For spot could be a good try, rounding bottom pattern, if we break above of the horizontal level of resistance we could definitely see a very strong move to the upside. 38% profits on spot is possible.
$ETH / $BTC Forming a falling wedge pattern, but guess what? We are looking at the weekly timeframe, the next move once we notice the break-out, is going to be very huge, 57% is the minimum profits we are looking forward to be making. 🚀💹
$ATA / usdt 4 hours time frame. Broken from below of the trend, expecting to see a large continuation to the downside from here. atleast till $0.14 - $0.13
Forming a bearish double bottom pattern, but according to the first 200 EMA retest, strong supports we have above of the neckline, expecting to see reversal to the upside, a fake double bottom liquidating the bears again soon. Here we are just wiping out the late shorters, it's necessary during a bullrun.
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$BTCUSDT Update: Recently went for a very strong pump during the weekend, retested the local 0.618 Fibonacci retracement, expecting to see reversal to the downside from there, seeing a breakout soon might be a bit hard, we are going sideways. If we manage to break from above of the pennant, we will see 69500
$ETH / USDT Update:🚀 On the 1 hour timeframe we are currently giving the first retest of the 200 EMA after a large movement to the upside, which will give us a strong reversal to the upside, otherwise we have to retest 3680 horizontal support which will give us strong longs from there! 🚀
$PEPE market analysis , Richest PEPE investors are dumping ?
PEPE's price surged by 7.60%, reaching an all-time high of $0.00001725. This marks an impressive 88% increase since the U.S. Securities and Exchange Commission (SEC) approved the Ether ETF filings on May 20.
Other Ethereum-standard memecoins, including Dogecoin $DOGE , Shib Inu $SHIB and Mog Coin (MOG), also posted significant gains after the ETF filings approval.
PEPE's bearish technical outlook is further reinforced by the ongoing profit-taking activities of its wealthiest investors.
Notably, during the market uptrend, the supply of PEPE held by entities with balances exceeding 1 billion tokens has decreased. This indicates that these "whales" have been selling at local price peaks. Consequently, the supply of PEPE held by smaller investors has increased.
Nonetheless, there have been individual cases wherein traders have withdrawn millions of dollars worth of PEPE tokens from exchanges after the latest pump, reflecting their intention to hold the memecoin instead of selling it at its current highs. The impact of these withdrawals on the overall whale supply data is yet to be seen, however, which furthers PEPE's correction risks in June.
Why Is $SOL Price Rising? Solana’s recent surge is due to allocating 100% of priority fees to network validators, boosting blockchain security. This move aims to enhance reliability and attract traders. SOL’s price increased by 6.5%, reflecting market confidence in Solana’s infrastructure improvements. The network’s commitment to strengthening its system makes it appealing for investors and traders seeking opportunities for growth.
Factors That Could Drive Solana Price to $200
1. Market Sentiment and Trading Volume of Solana Price $SOL has experienced a notable 13.48% increase in trading volume, totaling $6.62 billion, showing increased trading activity and investor attention. Even with this bullish signal, open interest has dropped slightly by 1.17% to $2.40 billion, indicating a sense of caution from traders. According to Coinglass data, the long/short ratios on major exchanges such as Binance and OKX show a high level of bullish sentiment, especially among top traders who have a strong preference for long positions. This positive outlook is balanced by significant sell-offs, particularly in holdings held for a long period, underscoring the instability of the market.
2. Technical Analysis Overview of Solana Price $SOL technical indicators present a mixed yet cautiously optimistic outlook. The Relative Strength Index (RSI) stands at 54.28, indicating neutral conditions. Most oscillators also signal neutrality. However, the MACD level at 4.96 suggests potential bearish momentum. The moving averages paint a more favorable picture. Short-term EMAs and SMAs are slightly bearish, but the 20-day and longer-term averages are bullish. Notably, the 50-day and 100-day moving averages signal strong buy positions, with the 200-day EMA and SMA far below the current price, reinforcing a long-term bullish trend.
3. Memecoin Mania and Ecosystem Growth A significant factor driving Solana price recent rally is the explosive growth in its memecoin sector. Leading Solana-based memecoins like Dogwifhat (WIF), Bonk (BONK), BOOK OF MEME (BOME), and Popcat (POPCAT)
The Notcoin price is chopping sideways on the four-hour timeframe after a rejection from the $0.009930 roadblock. However, with the Relative Strength Index (RSI) holding above the mean level of 50, at 67, the odds continue to favor the upside.
The Awesome Oscillator (AO) is also in positive territory. This implies a bullish momentum in the Notcoin price. Traders and analysts often interpret this as a signal that the buying pressure is stronger than selling pressure in the short term.
With this, the Notcoin price could still climb, shattering the $0.009930 blockade to potentially record a new peak.
On the other hand, with the AO flashing red, it is impossible to ignore the presence of the bears or sellers in the NOT market. If bullish momentum wanes, the bears could easily take over. A slip below the $78.6% Fibonacci retracement level of $0.008786 could trigger panic selling.
This would send the Notcoin price to find the next support level at 61.8% at $0.007887.
In a dire case, the downtrend could extend to the 50% Fibonacci placeholder of $0.007256, below which the bullish thesis would be invalidated.
Even as the Notcoin price action indicates waning NOT token euphoria, casino token DICE is going from strength to strength, and YouTuber The Crypto Mark says it could be the next 100X crypto gem.
$BTCUSDT Update: Currently retesting horizontal level of support with a bullish momentum. Expecting to see some reversal to the upside here, this scenario will only be cancelled if we break below. $BTC