Pepe's price could experience a "super bullish breakout," according to analysts. This week, Pepe's price has surged alongside Bitcoin's recovery, which climbed from a low of $53,700 to over $65,000. The Pepe token hit a low of $0.00000767 on July 5 but has since increased by 57%, reaching $0.000012 on Thursday—its highest level since June 28.click here for BONK reward https://s.binance.com/7bqmBtiP 🎁😁 Analysts are optimistic about Pepe's price trajectory, noting it has become the most actively traded meme coin. Data shows Pepe's trading volume soared to over $1.2 billion on Thursday, surpassing Dogecoin's $734 million and Shiba Inu's $814 million. Coinglass data also reveals that open interest in Pepe futures has reached its highest level since June 7, totaling $148 million, primarily on OKX and Bitget. Open interest can be a strong indicator of future cryptocurrency price movements. Additionally, some large investors, known as whales, are buying Pepe, which signals confidence in its potential rebound. One whale purchased 1.39 trillion Pepe tokens valued at $16.7 million on Thursday, while others acquired 44.9 billion and 28.3 billion tokens this week. Whale accumulation is often seen as a positive sign for a cryptocurrency. Another analyst noted that Pepe is on the verge of a "super bullish breakout." Meanwhile, predictions for Bitcoin's price are also bullish. In a social media post, Ki Young Ju pointed out that stablecoin inflows have increased, pushing their market caps to a record high of over $135 billion. The growth of stablecoins is a positive indicator since they are often used to purchase cryptocurrencies. Another analyst previously predicted that Bitcoin's price could rise to $220,000, citing the nearing end of Bitcoin miner capitulation that has occurred over the past few weeks. #PEPE_EXPERT #PepeCoinToTheMoon $PEPE
Short Answer: It’s likely that PEPEUSDT might go lower next week. 📉
Here’s Why:
Current Trends: The price is dropping on the weekly chart, which means it’s been going down for a while.
Indicators:
* RSI (Relative Strength Index): This is a number that tells us if a coin is overbought or oversold. PEPE’s RSI is low, which means it’s oversold. Normally, this might suggest a bounce back, but the overall trend is still down.
* Stoch RSI: This also shows low numbers, indicating that PEPE is oversold, but it’s not enough to confirm a price increase yet.
What to Watch For:
-Support Levels: If the price stays above certain levels, it might not drop much further. But if it breaks these levels, it could go lower. -Market News: Bad news can push the price lower, while good news might help it bounce back.
Conclusion:
***Short Term (This Week): PEPE might go up a little because it’s oversold. ***Next Week: If the downtrend continues, PEPE could go lower. Always remember to do your own research and don’t invest more than you can afford to lose! 📚 #BTCMarketPanic #BinanceSquareFamily $PEPE
🟢Le BTC se négocie désormais autour de 56,3 k. Le Bitcoin chute après avoir franchi la zone rectangulaire. Les scénarios possibles sont donc les suivants : si le prix chute et franchit la zone de support, nous pourrions voir d'autres chutes et le prix pourrait se déplacer vers la zone de support inférieure. Sinon, si le prix rebondit à partir de la zone de support actuelle, nous pouvons y voir une dynamique haussière. Un autre signe haussier est que la divergence RSI s'est également formée, ce qui est un signe haussier. Restez à l'écoute pour d'autres mises à jour #Marché en baisse $BTC
Amid the macroeconomic climate and yesterday's market downturn, #Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to @DefiLlama's CEX Transparency metrics. This marks one of the highest net inflow days of 2024, indicating strong investor confidence. Yesterday also saw one of the highest trading volumes on Binance year-to-date. We are now witnessing a rebound in major token prices, with current market trends validating this. 📈🔥
Actuellement, $PAAL a validé son support à 0,15$ et progresse vers notre prochain objectif de 0,56$ avec un volume considérable. Nous nous attendons également à ce que $BTC reste haussier. Le dernier rallye a donné lieu à des gains de 32x selon notre suivi.
After Bitcoin halving all eyes on Bitcoin 👀 Still Respectable Range. But once the dust settles, altcoins will go much higher and no one can stop it 🔥 Adding some Alts at cheap discounted prices in parts only 🔠 Every Alts is down a lot since after Halving, but only a few have diamond hands 💎 Again Patience Hodle Tight 😎❤️ $BTC $ETH $BNB #BinanceLaunchpool #ScamRiskWarning #bitcoinhalving #Token2049 #Memecoins