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🔥🔥🔥 Chainlink ($LINK ) Primed for Another Surge: Major Rally on the Horizon? Chainlink's (LINK) price is showing bullish momentum above $16.50 and could continue to rise if it clears the $17.50 resistance zone. #Chainlink Price Eyes Additional Upsides - Chainlink's price is indicating bullish signs and potential gains above $17.00 against the US dollar. Currently, the price is trading above the $16.50 level and the 100-hourly simple moving average. Notably, there was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data source from Kraken). This suggests that if the price clears the $17.50 resistance zone, it could start another upward move. Recent Price Movement - Recently, Chainlink has maintained a positive trend above $15.00, similar to #bitcoin and #Ethereum . The price rose above $16.50 and $17.00, reaching a high of $17.45 before correcting downward to $15.34. It then rebounded above $16.50, surpassing the 50% Fib retracement level of the drop from $17.45 to $15.34. Technical Analysis - Chainlink broke above a key bearish trend line at $16.50 and is now trading above this level and the 100 SMA (4 hours). Immediate resistance is at $16.90, with major resistance at $17.50. A clear break above $17.50 could lead to a steady increase toward $18.20, with further resistance at $18.80 and potentially testing $20.00. Potential Decline - If Chainlink's price fails to surpass the $17.50 resistance level, it might face a fresh decline. Initial support on the downside is near the $16.65 level. The next major support is at $16.20, below which the price might test the $15.50 level. Further losses could push LINK toward the $15.00 level in the near term. Technical Indicators - Hourly MACD: The MACD for LINK/USD is gaining momentum in the bullish zone. - Hourly RSI: The RSI for LINK/USD is now above the 50 level. - Major Support Levels: $16.65 and $16.20. - Major Resistance Levels: $17.00 and $17.50. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 Chainlink ($LINK ) Primed for Another Surge: Major Rally on the Horizon?

Chainlink's (LINK) price is showing bullish momentum above $16.50 and could continue to rise if it clears the $17.50 resistance zone.

#Chainlink Price Eyes Additional Upsides

- Chainlink's price is indicating bullish signs and potential gains above $17.00 against the US dollar. Currently, the price is trading above the $16.50 level and the 100-hourly simple moving average. Notably, there was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data source from Kraken). This suggests that if the price clears the $17.50 resistance zone, it could start another upward move.

Recent Price Movement

- Recently, Chainlink has maintained a positive trend above $15.00, similar to #bitcoin and #Ethereum . The price rose above $16.50 and $17.00, reaching a high of $17.45 before correcting downward to $15.34. It then rebounded above $16.50, surpassing the 50% Fib retracement level of the drop from $17.45 to $15.34.

Technical Analysis

- Chainlink broke above a key bearish trend line at $16.50 and is now trading above this level and the 100 SMA (4 hours). Immediate resistance is at $16.90, with major resistance at $17.50. A clear break above $17.50 could lead to a steady increase toward $18.20, with further resistance at $18.80 and potentially testing $20.00.

Potential Decline

- If Chainlink's price fails to surpass the $17.50 resistance level, it might face a fresh decline. Initial support on the downside is near the $16.65 level. The next major support is at $16.20, below which the price might test the $15.50 level. Further losses could push LINK toward the $15.00 level in the near term.

Technical Indicators

- Hourly MACD: The MACD for LINK/USD is gaining momentum in the bullish zone.

- Hourly RSI: The RSI for LINK/USD is now above the 50 level.

- Major Support Levels: $16.65 and $16.20.

- Major Resistance Levels: $17.00 and $17.50.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks

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Pepe whales are sitting on paper profits worth more than $90 million The Pepe memecoin has made millionaires since its launch last month — at least on paper. The top 15 pepe whales are sitting on cumulative profits currently worth $92.6 million, according to Lookonchain. “$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only,” the pepe coin website states. Pepe, a memecoin styled on the Pepe the Frog cartoon, has made some crypto traders millions — at least on paper — as its price skyrocketed since launching last month. The top 15 pepe whales — large holders of the tokens — are collectively sitting on potential profits that currently total $92.6 million, according to onchain data analyzed by Lookonchain. While the whales have sold some holdings, they still hold over 38 trillion pepe coins, or around 9% of its total supply, Lookonchain said. The profits result from simple math. The whales paid an average of $0.0000000853 per token, and the current price of the coin is around $0.00000224. That's a lot of zeros, but it adds up to a gain of 2,526%, according to CoinGecko data. Two of the top 15 whales are sitting on paper profits of over $11 million each, with the rest seeing gains between $2.9 million and $6.9 million, according to Lookonchain. One of the whales, however, has their address blacklisted, meaning they'll likely never be able to cash out. Meme coin trading volumes are soaring, led by pepe. Last month, Dogecoin saw volatility after Elon Musk temporarily replaced the blue Twitter bird icon.
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🐸🚀🚀Will Pepecoin (PEPE) Price Yield A 10x-15x Rally in 2024? With a massive jump 65% jump this week, the #PEPE price action showcases increased momentum and buying pressure. Further, as the broader market recovers with Bitcoin near $69K and Ethereum ETFs approval, the bull run chances are improving for the meme coins. With the increasing demand for cryptocurrencies, will the meme coins explode this year? Will the PEPE price yield a 10x to 15x Rally in 2024? Will it reach $1 in 2030? Find out more in our $PEPE price prediction. PEPE Price Performance With a rounding bottom breakout in the daily chart, the PEPE price has surpassed the $0.00001 psychological level. The neckline breakout prolongs the bullish trend continuation by 65% this week. This increases the market value of memecoin by 178% over the last 5 weeks. On a longer picture, the memecoin has increased by almost 1300% in the last 14 weeks. This reflects a massive jump in the PEPE demand in the retail market. The 65% jump this week creates a bullish engulfing candle in the weekly chart. The PEPE price is currently trading for $0.00001510, with an intraday growth of 6.82%, undermining the 5.26% drop last night. Technical Indicators: RSI: The daily RSI line sustained in the overbought zone, reflecting an overall demand increase. Will PEPE Rally Jump 1000%? In the daily chart, the bullish trend sustains above the 100% trend-based Fibonacci level at 0.000015. As the higher high trend continues, with the unleashed trend momentum after the rounding bottom breakout, the PEPE price is expected to surpass the $0.00002 mark. Beyond this, the meme coin could head for the 2.618% trend-based Fibonacci level at 0.0000277. In a longer time, with the upcoming bullish catalyst in the crypto market like the Uptober rally, the alt season, and potential rate cuts, the meme coin could surge even higher. Hence, the possibility of a 10x-15x rally in PEPE price is a feasible target for 2024 as the buying pressure grows. #altcoins #memecoins #binance #PEPE_EXPERT
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🔥💥PEPE Price Reveals Upcoming 40% Jump Next Week🔥💥 With a bearish day after the Ethereum ETF approval, the meme coins are struggling to gain momentum. Amidst such slowdown, the PEPE price shows a similar pullback and warns of a correction under a crucial support. However, the larger picture with a bullish trend in motion promises a turnaround. Will the uptrend in the PEPE token survive the short-term correction for a bull run this week The massive uptrend signals increasing demand for the meme coin as the broader market improves. Further, with the growing anticipations of an altcoin season coming soon, the meme coin is impending to explode for a massive surge. Currently, the PEPE price trades at $0.00001396 with an intraday fall of 6.15%. This reflects a bullish exhaustion after the 11.52% jump yesterday. If the bulls fail to recover, the exhaustion phase can breach under $0.000013. Technical Indicators: MACD: The MACD and signal lines avoid a bearish crossover as they regain an uptrend with a surge in bullish histograms. DMI: The VI and ADX reflect a bullish trend with increased momentum bolstering a bull run possibility. 👀💥Will PEPE Reach $0.000020? With a bullish trend in motion and the high anticipation of a bull run in the crypto market, the meme coin is ready to jump. However, the short-term correction delays the moonshot rally. If the bull run continues, the PEPE price could breach the 1.618 Fibonacci level at the $0.000019 mark to reach $0.000020. Conversely, a crack under the $0.00003 mark could retest the $0.000017 mark. Source: Coinpedia.org $PEPE #pepewillbullrun #PEPE_EXPERT
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📊📈 PEPE in Next 3 Days #PEPE Based on an analysis of market trends, historical performance, on-chain transactions, and Twitter and news content, AI models have assigned PEPE an overall score of 55. This score reflects the potential opportunity and risk of investing in PEPE within the next 24 to 72 hours. Below are the main metrics considered to calculate this score. **📈 Bullish Metrics:** - **Narrative [🚨High impact]:** PEPE is part of the Meme narrative, which increased by 18.4% in the past 7 days, while #PEPE itself surged by 26.53%. Investors seem more confident about PEPE than other Meme tokens. - **DEX Flows [Low impact]:** PEPE has had a DEX net buy of $1,793,020.96 in the last 24 hours (1.7x last week's average), indicating positive on-chain market sentiment. Additionally, PEPE's total trading volume on DEXes is 747,997,514,298.80 PEPE, which varied by -16.67% compared to yesterday. - **KOL Calls [🚨High impact]:** PEPE experienced a surge of positive sentiment from Twitter KOLs in the last 24 hours. PEPE was mentioned positively 19 times by 17 different KOLs, accumulating over 446,617 total views. Notable accounts include CryptoGodJohn, AltstreetBet, and liping007. - **MACD:** The current MACD line is above the signal line, and the MACD histogram is growing, suggesting increasing upward momentum in the market, likely leading to further gains. - **MA:** The current price of PEPE is above the Moving Average (MA), and the MA is showing an upward trend, indicating a potential upward market trend. **📉 Bearish Metrics:** - **VC Moves [🛡️Medium impact]:** VCs increased their total PEPE holdings by $102,688.41 in the last 24 hours. VCs currently hold a total of 50,186,708,905.65 PEPE (valued at $652,427.22). The VCs that increased their PEPE holdings the most were Symbolic Capital Partners (-19.53%, -3,459,089,068.03 PEPE) and Akuna Capital (-14.15%, -1,051,842.14 PEPE). #CryptoWatchMay2024 #MemeWatch2024
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🔥🔥🔥 $XRP Price Turns Red Again: What’s Next for the Crypto? XRP price started a fresh decline after failing near $0.5570. The price is now correcting gains and could see a significant drop if it breaks below the 100-hourly SMA. Key Points: - Resistance and Decline: XRP struggled near $0.5570 and has since trimmed gains. - Current Trading: The price is now below $0.5350 and the 100-hourly Simple Moving Average. - Bearish Trend Line: There is a connecting bearish trend line with resistance at $0.5320 on the hourly chart (data source from Kraken). - Crucial Support: The pair must stay above the 100-hourly SMA to avoid a sharp decline. Price Analysis: - XRP faced resistance near $0.5570 after a steady increase, forming a short-term top and starting a fresh decline from $0.5571, similar to #bitcoin and #Ethereum . The price dropped below $0.5420 and the 50% Fib retracement level of the upward move from $0.5065 to $0.5571. It even spiked below $0.5250 and the 100-hourly Simple Moving Average. - However, the bulls are protecting the 61.8% Fib retracement level of the upward move from $0.5065 to $0.5571. Currently, XRP is trading above $0.5250 and the 100-hourly SMA. - Immediate resistance is near $0.5310, with a bearish trend line forming resistance at $0.5320 on the hourly chart. The first key resistance is near $0.5350. A close above this resistance could push the price higher, with the next resistance at $0.5450. If the bulls clear this level, XRP could see a steady increase towards $0.5570, and potentially $0.5650. Potential Downside: - If XRP fails to clear the $0.5350 resistance, it could continue to decline. Initial support is near $0.5250 and the 100-hourly SMA. The next major support is at $0.5185. A break and close below $0.5185 could lead to increased bearish momentum, possibly pushing the price down to $0.5065. Technical Indicators: - MACD: The MACD for XRP/USD is gaining pace in the bearish zone. - RSI: The RSI for XRP/USD is below 50. - Support Levels: $0.5250, $0.5185 - Resistance Levels: $0.5350, $0.5450 Source - newsbtc.com
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