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Yesterday, $PEPE attempted to break through the key SSB level at the 0.618 Fibonacci retracement but failed. Worse, the prices then fell back below the SSB, crossing back down through the Ichimoku cloud, and are currently being supported at the Kijun level. We observe that negative selling volumes are increasing, and the bullish trend line is under attack at the current price levels. Additionally, the RSI is dropping from the overbought zone. Given these factors, we might expect a potential rebound at the 0.786 Fibonacci retracement level. However, if this support doesn't hold—especially since current supports seem unreliable and no positive news is expected today—the prices might stabilize even lower than they are now. Currently, the price is at 0.00001260. The silver lining is that if prices drop further, it could present a new entry opportunity. The main concern is if $PEPE breaks below the major trend line and continues to trade below the Ichimoku cloud on the 4-hour chart. The best-case scenario would be a rebound at 0.786 and a subsequent attempt to break back above the Ichimoku cloud, ultimately overcoming the SSB resistance on a second attempt. Exercise caution and stay vigilant. Today's market may likely be a dull day of range-bound movement or price stabilization, without significant excitement. Feel free to share your thoughts and questions in the comments. #pepecoin🐸 #pepe⚡ #PEPE_EXPERT #TechnicalAnalysis

Yesterday, $PEPE attempted to break through the key SSB level at the 0.618 Fibonacci retracement but failed. Worse, the prices then fell back below the SSB, crossing back down through the Ichimoku cloud, and are currently being supported at the Kijun level. We observe that negative selling volumes are increasing, and the bullish trend line is under attack at the current price levels. Additionally, the RSI is dropping from the overbought zone.

Given these factors, we might expect a potential rebound at the 0.786 Fibonacci retracement level. However, if this support doesn't hold—especially since current supports seem unreliable and no positive news is expected today—the prices might stabilize even lower than they are now. Currently, the price is at 0.00001260.

The silver lining is that if prices drop further, it could present a new entry opportunity. The main concern is if $PEPE breaks below the major trend line and continues to trade below the Ichimoku cloud on the 4-hour chart. The best-case scenario would be a rebound at 0.786 and a subsequent attempt to break back above the Ichimoku cloud, ultimately overcoming the SSB resistance on a second attempt.

Exercise caution and stay vigilant. Today's market may likely be a dull day of range-bound movement or price stabilization, without significant excitement.

Feel free to share your thoughts and questions in the comments.

#pepecoin🐸 #pepe⚡ #PEPE_EXPERT #TechnicalAnalysis

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Introduction to IO.NET IO.NET is a decentralized AI computing and cloud platform that aggregates GPU supply from underutilized sources. IO.NET creates a network that allows machine learning (ML) startups to access nearly unlimited computing power at a fraction of the cost of traditional cloud solutions. The current market capitalization of IO.NET is $480 million. The IO token has been listed on Binance since June 11, 2024. Technical Analysis of $IO 1-Hour Chart: Since IO has been listed on June 11 at 14:00, we are using the 1-hour chart to have enough candlesticks for a meaningful technical analysis. Key Points: High and Low Points: The highest point was reached on June 12, and the lowest point on June 11. Fibonacci Retracement: Used to identify potential support and resistance levels. Current Support: A support level seems to be forming around 4.725. Indicators and Observations Ichimoku: The Tenkan line is attempting to cross above the Kijun line, which would be a bullish signal. RSI: The RSI is in a descending trend from the overbought zone, indicating that selling is occurring and the price of the asset is decreasing as a result. Upward Trend Line: An upward trend line has been drawn, but it is currently only confirmed by two points. Support Levels to Watch 4.725: A key support level to monitor. 0.618 and 0.786 Fibonacci Levels: Observe if these retracement levels hold as support. Conclusion A potential entry point could be considered once the RSI has finished its downward phase on the 1-hour chart. The 4-hour charts currently do not provide enough data to be reliably used. It is crucial to monitor the mentioned support levels to confirm a less risky entry point. #io.net
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Technical Analysis of $NOT It appears that $NOT has now established an upward trend line with three bounce points. Although it is currently still below its Ichimoku cloud on the 4-hour chart, there seems to be sufficient upward momentum for NotCoin to continue its medium-term growth. Positive Indicators: Tenkan and Kijun Cross: On shorter timeframes, the Tenkan has crossed above the Kijun, and prices have also moved above the Tenkan, which is a clear bullish signal. Upward Trend Line: The upward trend line with three bounce points indicates underlying upward strength. Resistances and Scenarios: Potential Resistances: In the short term, there are several potential resistances, such as the 0.618 Fibonacci retracement and the SSB at the top of the Ichimoku cloud. Ichimoku Cloud Breakout: If the bullish trend continues, prices should soon break through the Ichimoku cloud and pass this SSB resistance. Range Scenario: A range scenario within the Ichimoku cloud seems more likely given the current market conditions, despite positive macroeconomic news. Investor confidence needs to return for a significant bullish movement. Recommendation: Neutral Position: Currently, it is prudent to maintain a neutral position. Although there are positive and encouraging signals, it is advisable to wait for a rebound at the 0.618 Fibonacci retracement level before entering a position. Monitor RSI: Also waiting for the RSI to drop from its overbought zone could indicate a less risky entry point. #Notcoin👀🔥 #TechnicalAnalysis #Ichimoku
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