PEPE price targets its highest level since May 2024
PEPE price has been on a strong rally, climbing nearly 60% over the past seven days. The bullish momentum has been fueled by positive technical indicators, including supportive EMA lines and a healthy RSI level.
However, some signs suggest that while buyers remain in control, the intensity of the uptrend may be starting to moderate.
PEPE’s Relative Strength Index (RSI) is currently at 60.56, down from nearly 80 just a few days ago. This decrease indicates that the buying pressure has eased significantly after reaching overbought conditions.
PEPE’s EMA lines are currently displaying a very strong bullish configuration, with short-term EMAs positioned above long-term EMAs, and the price sitting comfortably above all of them.
If the uptrend continues, PEPE could test its next resistance at $0.00001580. Should this resistance be broken, the price could potentially climb to $0.00001726, which would be its highest level since May—a move representing a possible 30.85% increase.
However, if the bullish momentum fades and selling pressure emerges, PEPE price could correct down to a support level of around $0.00001084.
If this support fails, the price could drop further to $0.0000089, marking a potential 32% decline from current levels.
Solana Meme Coin PNUT Enters Top Cryptos List After 150% Rally
Peanut the Squirrel (PNUT), a new meme coin on the Solana blockchain, has experienced an astonishing 2,000% increase in price within a week.
Since its recent launch, PNUT has quickly gained traction, marking it as one of the top-performing tokens this week. As PNUT continues its remarkable rally, it has now reached another milestone in market value.
PNUT’s recent rally has propelled it into the ranks of the top 100 crypto assets by market cap. With its market cap surpassing $1 billion, PNUT has already outpaced established tokens like Algorand (ALGO), Raydium (RAY), and Bitcoin SV (BSV). The token’s listing on Binance has further fueled its growth, making it accessible to a broader audience and enhancing its market momentum.
The meme coin’s quick rise in market value speaks volumes about its impact. As it climbs the ranks among established cryptocurrencies, PNUT’s growth highlights the influence of market trends and listings on its performance. This high market cap and prominent listing reinforce its momentum and validate investor interest.
PNUT’s price soared by 154% on Wednesday, adding to the week’s gains and bringing its trading price to $1.15. This rise is a key part of the ongoing rally that has pushed the token’s gains to nearly 2,000%, showing no signs of slowing.
With the current meme coin market booming, PNUT could capitalize on this momentum, potentially reaching $2.00 if investor interest holds steady. This target remains attainable if market demand continues to support the coin’s upward trajectory.
However, if investors decide to book profits, PNUT’s price could face a pullback. Profit-taking could erase some of the recent gains, reflecting the volatility often seen with new meme coins.
Dogecoin (DOGE) has sustained its strong upward trend for a fourth day in a row, climbing 48% in the past 24 hours, which has reignited conversations about the possibility of the coin hitting a $1 price target.
DOGE surged past 41 cents early Tuesday, marking its highest level since May 2021, when it reached a peak of just over 70 cents. Over the past week, the cryptocurrency has delivered a return of more than 103% to investors and nearly tripled in value over the last 30 days, according to data.
Coinglass data states thar DOGE experienced over $131 million in total liquidation. These liquidations were the most significant for the dog-themed cryptocurrency this year, with open interest approaching an all-time high set in April.
The current rally has been largely led by positive sentiment surrounding the influence by tech entrepreneur Elon Musk during the Trump administration.
Dogecoin has experienced a significant upward trend in recent days, gaining momentum after breaking through the $0.25 resistance level. However, sellers strongly defended the $0.44 level, creating a strong rejection. As of writing, DOGE price trades at $0.39, increasing by over 1.6% in the last 24 hours.
The lengthy wick on the November 11 candlestick indicates that bears are attempting to halt the ascent at $0.44. If the buyers can maintain their position against the bears, the DOGE/USDT pair might continue its climb towards $0.4. Interestingly, buyers have successfully defended the $0.34 level, creating a strong rebound.
However, if the buyers struggle to push the price above $0.4, a correction could occur, potentially pulling the pair back down to $0.32, and possibly retesting the breakout level at $0.25. It will be crucial for buyers to defend this level to preserve the upward momentum.
🚀XRP hits 8-month high, but the selling may be coming.
XRP price recently saw a significant surge, rallying by 40% and reaching an 8-month high. However, the rally appears to be losing momentum, as XRP now faces a potential pullback. This retreat is largely due to emerging selling signals among investors, signaling a possible shift in sentiment.
On the chart, the overbought RSI indicates that XRP’s bullish momentum may be losing steam, and a price correction could follow. With the current conditions suggesting saturation, XRP’s price may struggle to maintain its recent highs. This technical indicator further confirms that XRP could be at risk of a pullback on the daily chart, likely affecting short-term investor sentiment.
Despite its recent 40% rally, XRP was unable to close above the 8-month resistance level at $0.73. As a result, the altcoin has already faced a 6% decline, signaling a possible correction phase in the near term.
XRP’s next likely support sits at $0.61, a level that has held as support previously. If selling pressure intensifies, however, XRP may fall further to $0.56, signaling deeper corrective action as investors secure profits.
The only way to invalidate the bearish outlook is if XRP reclaims $0.66 as a solid support level. Achieving this would set the stage for another attempt to breach $0.73, potentially renewing bullish momentum for the altcoin.
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Solana (SOL) hits $220, and trend is going way higher.
The SOL price has entered the last phase of the bull run that may accomplish after completing the parabolic recovery. The rebound from the 2023 lows was the breaking point for the rally that constantly formed bull flags and later surged towards the next resistance. Currently, the price has broken above a major bull flag after multiple bullish attempts. Hence, the token is expected to keep up the trend and rise above the crucial resistance zone between $251 and $257.
The technicals have turned in favour of the crypto with the RSI close to enter the overbought zone while the DMI continuing with the bullish trend. Hence a rise over $250 appears imminent that may assist the Solana (SOL) price rally to mark a new ATH at around $275 to $280 this month.
🚀Market is going parabolical! So far three cryptocurrencies updated all-time highs today:
- Bitcoin (BTC) Bitcoin has maintained a week-long streak of hitting new all-time highs, with the latest peak at over $84,000.
Investor optimism has set the next target for Bitcoin at $85,000, a critical psychological support level. With a 6% increase over the past 24 hours, Bitcoin could rise another 4% to reach this milestone, reinforcing bullish sentiment in the crypto space.
- cat in a dogs world (MEW) MEW has followed Bitcoin’s recent momentum, reaching a new all-time high of $0.0120. Up by 27% in the past 24 hours, the cat-themed meme coin is showing signs of continuing its uptrend as investor interest grows.
Despite MEW’s strong rally, its status as a meme coin means it faces the constant risk of short-term selling or long-term holder (LTH) profit-taking at its peak. This could lead to a potential price dip as traders secure gains, impacting the coin’s recent rise.
- SUI SUI’s price surged by 20% over the past two days, reaching a new all-time high of $3.30. This marks the third ATH for SUI in the last week, reflecting sustained investor optimism and strong momentum for the altcoin as it attracts increasing attention in the market.
While investors remain optimistic about SUI’s potential for continued growth, the possibility of profit-taking could put pressure on the price. Such activity may cause a gradual pullback as traders secure gains, potentially cooling off the recent rally if selling intensifies.
DOGE hits three-year maximum. But will the bullish trend endure?
Leading meme coin Dogecoin (DOGE) has experienced a remarkable price surge in the past few days. It currently trades at $0.28, recording an 88% price uptick in the past seven days.
This significant uptrend has propelled DOGE ahead of Ripple’s XRP in terms of market capitalization. With strengthening buying pressure, the meme coin is poised to extend its gains.
The Super Trend indicator tracks the overall direction and strength of an asset’s price trend. It shows a green line during uptrends and red during downtrends.
Sustained demand for the meme coin could soon push it past this crucial barrier. A successful breakthrough here would pave the way for a Dogecoin price jump to $0.39 — a high last seen in June 2021.
However, if profit-taking increases, Dogecoin could lose some of its recent gains and potentially drop to $0.19. Failure to establish support at this level may lead to a deeper decline, with DOGE falling toward $0.09.
As the market is buzzing about Bitcoin’s ATH and U.S. elections, I’ve come across a new crypto game. The best part is: this might be one of the most profitable and entertaining projects I’ve ever used.
The game is called Bull Run, and to win in this “run”, you should successfully predict short-term Bitcoin price movement, picking up for “long” or “short”.
The gameplay itself is visualized as a race. Hence, if your Bitcoin prediction comes to life, your in-game character will run faster.
But the true gig of Bull Run lies in rewards. While many crypto games drop the funds only by the end of activity, Bull Run makes it DAILY. 10 best players in a day may be eligible for a total prize pool of 900 USDT, which will be paid off every week in November.
What is more, if you don’t play day by day, you will still be eligible for a monthly reward.
Now, to become the best, you should not play more, as in other games – you should play better. You have to operate with a sharp trading intuition to make as many points as you can.
Quite an entertaining alternative to the trading terminal, isn’t it? Not to mention that you’ll learn about micro Bitcoin movements, which may come in handy in your trading.
Shiba Inu (SHIB) has shown strong bullish signals, recently breaking out from a falling wedge pattern on its daily chart. This breakout suggests a potential shift in momentum for SHIB as it pushes toward higher levels.
At press time, SHIB trades around $0.00001735, up 3.21% over the last 24 hours.
The token now faces immediate resistance at $0.00001911, with a more challenging barrier at $0.00002869. Therefore, a successful breakthrough could confirm sustained bullish momentum.
SHIB’s recent breakout from a descending wedge pattern, a classic bullish reversal, hints at renewed strength. The chart reveals SHIB nearing its first resistance at $0.00001911, and momentum indicators seem to support this upward trend. Should Shiba Inu clear this level, it will then face a stronger barrier at $0.00002869.
Consequently, breaking through both could indicate a longer-term bullish trend, potentially drawing more market interest. However, this setup will need follow-through momentum—can SHIB capitalize on this breakout?
Analyzing SHIB’s Stochastic RSI reveals an optimistic picture. The Stochastic RSI sits at 27 (blue line) and 20 (orange line), hinting at an oversold condition that often precedes a price rebound.
Additionally, the MACD supports this momentum shift. The MACD line is approaching zero, showing early signs of a bullish crossover. Therefore, the combination of the Stochastic RSI and MACD signals points to potential buying pressure.
With strong technical support from indicators like the Stochastic RSI, MACD, and a bullish long/short ratio, SHIB appears poised to continue its upward trend.
If SHIB can break through the critical resistance levels at $0.00001911 and $0.00002869, it is likely to sustain its rally and possibly attract greater market interest. For now, SHIB seems ready to push higher and could solidify its bullish momentum in the near term.
$50K for Harris, $90K for Trump: what happens to Bitcoin after the U.S. election?
The D-Day for U.S. elections is here, and the short-term impact of the outcome on Bitcoin (BTC) could be big.
According to the latest Bernstein outlook, a Harris win could drag BTC to $50K, while Trump’s victory could rally it to a range between $80K-$90K.
The research and brokerage firm cited Harris’s relatively hawkish stance as the reason for BTC’s $50K target.
But if Trump emerges as the winner, the analysts projected that BTC could hit a new ATH, citing the former president’s pro-crypto stance.
Amberdata, a blockchain insights firm, and asset manager Bitwise, echoed the same projection, although with slightly different targets.
According to Amberdata analysts, there could be a $6K-$8K price swing depending on who wins the U.S. elections.
This was consistent with recent action by hedge funds for potential bullish outcomes while covering for likely wild BTC price swings.
Based on BTC’s sensitivity to Trump’s odds on Polymarket, Bitwise analysts found BTC could surge 10% if Trump wins. Conversely, BTC could drop by nearly 10% if Harris wins.
That said, at press time, Deribit data showed options traders were pricing a 21% chance of BTC hitting $80K by the end of November.
When zooming out from the short-term U.S. election noise, BTC’s long-term impact has always been positive in the past three election cycles, with Bernstein projecting $200K by 2025.
Will Dogecoin continue its growth? Let's find out!
Dogecoin (DOGE) has surged by 10% in the past 24 hours, emerging as the top performer among the top 10 cryptocurrencies. This rally follows the November 2 Doge Day celebration, which honored Kabosu, the Shiba Inu behind the original meme and a nod to Elon Musk’s influence on Dogecoin.
The primary catalyst appears to be the traditional Doge Day celebration pump, with the Dogecoin community recently adopting a second Doge Day celebration in Q4 since 2023. Additionally, Elon Musk’s vocal support for US Republican candidate Donald Trump has likely bolstered interest in DOGE, aligning it with the influence Musk holds within the community.
Weeks after the celebration last year, the cryptocurrency’s price went from $0.076 to $0.10. Since the price is increasing now and decoupling from the market, it appears that DOGE could be following a similar pattern.
On the chart, Dogecoin has been forming a bullish flag pattern.
If confirmed, the bullish flag could indicate that DOGE’s price is preparing for another surge, potentially driven by the recent catalysts mentioned above. Should that be the case, Dogecoin’s price might increase by 30% and hit $0.19 from the recent local bottom at $0.15.
On the other hand, external factors like a loss for Donald Trump could trigger a sell-off as Elon Musk’s Dogecoin impact might not be able to help the coin keep its strength. In that scenario, the price might drop to $0.17.
Flash Crashes: ‘The Best Profit Opportunities Ever’ – Insights from RunnerXBT
Originally published on @36Crypto on October 29, 2024
Flash crashes have long become an essential part of the crypto market. So far, their frequency has made them a part and parcel of trading. However, this notion traces back to the very emergence of the market. And still, the roots behind flash crashes remain so obscure that they keep coming in new, undiscovered before patterns. But what if I told you that impossibility to predict is the core reason for flash crashes? And at the same time –
– Scroll The airdrop will likely be based on marks accumulated by various Ethereum addresses. On-chain footprint criteria will also be used to filter out Sybil attackers and bots. As reported by BeInCrypto, 1 billion SCR tokens will be available, with 15% allocated to the airdrop, split into two phases of 7% and 8%.
Despite this, community sentiment around the airdrop appears sour. Concerns have arisen about the team’s ability to offer substantial rewards to over 2 million active addresses. Additionally, speculation suggests that some insiders may have unfairly accumulated large amounts of marks.
– Aptos Aptos has raised $350 million in a fundraiser co-led by Binance Labs, Andreessen Horowitz (a16z), DragonFly Capital, FTX Ventures, and Jump Crypto. Other participants include Coinbase Ventures, Circle, and Multicoin Capital.
With this, it also passes as a potential airdrop with participation involving NFT minting. Aptos released a limited edition NFT to celebrate the second anniversary of the launch of the mainnet.
– WhiteBIT Halloween Gamedrop WhiteBIT has introduced a game, in which you pick up characters to fight 'crypto fears' – from liquidation to phishing.
For the activities, users will receive USDT and BUSDT (for futures trading on the platfrom)
– SupraOracles SupraOracles is airdropping free SUPRA tokens after the Snapshot on October 21. The fundraiser raised $26.52 million, and participants included Coinbase Ventures, HashKey Capital, Animoca Brands, and HTX Ventures.
Users who completed simple airdrop tasks, including participating in the airdrop campaign and completing tasks, can now see the eligible tokens. The users can also select a token claim plan to confirm the token claim method, with participants that fail to choose expected to be enrolled into a 30-month vesting plan automatically.
While TON’s price might have fallen below $5, IntoTheBlock data shows that the token’s Coins Holding Time has increased. Within the last seven days, this metric, which measures the amount of time a cryptocurrency has been held without being sold, is up 142%
Since it increased, it indicates that Toncoin short-term holders believe that a rebound could be close.
From the technical point of view, Toncoin is witnessing a massive rise in the Money Flow.
A continued rise in buying pressure might drive Toncoin’s price up to $6.15.
However, if Toncoin short-term holders opt to sell some assets, this upward trajectory could be disrupted, potentially causing the price to slide back to $4.46.
SUI: Will it hold steady? – price analysis by AMBCrypto
This week, SUI is set to release 64.19 million tokens, valued at over $100 million, as part of a scheduled token unlock. This influx represents 2.32% of SUI’s circulating supply, sparking speculation on how this event may impact the token’s price.
With a current market cap of approximately $4.6 billion and a circulating supply of 2.76 billion tokens, it stands at a critical juncture as it prepares to navigate the effects of this release.
As the 64.19 million SUI tokens become liquid, there is potential for increased selling pressure. This is common during token unlocks when early investors and team members gain access to previously locked assets.
Given that this unlock represents over 2% of the circulating supply, a substantial number of these tokens entering the open market could exert downward pressure on SUI’s price if holders decide to sell.
In the event of a selloff due to the unlock takes place, SUI’s price may test critical support levels. The 50-day moving average at $1.69 serves as the immediate support level.
If breached, it could lead to further declines toward the $1.50 mark, where buyer interest might strengthen.
Historical patterns from previous unlocks indicate that such events can heighten market volatility as traders react to the sudden increase in supply.
If it fails to maintain its current price levels, it may experience a short-term struggle for recovery. Conversely, if it can remain above the 50-day moving average, this could encourage buyers to reenter the market.
Will Solana (SOL) trigger a 15% rise before the month-end?
The rising DEX volumes than Ethereum have made the market participants bullish on Solana’s (SOL) price rally. The growing popularity of the Solana-based memecoins has contributed to the rise in the network activity and eventually the DEX volumes too. Meanwhile, the SOL price remains stuck within a consolidated range and demonstrates the possibility of reaching $200 in the coming days but here’s the twist.
The long-term trade suggests the SOL price is about to repeat a previous trend as the token breached the resistance but is failing to sustain above the gains. The recent drop from the levels close to $180 suggests the bulls are facing some exhaustion, which could remain only for a short time frame.
The weekly chart suggests the price testing the resistance of the decisive symmetrical triangle. In an attempt to breach above the range, the bulls have lost strength but as long as the levels remain elevated above $170, the probability of a rebound remains high. In such as case, a monthly close above the level could trigger a notable rise beyond $200 may materialise in a short while. Besides, in the short term, the selling pressure has increased which has paved the way for a small pullback.
However, a rise above $178 may invalidate the bearish scenario and a rise above $180 could validate a strong ascending trend for the Solana (SOL) price rally.
DOGS price is facing massive bearishness, but the bulls are constantly trying to raise the momentum. After rising from the lows, the price is maintaining a consolidated ascending trend within a symmetrical triangle, which could result in a breakout soon.
The volume has been plunging consistently, suggesting the bears are extracting the profit, which may soon get exhausted. The market sentiments are expected to flip in the coming days, which could revamp a strong ascending trend and break from a decisive phase towards the north. With this, the DOGS price is expected to rise above $0.00081 and, after securing the above newly formed support, the token could head towards $0.001 soon.
WINTER IS COMING: Debunking the myths about crypto winter.
– Myth #1: All assets will be lost. Reality check: Unless you panic sell, your assets don’t vanish. Crypto winter isn’t the end—markets go through cycles. Strong projects tend to bounce back once the market recovers, and some even thrive during these periods. Even seeing WhiteBIT putting it as crypto fear in its latest activity, there is nothing to be afraid about it.
– Myth #2: Recovery is impossible. It may feel like prices will never go up again, but historically, crypto has shown resilience. Bitcoin has survived multiple winters, only to rise to new heights afterward. Patience often pays off.
– Myth #3: The market is dead. A slowdown in hype doesn’t mean innovation stops. Many projects double down on development during winters, laying the groundwork for the next boom. It’s a time of building, not giving up.
–Myth #4: You’re alone. It’s easy to feel isolated when prices drop, but the crypto community is strong and supportive. Everyone faces downturns—what matters is staying informed, not losing hope.
SUI still has potential for the gains, and here's why:
Sui is the most popular layer-1 token, which has displayed immense strength within a short time frame. The price recovered from the losses and also formed a new ATH that displayed the huge confidence of the bulls over the token. Although the price has been facing massive bearish pressure due to increased sell-offs, in the long term, the token is believed to trigger a fine ascending trend.
The SUI price is facing massive upward pressure, which has compelled the price to plunge by over 18% from the highs. In times when a quick rebound is expected, the technicals suggest the price may continue with the prevailing trend and reach the local support at 0.618 FIB at $1.61. The bulls may display some strength and hold the rally above $1.6, which may further trigger a rebound. The DMI, which is close to undergoing a bearish crossover, validates the upcoming downtrend.
However, the volume suggests a fresh influx of liquidity could be fast approaching as it has reached the ground levels after marking the highs. Hence, the bears seem to have extracted their profit that could further allow the bull to thrive and push the price above $3. Meanwhile, the other layer-1 tokens, like SEI, Aptos, & Solana, may also be considered for the upcoming bull run, as the trader’s confidence in the token appears to have remained unchanged regardless of the prevailing bearish influence.