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WILL EIGEN RETEST $5?? #FollowForMoreInsights The daily chart shows that the EigenLayer price has been in a steep downward trend, falling in the past four consecutive days. The current phase of the downtrend started when EigenLayer token formed a shooting star on Nov. 10. This is one of the most popular bearish reversal signs in technical analysis. #Binanceseason $EIGEN was trading at $2.315 on Friday, a notable level as it was its lowest level on November 3. It has also dropped below the 15-period moving average. #writetoearn On the positive side, it has formed a double-bottom pattern, which is a popular bullish reversal sign. If it works out, it means that the coin will rebound and possibly retest the resistance level at $5, which is 115% above the current level. A drop below the support at $2.31 will invalidate the bullish view and continue its downward trend, potentially to $1.5.
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WILL PEPE COON GO UP?? #FollowForMoreInsights PEPE token that is a picture of a frog and has a low-quality website is worth several billion dollars. Yes, you read that correctly. The token is called PEPE and has taken the crypto world by storm. The token has seen astronomical gains in recent months. In the past year alone, #Pepe saw a growth of over 1000%, but many are wondering when, or if, the fairytale run will end. Let's take a look at what experts and the top AI algorithms are saying about where the price could go in the future in these $PEPE price predictions.#MarketCorrectionBuyOrHODL with most other cryptocurrencies, PEPE’s price is a reflection of market supply and demand. The supply is capped at 420.69 trillion tokens, so the price is exclusively the result of market sentiment. So, with this in mind, it is only possible for PEPE to go up if people continue buying it. For this to happen, the project has to remain relevant as well as support a strong community of HODLers. While the project has been able to do this so far, sustaining it is much more difficult. If the creators can continue to support their users in this way, then PEPE could go up.
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IS RIPPLE STABLE COIN A GAME CHANGER ??(RLUSD) #FollowForMoreInsights Shortly after its launch, the stablecoin briefly started trading at roughly $1.68 due to significant demand as well as a supply shortage. However, its price stabilized, as expected, in a relatively short period of time. Tether (USDT), a juggernaut with a $140 billion market cap, is the biggest stablecoin by a huge margin. Circle's USDC comes in second place with $42.8 billion. Ethena USDe (USDE), a synthetic stablecoin that is powered by the Ethereum blockchain, is in third place with $5.9 billion. #XRPGoal In order to appear among the top 10 biggest stablecoins, RLUSD's market cap would need to surpass half a billion dollars. RLUSD has been pitched as a fully regulated stablecoin, which is supposed to set it apart from some other competitors. Recently, SWIFT veteran Andre Casterman described $XRP (RLUSD) as a game changer for the cross-border payments sector. #writetoearn
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