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PEPE Technical Analysis 📊📈
The rise that started with Bitcoin in the cryptocurrency market has led to significant developments in memecoin projects. Accordingly, Pepe (PEPE) price reached a record high on May 27. Approval of Ethereum exchange mutual fund applications in the US led investors to Ethereum-based memecoin projects. These projects are considered as high-risk reward opportunities.
The Rise of PEPE
PEPE's price rose 7.60% to an all-time high to $0.0001725. The U.S. Securities and Exchange Commission's approval of Ethereum ETF applications on May 20 played a major role in this increase. Other Ethereum-based memecoin projects such as Dogecoin, Shiba Inu and Mog Coin also saw significant increases after this approval. However, it is stated that the ongoing rise in the PEPE market may run out in the coming weeks due to the difference with the daily relative strength index (RSI).
PEPE's downtrend indicates that bullish momentum is weak, signaling a potential price return. This is considered a scenario similar to the 40% drop of memecoin projects in January. PEPE's daily RSI has risen above 70, reaching the overbought zone, which indicates a period of price correction or consolidation.
In the event of a correction, PEPE's price could fall 40% by June to around $0.0000965. This is similar to the price correction before the bearish signal in January. Conversely, an ongoing uptrend could cause PEPE to rise by 32% from current price levels to around $0.00002203.
PEPE's downward technical outlook is getting stronger with the profit-taking activities of its wealthiest investors. This situation causes the PEPE supply, which is in the hands of small investors in the market, to increase. As a result, volatility and uncertainty may continue in the PEPE market.
$PEPE #PEPE #MemeWatch2024 #Analysis
The rise that started with Bitcoin in the cryptocurrency market has led to significant developments in memecoin projects. Accordingly, Pepe (PEPE) price reached a record high on May 27. Approval of Ethereum exchange mutual fund applications in the US led investors to Ethereum-based memecoin projects. These projects are considered as high-risk reward opportunities.
The Rise of PEPE
PEPE's price rose 7.60% to an all-time high to $0.0001725. The U.S. Securities and Exchange Commission's approval of Ethereum ETF applications on May 20 played a major role in this increase. Other Ethereum-based memecoin projects such as Dogecoin, Shiba Inu and Mog Coin also saw significant increases after this approval. However, it is stated that the ongoing rise in the PEPE market may run out in the coming weeks due to the difference with the daily relative strength index (RSI).
PEPE's downtrend indicates that bullish momentum is weak, signaling a potential price return. This is considered a scenario similar to the 40% drop of memecoin projects in January. PEPE's daily RSI has risen above 70, reaching the overbought zone, which indicates a period of price correction or consolidation.
In the event of a correction, PEPE's price could fall 40% by June to around $0.0000965. This is similar to the price correction before the bearish signal in January. Conversely, an ongoing uptrend could cause PEPE to rise by 32% from current price levels to around $0.00002203.
PEPE's downward technical outlook is getting stronger with the profit-taking activities of its wealthiest investors. This situation causes the PEPE supply, which is in the hands of small investors in the market, to increase. As a result, volatility and uncertainty may continue in the PEPE market.
$PEPE #PEPE #MemeWatch2024 #Analysis
What Will Happen in the Crypto Market This Week? 🔎 📊
We came to the last day of the week and had quite busy days. The altcoin king on Monday rose 20 percent as the SEC made a 180-degree return on the spot ETH ETF. BTC exceeded $71,000 and we saw upward movements across altcoins. In the coming days, there will be many important events that concern cryptocurrency investors.
Personal Consumption Expenses data will be the most important agenda topic of this week. On the other hand, since GDP figures triggered serious volatility last month, the data may offset the concerns in the economy within the expectation of the future here. If GDP comes normal, while the economy is shrinking, the story of the Fed's anti-inflation field is getting stuck ends, which will have a positive result for crypto.
Featured Events and Talks
On Monday, May 27:
US Markets Holiday
20:45 Fed/Williams Will Speak
FLOKI Announcement
Solana V1.18
YGG Lock Opening ($8.2 Million)
Tuesday, May 28:
07:55 Fed/Mester and Bowman
16:55 Fed/Kashkari
20:05 Fed/Cook
UK BTC and ETH ETP Listings
On the other hand, the statements and key openings of the Fed members throughout the week may also have an impact on prices.
#altcoins #Market_Update #Analysis
$ETH $BTC
We came to the last day of the week and had quite busy days. The altcoin king on Monday rose 20 percent as the SEC made a 180-degree return on the spot ETH ETF. BTC exceeded $71,000 and we saw upward movements across altcoins. In the coming days, there will be many important events that concern cryptocurrency investors.
Personal Consumption Expenses data will be the most important agenda topic of this week. On the other hand, since GDP figures triggered serious volatility last month, the data may offset the concerns in the economy within the expectation of the future here. If GDP comes normal, while the economy is shrinking, the story of the Fed's anti-inflation field is getting stuck ends, which will have a positive result for crypto.
Featured Events and Talks
On Monday, May 27:
US Markets Holiday
20:45 Fed/Williams Will Speak
FLOKI Announcement
Solana V1.18
YGG Lock Opening ($8.2 Million)
Tuesday, May 28:
07:55 Fed/Mester and Bowman
16:55 Fed/Kashkari
20:05 Fed/Cook
UK BTC and ETH ETP Listings
On the other hand, the statements and key openings of the Fed members throughout the week may also have an impact on prices.
#altcoins #Market_Update #Analysis
$ETH $BTC
🚀 5 BEST COINS TO MAKE YOU RICH
Hi everyone i have on various occasions given a list of some coins with good potential and here is continuation to them, These coins can fetch you good profit in mid term.
1. LUNA 2.0: Luna 2.0 has the potential to touch 2$ easily again. Will post it's detailed analysis once again.
2. Shiba inu :- Shiba inu is forming a bullish pattren it formed previously in history too before going up. Rest u can think urself
3. Xrp :-Xrp has finally Got over the Sec barrier and predictions of this coin are over 1.5$ in Under a year.
4. EGLD :- one of the hidden gem with low
marketcap and good potential, might give 2-3x easily.
5.Doge - Doge is on the purchase list of many as one tweet or indication from Elon can change it all
Tell your fav coin in comments
#Analysis
Hi everyone i have on various occasions given a list of some coins with good potential and here is continuation to them, These coins can fetch you good profit in mid term.
1. LUNA 2.0: Luna 2.0 has the potential to touch 2$ easily again. Will post it's detailed analysis once again.
2. Shiba inu :- Shiba inu is forming a bullish pattren it formed previously in history too before going up. Rest u can think urself
3. Xrp :-Xrp has finally Got over the Sec barrier and predictions of this coin are over 1.5$ in Under a year.
4. EGLD :- one of the hidden gem with low
marketcap and good potential, might give 2-3x easily.
5.Doge - Doge is on the purchase list of many as one tweet or indication from Elon can change it all
Tell your fav coin in comments
#Analysis
You Won't Believe What's Coming (Except Maybe My Followers)
Body:
The crypto world is full of surprises, but on my channel, you'll get the hottest news, wildest predictions, and most importantly - a community of crypto enthusiasts!
Here's what you can expect:
Weekly market insights: Stay ahead of the curve with in-depth analysis to navigate the ever-changing crypto landscape.Hot takes on new coins:
Get the lowdown on promising new projects before they explode.Engaged discussions: Share your thoughts, ask questions, and learn from other crypto lovers.
Ready to join the ride? Follow me and let's make some crypto magic together! ✨
PS Got a burning crypto question? Drop it in the comments below and I'll answer it in my next post!
#Cryptocurrency #Binance #Bitcoin #Altcoins #Community #Analysis #Investment
Body:
The crypto world is full of surprises, but on my channel, you'll get the hottest news, wildest predictions, and most importantly - a community of crypto enthusiasts!
Here's what you can expect:
Weekly market insights: Stay ahead of the curve with in-depth analysis to navigate the ever-changing crypto landscape.Hot takes on new coins:
Get the lowdown on promising new projects before they explode.Engaged discussions: Share your thoughts, ask questions, and learn from other crypto lovers.
Ready to join the ride? Follow me and let's make some crypto magic together! ✨
PS Got a burning crypto question? Drop it in the comments below and I'll answer it in my next post!
#Cryptocurrency #Binance #Bitcoin #Altcoins #Community #Analysis #Investment
Here's a simpler version of the Shiba Inu ($SHIB ) price analysis:
📉 Shiba Inu ($SHIB ) Price Update: Signs of Prices Going Down
📉 Average Transaction Size Dropping:
- The average size of transactions has fallen by half in the last two weeks.
- This might mean investors are feeling less positive about SHIB.
- It shows that the recent rush of buying has slowed down, suggesting people are rethinking their investments.
📉 RSI Still High:
- The RSI (Relative Strength Index) is still high at 81, which could mean prices might drop.
- When the RSI goes above 70, it usually means there's been a lot of buying, and prices might fall.
- Investors see this as a sign that prices could go down soon.
📉 EMA Lines Show Possible Price Drop:
- The short-term EMA (Exponential Moving Average) is getting close to crossing below the long-term EMA.
- This shows that the market isn't moving strongly in any direction, which means there's uncertainty.
- EMA lines react fast to changes in the market, showing where trends might be heading.
📉 Price Prediction: $0.000023 Support Level Important:
- Right now, the price is at $0.000026, just above the support level of $0.000023.
- It could either go up to challenge the resistance at $0.000034 or drop to $0.000020.
- What happens next depends a lot on how the market is feeling and what trends are happening. #SHIBAInsights #MK_Crypto #Analysis
📉 Shiba Inu ($SHIB ) Price Update: Signs of Prices Going Down
📉 Average Transaction Size Dropping:
- The average size of transactions has fallen by half in the last two weeks.
- This might mean investors are feeling less positive about SHIB.
- It shows that the recent rush of buying has slowed down, suggesting people are rethinking their investments.
📉 RSI Still High:
- The RSI (Relative Strength Index) is still high at 81, which could mean prices might drop.
- When the RSI goes above 70, it usually means there's been a lot of buying, and prices might fall.
- Investors see this as a sign that prices could go down soon.
📉 EMA Lines Show Possible Price Drop:
- The short-term EMA (Exponential Moving Average) is getting close to crossing below the long-term EMA.
- This shows that the market isn't moving strongly in any direction, which means there's uncertainty.
- EMA lines react fast to changes in the market, showing where trends might be heading.
📉 Price Prediction: $0.000023 Support Level Important:
- Right now, the price is at $0.000026, just above the support level of $0.000023.
- It could either go up to challenge the resistance at $0.000034 or drop to $0.000020.
- What happens next depends a lot on how the market is feeling and what trends are happening. #SHIBAInsights #MK_Crypto #Analysis
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Thank you Binancian for 21000+ Followers !
#BTC Struggled to Break $25k Zone , Long ratio was high trapped @25k
So market dipped to liquidate longs
I shared many charts Earlier Today I'll Keep on proving daily Value (#Analysis & Important Info about #crypto2023
#zero2hero
#BTC Struggled to Break $25k Zone , Long ratio was high trapped @25k
So market dipped to liquidate longs
I shared many charts Earlier Today I'll Keep on proving daily Value (#Analysis & Important Info about #crypto2023
#zero2hero
Thank you Binancian for 23000+ Followers !
#BTC is ranging between $23k - $24k ✅
Shorts ratio is increasing today as a lot more shorts opening in this range.
Waiting for a break of this range🚀
Today I'll Keep on proving daily Value #Analysis & Important Info about #crypto2023
#BTC is ranging between $23k - $24k ✅
Shorts ratio is increasing today as a lot more shorts opening in this range.
Waiting for a break of this range🚀
Today I'll Keep on proving daily Value #Analysis & Important Info about #crypto2023
#nftcommunity #binancepaymarketplace #keepbuilding #Analysis #BTC - facing some resistance and in between the two channels median lines having the Monthly S/R and MA's as support and the rising channel median line as resistance. Overall IMO a new high should be comin'...
Thank you Binancian for 25,000+ Followers !
#BTC is going to be choppy over the weekend 📈📉
🚀No need to rush into the trades.
we will get many opportunities soon✅
I'll Keep on proving daily Value #Analysis & Important Info about
#crypto2023 #Bitcoin #nftcommunity
#BTC is going to be choppy over the weekend 📈📉
🚀No need to rush into the trades.
we will get many opportunities soon✅
I'll Keep on proving daily Value #Analysis & Important Info about
#crypto2023 #Bitcoin #nftcommunity
Becoming a millionaire is not about Luck, it's about #Hardwork , dedication, and smart investments. Start by setting realistic financial goals and creating a plan to achieve them. Stay focused and disciplined, and never give up on your dreams
#cryptotrading #Analysis #BTC #NFT
#cryptotrading #Analysis #BTC #NFT
Thank you Binancian for 24000 Followers !
#BTC is ranging between $23k - $24k ✅
Ranging last 7 days 📈📉
Waiting for a break of this range🚀 before rushing into the trades.
I'll Keep on proving daily Value #Analysis & Important Info about
#crypto2023 #Bitcon #Binance
#BTC is ranging between $23k - $24k ✅
Ranging last 7 days 📈📉
Waiting for a break of this range🚀 before rushing into the trades.
I'll Keep on proving daily Value #Analysis & Important Info about
#crypto2023 #Bitcon #Binance
