Date: Wed, Nov 06, 2024, 08:28 AM GMT
The cryptocurrency market is shining today as Bitcoin (BTC) hits a new all-time high of $75,000, up 8% in just the last 24 hours. This surge seems driven by U.S. election sentiments, as crypto-supporter Donald Trump secures his victory.
In response, major memecoins have also gained momentum, particularly the third-largest memecoin, Pepe (PEPE), which marked an impressive rally today, surging by over 10% and reaching its current price of $0.0000093 after bouncing back from the support line at $0.0000077.

Source: Coinmarketcap
Whales Show Interest in PEPE
According to a report by Lookonchain, whales are actively accumulating $PEPE . Over the past hour, three whales withdrew a combined 835.6 billion PEPE (worth $7.94 million) from Binance and Gate.io, signaling strong demand among large investors. Here’s a breakdown of the whale activity:
0x51Cc withdrew 535.81 billion PEPE (worth $5.09 million) from Binance.View on Etherscan0xa586 withdrew 163.37 billion PEPE (worth $1.44 million) from Binance.View on Etherscan0xd3B0 withdrew 135.45 billion PEPE (worth $1.3 million) from Gate.io.View on Etherscan
This whale activity indicates growing confidence in PEPE’s potential, which often fuels speculation of an impending breakout. But is a breakout truly in sight? Let’s dive into the technical analysis to see what’s next for PEPE.
Is a Breakout in Sight?
On the daily chart, PEPE appears to be consolidating within a symmetrical triangle pattern, a common setup that often precedes significant price movements. Here's a closer look at the technical indicators:

1.Symmetrical Triangle Formation :The chart shows PEPE moving within a narrowing range, bound by a descending resistance trendline (R) and an ascending support trendline (S). This pattern typically indicates indecision in the market, where buyers and sellers are gradually reaching equilibrium before a breakout. Given that PEPE is near the apex of this triangle, a breakout appears imminent.
2.Key Resistance and Support Levels: PEPE’s immediate resistance sits around $0.00000988 a critical level that has previously acted as both support and resistance. A decisive break above this resistance could open doors for a rally towards higher levels, possibly targeting $0.00001277 based on the height of the triangle formation. On the downside, the $0.0000077 support level is crucial. This area has proven to be a strong floor for PEPE, and a drop below it would likely signal a shift towards bearish momentum. However, with the recent bounce from this support, bulls seem determined to defend this level.
3.Relative Strength Index (RSI): The RSI indicator currently stands at 47.27, suggesting a neutral momentum. This could favor bulls if buying pressure increases, as there’s still room for the RSI to rise towards overbought levels, which often coincides with strong upward movements.
In summary, PEPE's current price action suggests a breakout could be on the horizon, with key whale accumulation indicating strong interest in this memecoin. If PEPE can overcome the $0.00000988 resistance level with high volume, we could see a rally toward the $0.00001277 target area. However, a breakdown below $0.0000077 might lead to further downside.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#pepe⚡ #NFA✅

Date: Tue, Nov 05, 2024, 11:59 AM GMT
In the midst of the U.S. elections, we’re seeing a dynamic shift in the cryptocurrency market. While major altcoins show signs of selling pressure, meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are capturing attention with significant upward momentum. SHIB’s price has surged over 4% today, and DOGE has gained nearly 10%, marking a notable 56% increase over the last 30 days.

Source: Coinmarketcap
This begs the question: Is $SHIB following in DOGE’s footsteps for a potential rally?
Technical Analysis: SHIB and DOGE Comparison
Examining the weekly charts of both Shiba Inu (SHIB) and Dogecoin (DOGE), we can identify a pattern that suggests SHIB may be mirroring DOGE’s recent accumulation phase and breakout behavior.

1.Accumulation Zone: Both SHIB and DOGE spent extended periods in a low volatility range — an accumulation phase. This period often acts as a base for a future breakout, as strong hands accumulate tokens from weaker holders. For DOGE, this phase lasted until mid-2024 before it started showing upward momentum, while SHIB appears to be at a similar stage now.
2.Bullish Breakout Pattern:
Dogecoin: DOGE has broken out of a downward channel, pushing past key resistance levels and indicating strength. This breakout pattern reflects a classic reversal from a bearish trend to a more bullish outlook, suggesting the possibility of continued upward movement.Shiba Inu: SHIB, currently within a descending channel similar to DOGE’s recent pattern, is attempting to break out. A confirmed breakout above the key resistance around $0.00002000 could indicate that SHIB is primed for a similar rally, potentially aiming for a 50% or more gain if it follows DOGE’s path.
3.Relative Strength Index (RSI):
On both charts, the weekly RSI is pointing toward a gradual upward momentum. DOGE’s RSI recently crossed above the 65 level, showing strong buying interest. SHIB’s RSI, currently around 50, is inching upward, reflecting an increase in buying momentum that could push it higher if SHIB breaks out of its descending channel.
4.Targets and Potential Upside:
If SHIB follows DOGE’s bullish pattern, a breakout could see SHIB challenging resistance levels around $0.00002500 to $0.00003000. This would represent an impressive upside, potentially in the range of 50% to 100% gains from the current price, depending on market conditions.
Market Sentiment
Historically, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) tend to perform well after U.S. elections, benefiting from increased retail interest and market optimism. Following the 2020 election, DOGE saw a significant rally, driven by retail enthusiasm—SHIB has shown similar patterns around major events.
Currently, DOGE is up 56% over the past 30 days, and SHIB is showing gains as well, suggesting that these historical trends could repeat. If positive sentiment continues, SHIB may indeed follow DOGE’s path, but investors should remember the speculative nature of meme coins.
Conclusion
The combination of historical post-election performance and the current bullish technical patterns suggest that SHIB could be poised to follow DOGE’s recent trajectory. However, as always, investors should keep in mind that meme coins are highly speculative and subject to high volatility.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#shiba⚡
#NFA✅

🔮 Predictions suggest that Bitcoin's historical price floor may reach $41,200 in the next five months, according to insights shared by Charles Edwards, the founder of Capriole Fund and a crypto analyst. Edwards bases this forecast on Bitcoin's electrical cost, anticipating a doubling of the raw energy cost of mining Bitcoin, potentially occurring in April 2024.📊 The reasoning behind this speculation is tied to Bitcoin's halving events, which historically impacted the electrical cost. Edwards notes that in the last two halvings, the electrical cost reached +65% and +50% of pre-halving values. If this trend continues, with the electrical cost bottoming out at +50% this time, Edwards predicts a historic price floor of $41,200 within the next five months.⚡ Bitcoin halving events occur approximately every four years, reducing the rate of new currency issuance by 50%. The next halving is anticipated around April 23, 2024, based on the current average block interval. Previous cycles have shown positive market reactions before and after halving events, with impressive yearly returns of over 400%, although historical performance doesn't guarantee future results.📈 As expectations build for the upcoming halving, Bitcoin was trading at $37,191, reflecting a 0.35% increase at the time of writing."Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."✨😊🤑🚀Note :Not financial advice dyor before investing in any projects .✨#BTC #2024BullRun #NFA✅