Book of Meme (BOME): brief price analysis by CoinPedia

The BOME price appears to have withstood the bearish pressure to a large extent. The price has been trading along the lower trend line and the latest upswing has elevated the levels above the local high of $0.012681. Although the selling pressure has risen slightly, the bulls seem to be confident to ignite a fresh bullish spell.

Considering the technical perspective, the RSI has been trading along the lower trend line and is approaching the upper threshold. Besides, the supertrend just turned bullish that suggests the trend has just shifted in bullish favour. Therefore, the BOME price is expected to maintain a healthy upswing and reach the next target of $0.015 in the coming days. 

#pizzaday #altcoins #Memecoins #BOME #solana

$BOME

dogwifhat (WIF) – brief price analysis by CoinPedia

Ever since the token-initiated trade, the bulls have held a tight grip over the rally as the dogwifhat price has maintained an ascending trend. Although the price faced some bearish challenges, the latest upswing raised the levels above the trend. Therefore, the WIF price is now believed to initiate a fresh ascending trend to reach $3.35 soon. 

The WIF price has been trading within a decisive triangle and has reached the apex of the consolidation. The MACD is close to initiating a bullish crossover and entering the positive range, while the RSI continues to hover around the average range. This suggests another influx of bullish volume may propel the price towards the local resistance level between $3.27 and $3.56. If bulls reach and sustain within the zone, then the price may begin with a fresh upswing to mark new highs above $5. 

#pizzaday #altcoins #Memecoins #WIF🔥🔥 #solana

$WIF

Shiba Inu (SHIB) Attracts More Long Trades, Faces Short-Term Decline Risks – analysis by BeInCrypto

SHIB’s futures open interest has trended upward since the beginning of the month. As of this writing, the meme coin’s futures open interest was $89 million, pegged at its highest since April 4. 

SHIB’s funding rate has maintained a positive value, confirming that the rise in its open interest is a bullish sign. 

While SHIB’s futures traders are opening positions in favor of a rally, readings from its price charts hint at the possibility of a short-term decline. 

Firstly, the dots of its Parabolic SAR indicator were atop its price at price time. They have been positioned this way since April 3. 

The indicator gauges an asset’s price direction and potential trend reversals. When its dots appear above the asset’s price, it signals that the current trend is downward and may continue if sentiment fails to improve. 

Also, the coin’s Money Flow Index (MFI) rested below its 50 neutral zone at press time. 44.62 SHIB’s MFI showed that selling pressure exceeded accumulation amongst its traders. 

If this trend continues, the coin’s price may fall from the $0.000026 region and settle at $0.000024.

However, if this is invalidated, SHIB’s value is expected to rise to $0.00003. 

#pizzaday #altcoins #Memecoins #shib

$SHIB

Bitcoin: Why crossing $71.5K is critical for a fresh rally – perspective by AMBCrypto

Bitcoin (BTC) has experienced a significant uptrend over the past week, with a price surge of approximately 12.8%. 

Bitcoin’s 30-minute chart showed that the cryptocurrency recently tested a demand zone without showing signs of upward movement. 

Typically, testing a demand zone suggests an impending upward continuation. However, if Bitcoin fails to maintain this zone, we might see a further drop to the $66,000 levels before the uptrend resumes.

Meanwhile, the analysis of the liquidation heatmap indicated that significant liquidity existed from $73,300 upwards.

This suggested that Bitcoin could potentially surpass its all-time high, with a target of $76,900 as the next peak. 

Liquidation heatmaps are crucial for traders to identify areas of high liquidity, where large liquidations are likely to occur, providing insight into potential price movements.

#pizzaday #ETHETFS #BTC #btc70k

$BTC

Notcoin (NOT) brief price analysis

Notcoin's (NOT) price action is currently on the neutral side, the price fell below the -$0.00811000 horizontal resistance area after previously moving above it.

In the 4 hours time frame, Notcoin is currently indicating bearish RSI reading at 40.

Following its listing on Binance, Notcoin (NOT) is poised for a significant market cap surge, projected to land between $800M and $1.6B. This translates to an estimated price range of $0.008 to $0.016 per NOT token.

Optimistically, if Notcoin (NOT) follows the trajectory of successful projects like MEME, PEPE, prices could potentially soar to around $0.03 by the close of 2024.

#pizzaday #NotcoinLaunchpool #Notcoin👀🔥

$NOT

Pepe (PEPE) price analysis

(note: the post contains data by NullTX)

Pepe initiated a surge from that support and closed strongly above the March resistance level on Monday with a bullish engulfing candle. After retesting the resistance as support the following day, it continued to surge and reached a daily high of $0.00001433.

It rejected the daily high to a current trading price of $0.0000137. This may bring a pullback near the $0.000012 level before resuming the surge. A push above the daily high may facilitate bigger price movements in the future.

The price and volume are currently in disagreement on the daily chart, indicating an imbalance. This could trigger a sharp price retracement if the volume indicator level continues to decline. Nonetheless, Pepe is still looking bullish on the day.

Climbing through several levels in the past weeks, Pepe is now facing resistance at $0.0000143. A daily close above it could allow rally to the $0.000016, and potentially $0.000018 by the end of the week.

The support level to watch for a pullback is $0.0000116. If it fails to produce a rebound, there’s a close level at $0.0000108. Lower supports to consider are $0.0000092 and $0.00000761.

Key Resistance Levels: $0.0000143, $0.000016, $0.000018 

Key Support Levels: $0.0000116, $0.0000092, $0.00000761

#pizzaday #PEPE‏ #altcoins #Memecoins

$PEPE

Bonk (BONK): brief price analysis

(note: the post contains data by CoinPedia)

With a 21% jump last night, the Solana-based meme coin BONK price takes off for a new bull run.

With the breakout rally gaining momentum and an overnight jump of 10%, the meme coin is challenging the 50% Fibonacci retracement level. On a positive note, the golden crossover in the 4H chart increases the uptrend possibility.

As per the Fibonacci levels, the uptrend could hit the $0.00005877 mark or the 1.618 FIbonacci level. 

#altcoins #BinanceLaunchpool #Memecoins #BONK🔥🔥

$BONK

Is Bitcoin going to crash? – perspective by Cointelegraph

BTC price has rebounded by more than 19% three weeks after hitting a two-month low of approximately $56,550, reaching approximately $67,270 on May 20.

However, Bitcoin’s potential to undergo a sharp correction in the coming days is high, based on its recent price action.

Notably, the BTC/USDpair has been trending inside what appears to be a bull flag pattern since March, when it refreshed its record high to around $73,800. As of May 20, BTC's price was testing the flag's upper trendline for a potential breakout.

However, the breakout attempts lack adequate trading volume, thus increasing BTC's possibilities of undergoing a pullback. 
In this case, the next downside target is at the flag’s lower trendline, coinciding with the 200-day exponential moving average (200-day EMA; the purple wave) at around $53,970 by June.

Conversely, a decisive breakout above the flag's upper trendline could have the price rise by as much as the previous uptrend's height, per the rule of technical analysis.

Doing so would send BTC's price toward $84,000 by June, up around 25% from the current price levels.

#btc70k #BTC #bitcoin #bitcoinhalving

$BTC

ETH Soars Past $3K But Will the Sellers Come Back? – analysis by CryptoPotato

Ethereum’s price has faced challenges breaking below the critical $3K support region, with a recent bullish rebound driven by heightened demand near this level.

However, a substantial resistance region looms ahead, potentially halting the current momentum.

An analysis of the daily chart shows that Ethereum sellers have been attempting to push the price below the crucial $3K support region, which aligns with the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels.

Despite these efforts, ETH recently experienced a bullish rebound due to significant demand around this key threshold, reaching the upper boundary of a multi-month descending wedge and the crucial 100-day moving average at $3.2K.

A sudden breach of this critical resistance zone could trigger a surge, with the next target being the $3.4K resistance region. However, the $3.2K resistance region has the potential to halt the upward momentum, as it includes a notable amount of supply. If a bearish rejection occurs, a plummet toward the wedge’s lower boundary becomes imminent.

#ETHETFS #altcoins #eth

$ETH

Pepe (PEPE) follows bull rally – brief analysis by CoinPedia

In the 1D chart, the PEPE price trend shows a massive overnight surge of 24.63% to form a bullish engulfing candle. The sudden jump in the meme coin comes marks a successful retest of the 50% Fibonacci level. 

With a market cap of $4.65 Billion, the PEPE price ranks at 24th position in the crypto world. Further, the $2.24 Billion trading volume with an 182% rise within 24 hours reflects a rise in buying activity. 

Further, the meme coin closed strong last night at $0.00001142. However, the intraday drop of 2.90% reflects a minor correction and exhaustion in buyers. 

In case the bull run continues with the broader market recovery, the uptrend in PEPE price could hit the $0.000019 mark at the 1.618 Fibonacci level. 

#altcoins #Memecoins #pepe

$PEPE

Bitcoin is moving to new heights after crossing $70,000 – analysts

(note: the post contains data by Cointelegraph)

Bitcoin (BTC) price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak. 

Analyst “ELI5 of TLDR” suggested that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in inflows last week, a figure not seen since March.

Should this trend continue, BTC could potentially exceed expectations. Currently, BTC is trading within a few hundred dollars of $70,000, with the 20-day EMA at $64,371 and a positive RSI indicating that an upward breakout is more likely. Overcoming the $68,000 resistance suggests that BTC price is on the path to $73,777, though this level may trigger a strong bearish response.

Conversely, a break below the moving averages could signal a bearish downturn, with potential drops to $59,600 and $56,552.

#btc70k #BTC #bitcoin #bitcoinhalving

$BTC

Ethereum price prediction: Is $4000 next after ETH’s +17% hike?

(note: the post contains data by AMBCrypto)

Ethereum (ETH) has rallied to a two-month high after Bloomberg analysts increased the odds of the Ethereum Exchange Traded Fund’s (ETF) successful launch. 

In a post on X (formerly Twitter) on 20th May, Eric Balchunas, a senior analyst at Bloomberg, raised the approval odds for the Ethereum exchange-traded fund (ETF) from 25% to 75%.

At press time, ETH exchanged hands at $3,648, recording a 17% price hike in the past 24 hours, according to CoinMarketCap’s data. Due to the surge in the coin’s trading activity in the last 24 hours, its trading volume has grown by over 200% during that period.

According to Coinglass data, the amount of ETH’s short liquidations climbed to a year-to-date high of $81 million on that day. In comparison, the amount of long positions liquidated on the same day was $26 million. 

Further, ETH whales have taken advantage of the price rally. On-chain data has revealed a considerable spike in whale activity in the past 24 hours. 

While ETH’s price trended toward $3700 on 20th May, the count of ETH transactions worth over $1 million also increased. 

Per Santiment’s data, 1393 transactions of this nature were completed on that day, representing the highest number since 14th April.

On 20th May, transactions worth above $100,000 totaled 11,827. The last time they were this high was on 15th April. 

The attention on ETH in the last 24 hours has resulted in an uptick in its social activity. At press time, the coin’s social dominance was 2.28, its highest since February. 

With this value, out of every 100 conversations about the top 100 cryptocurrencies, 2.28 discuss ETH, making it slightly above average in terms of discussion compared to other major coins.

All the positive updates may set up a rally for Ether, which may be finally closing at $4k milestone in a perspective.

#ETHETFS #altcoins #eth

$ETH

Shiba Inu (SHIB) price prediction – analysis by CoinPedia

Shiba Inu finds itself in a tough spot, wrestling with resistance at the $0.000025 price mark. Despite a recent attempt at a rally, SHIB struggled to hold its ground and slipped below this crucial level. The result? A 5% drop, hitting a low of $0.00002361. Though SHIB has made gains over the past month, crossing the $0.000025 mark remains a tough nut to crack.

One striking development is the rapid pace of coin burning. The Shibburn Explorer data reveals a whopping 62.58% surge in the SHIB burn rate in just 24 hours.

Market analysts have spotted a bullish pennant pattern on the Shiba Inu chart, signaling the potential for significant profits. This suggests SHIB might resume its upward climb after a consolidation period. Analysts foresee potential profits of over 62% in the near future.

Prominent Bitcoin analyst Clifton highlighted the formation of a bullish pennant on Shiba Inu’s 24-hour timeframe.

According to Clifton, this pattern suggests that SHIB could soon experience a breakout, potentially netting holders a short-term profit of up to 60%. The bullish pennant formation, which resembles a symmetrical triangle, typically signals that an asset is ready to resume its uptrend after encountering brief resistance.

#altcoins #BinanceLaunchpool #Memecoins #shib

$SHIB

dogwifhat (WIF) – brief price analysis by BlockchainReporter

Dogwifhat (WIF) is among the gainers today, as evidenced by its price movements during today’s session. An in-depth analysis shows that the Dogwifhat price is testing the lower boundary of the pitchfork, indicating a potential reversal zone.

On the other hand, the Money Flow Index is at 22.03, suggesting oversold conditions and a potential for a rebound. As of press time, the Dogwifhat price stood at $2.67, a 2.52% increase from its previous 24-hour price.

#altcoins #Memecoins #wif

$WIF

Why Bitcoin could hit $60,000 before a rally to $72,000

(note: the post contains data by AMBCrypto)

Bitcoin’s (BTC) jump to $67,740 does not mean that the price would no longer nosedive. In fact, there is a chance that BTC could drop to $60,000.

According to data from Coinglass, there was a big cluster of liquidity from $67,626 to $68,000, indicating that Bitcoin could approach the levels one more time.

On the downside, there was a major level at $60,160. As such, resistance between $67,000 and $68,000 could force BTC to drop to $60,000 which could later act as support.

However, the most concentrated area of liquidity was $72,000, meaning that the next uptrend could push Bitcoin to this point. Establishing this bias was the Realized Price.

Realized Price measures the average price divided by Bitcoin’s supply. This helps to understand the economic state of the coin. Like the liquidation heatmap, this metric can act as on-chain support or resistance.

If the Realized Price hits or crosses Bitcoin’s value, it means that the coin has fallen into a bear phase. For example, the metric flipped BTC in November 2022, confirming a crash in the price.

As of this writing, the Realized Price was $29,142— two times less than the press time value. With this position, one can infer that BTC has not hit the top of this cycle.

In the meantime, BTC could undergo a consolidation phase first. After that, more liquidity could flow out of the coin which could propel the downturn before the upswing.

#BinanceLaunchpool #bitcoinhalving #bitcoin #BTC

$BTC

PEPE prices at risk? – overview by AMBCrypto

PEPE rallied by over 500% at some point last week. But it wasn’t an isolated trend. Meme stock legend Keith Gill made a comeback on social media, sending both meme stock markets and memecoin markets into a frenzy.

The PEPE/USDT chart shows a notable bearish trend throughout the session, with price action marked by a series of red candles. Such a sharp decrease, supported by high volume, typically indicates that bears are in control. 

This could potentially drive the price down further unless there is a significant change in market dynamics or external influences that could encourage the bulls to flip the script.
Data from Coinglass showed that the trading volume for PEPE has increased by 14.02% to $697.64 million, suggesting a heightened trading activity and possibly a growing interest in PEPE among traders.

However, the open interest has seen a decrease of 10.09%, standing at $105.29 million, which might indicate that some traders are closing their positions, focused solely on taking profits.

If PEPE holds above the 0.00000900 support and sees increasing buyer volume, along with a bullish MACD crossover and an RSI recovery above 30, there could be a potential for a short-term price recovery.

The RSI was below the 30 mark at press time, meaning that PEPE is in an oversold condition.

Should these indicators align positively, PEPE could see a recovery in the near future, testing higher resistance levels. All in all, the memecoin seems to be in consolidation mode, so the decline could be just temporary.

#altcoins #BinanceLaunchpool #pepe #Memecoins

$PEPE

PYTH

As per Decilizer, an X user and market analytic, "PYTH is following a clear uptrend. The primary support at around 0.40$ has been confirmed. Now, it's all geared up to surpass our next target of 0.87$ if Bitcoin stays bullish during this period.
We've tracked 280% profit on it in the past."

Meanwhile, 50-day Exponential Moving Average (EMA) and Relative Strength Index (RSI) indicate an uptick, hinting at the further recovery of the asset.

#altcoins #BinanceLaunchpool #PYTH

$PYTH

Notcoin (NOT) price prediction – analysis by Coindoo

Notcoin ($NOT ) has been making waves in the crypto world lately. This interesting cryptocurrency, built on the TON blockchain, uses games to teach people about Web3. But with its unusual ways, like a blank whitepaper and just a popular Telegram game launch until now, some people wonder: is NOT a groundbreaking project or just a short-term trend?

As of May 17, 2024, the price of Notcoin is currently showing a bearish trend on the five-minute timeframe, reflecting ongoing selling pressure. The Relative Strength Index (RSI) is low, indicating that buyers are not actively participating in the market.

Additionally, the Moving Average Convergence Divergence (MACD) remains negative, further highlighting the prevailing bearish sentiment.

Given these indicators, it’s likely that the price of Notcoin could fall to a low of $0.005676 before any potential recovery.
On the positive side, a closer examination reveals that Notcoin is consolidating within a falling wedge pattern, which is typically a bullish reversal signal. This pattern suggests that the price could surge once it breaks out.

Traders interested in taking long positions should consider waiting until Notcoin breaks above the upper boundary of the wedge pattern. Confirmation of this breakout could be seen if the price moves above the psychological level of $0.007000, establishing it as a new support level.

The potential target for this falling wedge breakout is calculated by adding the maximum distance between the upper and lower trend lines to the breakout point. Based on that, some opinions indicate a possible 50% rally, aiming for the $0.010427 mark.

#notcoin #altcoins #BinanceLaunchpool

$NOT

FLOKI – brief analysis by BlockchainReporter

Floki (FLOKI) also faces corrections in today’s session, as evidenced by its price movements. Looking at in-depth analysis, we see that the Alligator’s jaw (blue line), teeth (red line), and lips (green line) indicate a bullish trend as they are in alignment with the Floki price above them. The last red candlestick, however, could mean changing momentum.

The MACD line is below the signal line, confirming the bearish momentum causing the corrections. A histogram of green bars indicates that the bullish momentum is increasing. As of press time, the Floki price stood at $66,103, a 0.12% decrease from its previous 24-hour price.

#altcoins #Memecoins #floki #BinanceLaunchpool

$FLOKI

Solana Price Prediction: Can SOL Reach $250 in the Next Bull Run? – analysis by CoinGape

Solana price prediction: SOL experienced a significant rise in market value recently, increasing over 4% in the last 24 hours. The Solana price surged past the $160 resistance level and currently stands at $168, demonstrating strong positive momentum in its trading pattern.

The market capitalization has also seen an upward movement, now standing at $75 billion, which marks a 3.21% increase. However, trading volume over the past 24 hours has declined by 18.18%, totaling $3.5 billion.

In the past week, Solana has experienced a 9% surge despite some minor declines, highlighting its volatile nature. The price fluctuated between $150 and $168 over the past few days, reflecting a general uptrend. Solana has surged from $130 support level to the current prie above $160, over the past week, indicating ascending trend.

With the current bullish trend, SOL Price could break the $170 resistance, signaling a revival in bullish activity. This breakout may push the valuation close to $190. An eventual move toward the $200 resistance level is possible, and with increased bullish pressure, SOL might hit $250 in the next run. 

Conversely, a market downturn could see the coin retract to the $155 support line. If bearish trends dominate, the price may drop to $150, marking a bearish shift. Despite potential setbacks, current recovery trends suggest the altcoin is poised for further gains, indicating a promising outlook for Solana.

#altcoins #BinanceLaunchpool #solana #sol

$SOL