Binance Square
Accueil
Notification
Profil
Articles tendances
Les actus
Centre pour créateur
Paramètres
LIVE
LIVE
Crypto Web3 Today
Haussier
--・30k views
Can Pepe Coin Price Overcome Whale-Induced Setback? Key Support Levels in Focus. Pepe coin price saw a 195% rise, reaching a new high of $0.0000161 before dropping to $0.00000925 due to whale activity. Will the renewed supply pressure push the memecoin to $0.0000782? Contrary to the recent market movement, the Pepe coin price witnessed a notable outflow this week. The supply pressure from its previous all-time high resistance of $0.0000108 tumbled the asset by 18.8% to trade at $0.00000943. With the BTC a at $67000, the PEPE price wavers at the pivotal movement to resume the prevailing rally or enter a new correction. Whale Activity Contributes to PEPE Price Drop. The Pepe coin price has witnessed a steady recovery since last month under the influence of an ascending trendline in daily charts. This dynamic support uplifted the asset value from $0.00000393 to a new all-time high of $0.0000161, registering a 195% growth. According to on-chain data tracker Spot On Chain, a recent transaction by a PEPE whale has significantly impacted the token's price. Thirteen hours ago, a multisignature wallet identified as 0x1a2 deposited 457.9 billion PEPE tokens, worth approximately $4.54 million, to Binance. This move, interpreted as a stop-loss measure, contributed to a 6% price drop in PEPE. Spot On Chain notes that this particular whale has a track record of poor trading decisions. Over the past 15 days, the whale has lost $717,000 (approximately 4.69%) from two separate PEPE trades. Historically, the whale's transactions have often led to sharp price declines whenever large amounts of PEPE were moved. However, this frog-themed memecoin currently hovers above the aforementioned support trendline seeking to be suitable for renewed recovery momentum. Along with the Bitcoin price sustainability above $65000, If the PEPE managed to hold above the rising trendline, the buyers could lead the next recovery leap to $0.0000138, followed by $0.0000167. #MemeWatch2024

Can Pepe Coin Price Overcome Whale-Induced Setback? Key Support Levels in Focus.

Pepe coin price saw a 195% rise, reaching a new high of $0.0000161 before dropping to $0.00000925 due to whale activity. Will the renewed supply pressure push the memecoin to $0.0000782?

Contrary to the recent market movement, the Pepe coin price witnessed a notable outflow this week. The supply pressure from its previous all-time high resistance of $0.0000108 tumbled the asset by 18.8% to trade at $0.00000943. With the BTC a at $67000, the PEPE price wavers at the pivotal movement to resume the prevailing rally or enter a new correction.

Whale Activity Contributes to PEPE

Price Drop.

The Pepe coin price has witnessed a

steady recovery since last month under

the influence of an ascending trendline

in daily charts. This dynamic support

uplifted the asset value from

$0.00000393 to a new all-time high of

$0.0000161, registering a 195% growth.

According to on-chain data tracker Spot On Chain, a recent transaction by a PEPE whale has significantly impacted the token's price. Thirteen hours ago, a multisignature wallet identified as 0x1a2 deposited 457.9 billion PEPE tokens, worth approximately $4.54 million, to Binance. This move, interpreted as a stop-loss measure, contributed to a 6% price drop in PEPE.

Spot On Chain notes that this particular whale has a track record of poor trading decisions. Over the past 15 days, the whale has lost $717,000 (approximately 4.69%) from two separate PEPE trades. Historically, the whale's transactions have often led to sharp price declines whenever large amounts of PEPE were moved.

However, this frog-themed memecoin currently hovers above the aforementioned support trendline seeking to be suitable for renewed recovery momentum. Along with the Bitcoin price sustainability above $65000, If the PEPE managed to hold above the rising trendline, the buyers could lead the next recovery leap to $0.0000138, followed by $0.0000167.

#MemeWatch2024

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
0
Réponses 9
Découvrez les dernières actus sur les cryptos
⚡️ Prenez part aux dernières discussions sur les cryptos
💬 Interagissez avec vos créateur(trice)s préféré(e)s
👍 Profitez du contenu qui vous intéresse
Adresse e-mail/Numéro de téléphone
Créateur pertinent
LIVE
Crypto Web3 Today
@Crypto_Web3_Today

Découvrez-en plus sur le créateur

DOGE Price Prediction for May 22. DOGE/USD. The rate of DOGE has fallen by 2% since yesterday. On the hourly chart, the price of DOGE is rising after setting a local support level of $0.1617. If growth continues, one can expect a test of $0.17 by tomorrow. On the daily time frame, the rate of the meme coin has made a false breakout of yesterday's peak of $0.173. However, the candle is about to close far from its boundaries. In this case, sideways trading in the zone of $0.165-$0.17 is the more likely scenario. From the midterm point of view, the picture is more positive. If the weekly bar closes near or above the $0.17 level, the accumulated energy might be enough for a breakout, followed by a move to the $0.18 area. DOGE is trading at $0.1659 at press time. #MemeWatch2024
--
DOGE Skyrockets 100% in Whale Transactions Amid Dogecoin ETF Rumors. Dogecoin (DOGE), the famous meme- inspired cryptocurrency, is experiencing a surge in large transactions in the last 24 hours, indicating potential activity from major investors, or "whales." According to data from Into TheBlock, the total value of these large transactions, exceeding $100,000, nearly doubled in the past 24 hours, jumping from $1.53 billion to a staggering $3.01 billion. This translates to a significant rise in the volume of DOGE being moved by these whales, from 9.74 billion to 17.97 billion coins. This surge in whale activity coincides with growing speculation about a potential Dogecoin ETF. The recent optimism surrounding the Ethereum ETF has fueled rumors that DOGE could be next in line for its own regulated investment vehicle. Why is Dogecoin ETF possible? Dogecoin appears to have several factors working in its favor for ETF approval. Unlike some other cryptocurrencies, DOGE is not suspected of being a security, its futures are already approved by the U.S. Commodity Futures Trading Commission (CFTC) and it boasts a healthy market capitalization of $24 billion, ranking it as the eighth largest cryptocurrency. Interestingly, Billy Markus, one of the creators behind Dogecoin under the pseudonym Shibetoshi Nakamoto, has even chimed in on the ETF rumor with a lighthearted "amusing" remark. Whether fueled by these rumors or not, the recent surge in whale transactions suggests heightened interest in DOGE, and investors are watching closely to see if this translates to a price increase. #MemeWatch2024
--
Cardano (ADA) Price Prediction for May 22. ADA/USD. The rate of Cardano (ADA) has declined by 4.79% over the last day. On the hourly chart, the price of ADA might have set a local support level of $0.4746. However, there are low chances to expect any sharp moves by the end of the day, as most of the ATR has been passed. In this case, sideways trading around the $0.48 mark is the most likely scenario. On the bigger time frame, the fall continues after yesterday's bearish closure. At the moment, there are no reversal signals yet, which means the drop may lead to the test of $0.46 shortly. From the midterm point of view, the price of ADA has bounced off the $0.50 zone. However, buyers still have time until the end of the week to seize the initiative. If they manage to do that, growth may continue to the resistance of $0.5225. ADA is trading at $0.484 at press time.
--
Shiba Inu (SHIB) Loses Market Spot to Avalanche (AVAX): Details. In a reshuffling move, dog-themed cryptocurrency Shiba Inu (SHIB) has lost its market spot to Avalanche (AVAX). Shiba Inu has remained in 11th place in the market rankings after falling out of the top 10 due to profit-taking following its stunning 300% increase in late February to early March. Despite the profit-taking that followed, Shiba Inu fiercely defended its rankings, remaining in 11th place throughout. However, Shiba Inu's resolve has been tested with Avalanche overtaking it, pushing it to 12th place in the crypto market rankings. Shiba Inu's drop in the rankings coincides with a larger market fall that has seen SHIB lose roughly 4% of its value in the last 24 hours. This fall follows profit-taking after the SHIB price reached a high of $0.00002684 during today's trading session. Earlier in the week, crypto prices rose on hints of progress toward U.S. approval of exchange-traded funds investing directly in Ethereum as optimism revived. SHIB's price climbed alongside the market, but to a smaller extent. SHIB is currently up 5.15% over the last seven days, as its gains were relatively muted by the stiff daily MA 50 barrier near $0.000025. In recent weeks, specifically since mid- April, Shiba Inu's price has been constricted by the daily SMA 50 barrier. Shiba Inu consistently faced a battle surpassing this level; however, the bulls made a successful attempt on May 20 before confronting resistance. Conversely, Avalanche experienced a surge in value, climbing over 18% in the past week. This growth has propelled AVAX to overtake SHIB, with a current market capitalization of $15.6 billion compared to Shiba Inu's $14.8 billion, according to Coin MarketCap data. As the market scenario unfolds, eyes will be on Shiba Inu to see if it can sustain its rise above the tough daily MA 50 barrier. Whether SHIB can reclaim its position or AVAX will continue to climb the ranks remains to be seen. #MemeWatch2024
--
Bitcoin Price Alert: 273,000 BTC Held at Key Bitcoin Supply Range. As Bitcoin teeters near $70,000, analysts are closely watching a critical supply zone for the largest cryptocurrency. This range is crucial because it represents a key area where a substantial amount of Bitcoin was acquired. Crypto analyst Ali has identified a key supply zone for Bitcoin, situated between $70,180 and $70,600, where over 450,000 addresses have collectively acquired approximately 273,000 BTC. The supply zone is an important area on the price chart that often acts as a barrier to upward price movements. It is where a large number of Bitcoin was previously bought, and holders may look to break even or take profits, potentially leading to increased selling pressure. Following a steady rebound from May 1 lows of $56,500, Bitcoin reached highs of $71,980 on May 21 before encountering resistance. At the time of writing, BTC was sustaining its declines from the prior day, down 1.91% in the last 24 hours to $69,998. Potential scenarios. As Bitcoin approaches the highlighted critical supply zone, several scenarios could unfold: If Bitcoin manages to break above the $70,600 level with strong volume, it could signal a continuation of the bullish trend. This would likely attract additional buyers, pushing the price higher and potentially establishing a new support level. On the other hand, if Bitcoin faces significant selling pressure within this range, it could lead to a price rejection and subsequent pullback. This scenario would indicate that many holders want to realize profits, resulting in temporary resistance. Another possibility is that Bitcoin consolidates below this range for a while. This would imply a balance between buyers and sellers ahead of a major price movement. As Bitcoin considers its next move, price behavior around the $70,000 mark would be closely watched given the sheer volume of BTC accumulated in this area.
--

Dernières actualités

Dormant Pre-Mined Address Containing 86 ETH Activated After 8.8 Years
--
Bitcoin Mining Difficulty Increases By 1.48% To 84.38 T
--
Decline in Cryptocurrency Usage Among US Adults, Federal Reserve Survey Reveals
--
Su Zhu Purchases Bittensor (TAO) Despite Limited Understanding of the Project
--
STEPN Co-Founder Hints at New Token Launch
--
Voir plus
Plan du site
Cookie Preferences
CGU de la plateforme
Plan du site
CGU de la plateforme
ba-one-trust-cookie