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#MarketSentimentToday  I know there will be a crash in month May#CryptoWatchMay2024 $BTC #bitcoinhalving 

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Pepe Coin Price Poised for Final Dip Ahead of Projected 30% Rally In a recent tweet, market analyst CryptoDoc highlights the Pepe coin price resonating mainly within two converging trendlines of the daily chart. This consolidation reveals the formation of a bullish continuation pattern called a symmetrical triangle pattern. Theoretically, the converging trendlines provide a temporary break for the prevailing trend to build its momentum before the next. In the last four days, the Pepe price rebounded from the pattern’s support trendline at $0.0000084 to $0.00000852, registering a 13% jump. Consequently, Pepe’s market cap surged to $4.01 billion. Despite the bullish trajectory, the analyst predicts a small retest or final dip to the green zone support, coinciding with the pattern’s lower trendline. If history repeats, the bottom support should replenish the bullish momentum for the PEPE price and push it to nearly 17% to challenge the overhead resistance. A successful flip of this overhead trendline into potential support could push the asset to $0.000012, registering an almost 30% growth. #BinanceBlockchainWeek #BTCBreak71K #BTCETFDemandSurge $BTC $ETH

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Shiba Inu and Floki Skyrocket With $800 Million Whale Volume – Is a Meme Rally About to Explode? Canine meme coins Shiba Inu ($SHIB) and Floki ($FLOKI) are rallying in line with the rest of crypto’s meme coin sector, which grew 10% in the last 24 hours to post a collective market cap of $67.9 billion. Both Shiba Inu and Floki rose 9% overnight and now retail for $0.00001864 and $0.0001445 respectively. Most canine-themed coins appear to have tracked the wider sector, with OG meme coin Dogecoin ($DOGE) rising as much as 13% in 24 hours (and a sweltering 16.5% in the last seven days) to trade at $0.1658. In fact, the only canine-themed cryptocurrency among the Big Five that didn’t grow by around 10% was Solana’s Bonk ($BONK). Bonk grew 4% to reach $0.00002172. Floki and Bonk are also the only two blue chip doge coins to depreciate over the week. Bonk fell 7% while Floki fell 4%. In general, the market is following Bitcoin ($BTC), which grew 3.4% overnight and now trades at $71,165. #BinanceBlockchainWeek #BTCBreak71K #USJobOpeningsDip $BTC

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This is how it begins from small to big way #CryptoAMA #BTCBreak71K #USJobOpeningsDip $ETH $BTC $BNB

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LUNC Community Divided On Burning 250B Tokens. LUNC community gears up for another burn event on October 31st, aiming to reduce the massive token supply. Mixed community reactions, with some favoring USTC burn and others questioning LUNC’s price potential. Bullish hammer candle signals potential price reversal, sparking optimism among investors. The Terra Luna Classic community is all set for another burn event on October 31st, aiming to reduce the massive 6 trillion LUNC tokens in supply. The community reaction is mixed with some being skeptical of the the impact of burning a mere 250 billion tokens, which could only reduce the supply by a mere 4%. A section of the community members argues that burning USTC would be a more effective strategy, as it has a smaller market cap and could potentially reduce the LUNC supply significantly once it’s repegged. Others point to the astronomical market cap required for LUNC to reach a price of $1, deeming it highly improbable. On the price front, the bulls have gained momentum in the Terra Luna Classic market with a hammer candle forming on the daily chart. This technical pattern often signals a potential reversal from a downtrend to an uptrend. LUNC Community Divided On Burning 250B Tokens 3 Marked by a long lower wick and a small real body, the hammer candle indicates that buyers stepped in to defend the price at a support level. This suggests there is a bullish sentiment prevailing, and the price may be poised for a significant upward move. All these have led the LUNC community to bet that this bullish signal will lead to a sustained price rally, potentially bringing significant gains to investors. However, it’s essential to remain cautious and monitor the market closely for any unexpected developments. #CryptoAMA #BTCBreak71K #BinanceBlockchainWeek $BTC $ETH $BNB

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Growing Support for a Shiba Inu ETF The growth of the Shiba Inu ecosystem has raised questions about the possibility of a SHIB ETF. Some of the key influencers in the community like the content marketer Lucie has expressed her views that a SHIB ETF could be launched soon. In June, the Shiba Inu community moved forward by calling on Grayscale, the largest digital asset manager, to apply for a SHIB ETF. Even though Grayscale has not provided an official filing regarding the matter, the idea has gained considerable attention. Should it be approved, a Shiba Inu ETF could bring much-needed resources into the SHIB market. As seen with Bitcoin, the introduction of an ETF can have a significant positive impact on the demand for the respective asset. This increase in demand normally results in increased liquidity, making the asset easier to trade. For SHIB, this increased liquidity could mean that the value of the coin increases, which is good news for investors. However, it is still unclear how much this influx will affect the cryptocurrency, but it could be a turning point for the cryptocurrency as it has gradually been growing in recent years. Analysts have explored how Shiba Inu’s price might respond if a SHIB ETF garners 50% of Bitcoin ETF capital inflows. Currently, Bitcoin ETFs have seen $21.4 billion in inflows, and if Shiba Inu were to garner half of that, or $10.7 billion, the market could witness a huge rally. With a Bank of America (BoA) multiplier of 29.5x, this capital inflow could increase Shiba Inu’s market cap by an additional $315.65 billion #USJoblessClaimsDip #BinanceBlockchainWeek #EthereumPectraUpgrade $BNB $ETH $XRP

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