The recent US CPI and PCE data suggest a cooling inflation trend, sparking optimism for a potential rally in Bitcoin, Ethereum, Solana, XRP, and Shiba Inu (SHIB) prices in June. The crypto market is gearing up for a surge, with breakouts expected in the coming days as sentiment improves following the defense against a selloff from $8.2 billion in Bitcoin and Ethereum options expiry.

The US core PCE inflation, a key measure for the Federal Reserve, showed a 0.2% increase in April, slower than the previous month's 0.3% rise and below market expectations. This data, along with the CPI inflation cooling to 3.6%, has been influencing the potential for new all-time highs in Bitcoin prices. The US dollar index (DXY) declined post-PCE inflation data, indicating a possible shift towards a less restrictive monetary policy by the Federal Reserve.

Legendary trader Peter Brandt anticipates an early cup-and-handle formation in Bitcoin's price, with the handle pattern yet to fully form. This pattern suggests a potential breakout in BTC price, with confirmation expected after a breakout from the current downtrend. Altcoins like Ethereum, XRP, Solana, and meme coins like SHIB, FLOKI, and BONK are also poised for potential rallies in June, with ETH traders eyeing a target price of $5000 by the end of the month.

XRP and Solana prices are expected to see upward movements, reminiscent of previous rallies seen before Bitcoin halving events. XRP surged past $0.70 in March, while SOL reached over $200. The meme coin frenzy, particularly with Shiba Inu, is expected to receive a boost, especially with the listing of SHIB perpetuals on Coinbase International Exchange.