025 has become a period of increased interest in the cryptocurrency market, largely due to the strengthening position of Bitcoin and new technical signals.
Bitcoin Signals and Rising Interest in Utility Coins
Bitcoin continues to demonstrate a bullish structure, maintaining higher lows and forming a strong ascending triangle. This fuels interest in utility tokens, especially those showing real technical activity. For instance, Chainlink announces results indicating its price may reach $30.92, while VeChain prepares for the launch of its Galactica network on July 1.
Chainlink Targeting $30.92
Current technical analysis of Chainlink indicates a forming inverse head-and-shoulders pattern, signaling an end to short-term corrections. After testing support at $13.94, the token shows signs of reversal and may hit a target of $30.92. This movement also aligns with increasing trading volumes and interest in Chainlink's functional capabilities.
VeChain Prepares for Galactica Launch
VeChain is preparing to launch the Galactica network on July 1. This upgrade will introduce support for modular smart contracts and is expected to enhance interest in VeChain which aims to extend its capabilities across various industries, including manufacturing and healthcare.
The current dynamics of the cryptocurrency market in June 2025 demonstrate a strong interest in utility tokens like Chainlink and VeChain, thanks to their real-world applications and upcoming updates.
