BITCOIN MARKET PLUMMETS!🚨🚨🚨

The market is continuously plummeting! There are 4 reasons for this downward trend:

1. US Government is selling #BTC
2. Miners are selling their Bitcoins
3. German Government is selling BTC
4. MT. Gox has started $BTC repayments in July

Will the market hit $50,000? Share your thoughts!

#Bitcoin❗ #Write2Earn! #MarketWatchMay2024 #NewsAboutCrypto

🚨 4.29 Trillion SHIB Arrives on Coinbase: Dump Concerns Escalate 🚨

Coinbase recently received a massive 4.29 trillion Shiba Inu (SHIB) transfer, raising alarm among investors about a potential sell-off. The large influx of SHIB tokens has sparked fears of a market dump, which could significantly impact SHIB's price. As the situation unfolds, traders and holders are closely monitoring the market for signs of volatility. Despite the current concerns, the future of SHIB remains promising with ongoing developments and a strong community supporting its growth.

#SHIB #ShibaInu #Coinbase #CryptoNews #MarketWatchMay2024
$SHIB

Binance has unveiled the launch of $NOT coin on its Launchpool, signaling a bullish outlook for both BNB and FDUSD. This event suggests potential upward movement for BNB and TON coins. It's advisable to monitor these coins closely as they may experience a surge in value starting now. Keep an eye out for opportunities amidst the altcoin market, especially with the upcoming launch and potential gains. #CryptocurrencyLaunch #BNB #TON #AltcoinOpportunities #MarketWatchMay2024

hahaha #BULL-RUN #BearishPhase #MarketWatchMay2024

$PEPE Price Teeters on the Edge: Will It Crash 18% or Soar 22%?

Pepe (PEPE) price is retesting its ascending trendline support, and a daily close below this level could confirm a downtrend. On-chain data indicates a decrease in PEPE's active addresses, signaling lower demand for the network. If the price closes above $0.0000124, it would invalidate the bearish thesis. Technical analysis and on-chain data suggest a potential decline in PEPE's price. If the price breaks below the trendline, it could drop by 18% to $0.0000903, with a further possible decline to $0.0000592.
$PEPE

(PEPE) cryptocurrency is at a critical juncture as it tests its ascending trendline support. A daily close below this support level could trigger a significant downtrend. On-chain data reveals a reduction in active addresses for PEPE, indicating waning demand for the network. Santiment's Daily Active Addresses index has shown a 25% drop over the last ten days, pointing to decreased network activity and potential price decline.
Technical indicators also support this bearish outlook. The Relative Strength Index (RSI) and the Awesome Oscillator (AO) are both below their respective mean levels, suggesting continued bearish momentum. If PEPE's price falls below the trendline, it could drop by 18% to the $0.0000903 level, based on the 61.8% Fibonacci retracement from previous swings. A further drop could see the price retesting the $0.0000592 level.
However, if the price manages to close above $0.0000125, it would invalidate the bearish scenario, potentially leading to a 22% rally to the next resistance level at $0.0000152. This could be a significant reversal point for PEPE investors.
In conclusion, as PEPE tests crucial support levels, investors should closely monitor both technical indicators and on-chain data. With decreasing demand and bearish technical signals, caution is advised during this critical period.
#CryptocurrencyCrash #PepeAnalysis #MarketWatchMay2024

$SOL takes a sharp dive, dropping nearly 4% to $137.6.

Strong sell-off pressure is evident, but there's a glimmer of recovery as it bounces off $127.

#SOL #Crypto #MarketWatchMay2024 #BinanceTournament #ETHETFsApproved