🐸Pepe price pushes to complete a double bottom pattern with 30% gains likely to follow:
Pepe coin (PEPE) price is trading with a bullish inclination, recording a steady sequence of higher highs since the close of November. If the trajectory sustains, the frog-themed meme coin could soon activate a double bottom pattern with a 30% target objective.
〽️Pepe envisions a double-bottom pattern:
Pepe coin (PEPE) price is on an uptrend, up almost 25% since finding support at $0.0000010271 in late November. The uptrend is part of a recovery rally with the price action hinting at a double-bottom pattern. This is a bullish reversal pattern that occurs during a downtrend with the asset’s price hitting two separate lows that lie at approximately the same level.
It signals that the sellers, who were previously in control of the asset’s price action, are losing momentum. The target objective of this pattern is measured from the height of the bottom to the neckline, and then superimposed at the breakout point.
Increased buying pressure could see Pepe price complete the pattern to the neckline at $0.0000013478, providing an entry for the bold longs with a 30% target objective to $0.0000017601. The more conservative longs, on the other hand, could position their take profits at $0.0000016000 psychological level, approximately 20% from the expected breakout point
On the flip side, early profit-taking, likely from traders that bought PEPE at the bottom could interrupt the climb, sending the price back to the floor. A break and close below the $0.0000010271 would invalidate the bullish thesis.
The Moving Average Convergence Divergence (MACD) displays a decline in the histogram, indicating weak buying and selling pressure for the coin. Further, the averages show a high possibility of a bearish convergence, suggesting the price might lose value in the coming days.
If the bulls push the price above the resistance level of $9.591, the price will regain momentum and prepare to test its upper resistance level of $10.208. Further, if the bulls hold the price at that level, the ATOM price will continue to rise and test its upper level of $10.594 in the coming days.
Conversely, if the bears overpower the bulls, the price will lose momentum and prepare to test its support level of $8.935 soon. Moreover, if the bears continue to dominate the market, it will continue to plunge and prepare to test its lower support level of $8.202 during the next month.
Exciting developments continue to propel Dogecoin to new heights! 📈 The latest buzz is about a physical DOGE coin being sent to the moon, announced by the Dogecoin team. 🚀 But that's not the only factor boosting its trajectory—indicators suggest a bullish breakout is imminent.
🔍 Tony The Bull's Insight on a 23000% Surge Signal! 📊 Crypto analyst Tony The Bull has pinpointed a significant signal, the 1-Month (1M) Parabolic SAR, which triggered a jaw-dropping 23000% surge in Dogecoin's price in the past. Back during the peak of Elon Musk's Twitter frenzy, this indicator played a crucial role, propelling the price to over $10. Could history repeat itself, potentially pushing the price above $18?
🔄 Patience Pays Off: Historical Trends and Future Potential
As Tony The Bull points out, the last time this indicator appeared, it took nearly a year for Dogecoin to complete its remarkable 23000% move. Currently, DOGE bulls are holding strong at $0.0834, suggesting that patience might be the key to unlocking substantial gains once again.
📈 Metrics on the Rise Despite a Momentary Slowdown
Despite a recent minor slowdown, Dogecoin's metrics indicate a sustained rally. Notably, the daily trading volume has soared by over 100%, reaching an impressive $1.9 billion. This surge in interest signals increased buying and selling activity, paving the way for a continued price rally.
🚀🌙 Countdown to the Moon Mission: December Launch Anticipation!
As we approach December, anticipation is building for Dogecoin's mission to the moon. This event could attract new entrants to the asset, further driving its momentum. Currently, Dogecoin maintains a significant portion of its 24-hour gains, making it one of the top gainers in the market.
💼 Market Update: DOGE Price Peaks and Maintains Momentum
After a remarkable 8% surge in one day, Dogecoin's price crossed $0.086, solidifying its position as one of the top gainers. While it has since retraced to $0.0839, it still represents a notable 3.88% gain on the daily chart. $DOGE
Shibarium, the scaling solution for Shiba Inu, observed an increase in transaction activity. The rise in transaction count is indicative of higher activity on Shibarium, fueling a bullish outlook among traders for SHIB price.
🚀Shibarium transactions double overnight:
Shibarium's total transaction count crossed the 4 million mark. The protocol has accumulated a total of 4, 133,220 transactions since its launch. Between November 22 and 23, daily transactions on Shibarium nearly doubled, from 29,280 to 43,690, overnight.
The increase in transactions is indicative of rising activity, a bullish sign for the Shiba Inu ecosystem. SHIB price declined nearly 4% in the past week. The meme coin wiped out its gains in the recent correction. The increase in utility and the rapid adoption of Shiba Inu's scaling solution could fuel a bullish thesis for SHIB price. SHIB holders gained 11.23% in the past month when the meme coin rallied alongside Bitcoin. SHIB price is up nearly 2% in the last 24 hours and the cryptocurrency could begin its recovery. As seen in the SHIB/USDT 1-day price chart, Shiba Inu eyes the $0.00000900 target, the 50% retracement of SHIB's decline from its August 12 local top of $0.0000113 to October 19 bottom of $0.00000664. SHIB price could rally nearly 10% in its run-up to the $0.00000900 target.
If $SHIB price sees a daily candlestick close below the 50-day Exponential Moving Average at $0.00000801, it could invalidate the bullish thesis. SHIB price is likely to find support at the 23.6% retracement at $0.00000775.
2016 - You missed $XRP 2017 - You missed $LTC 2018 - You missed $EOS 2019 - You missed $XTZ 2020 - You missed $UNI 2021 - You missed $SOL 2022 - You missed $FTT In 2023, don’t miss ?????
Latest economic snapshot: U.S. core CPI rises 4% YoY, a dip since Sept. '21. Headline CPI up 3.2%, beating the 3.3% forecast. Noteworthy productivity growth is catching the Fed's attention. Keep an eye on upcoming data—retail sales, jobless claims, and housing starts shaping the economic landscape. 📊
It looks like Solana is on a positive trend with various indicators showing strength. If conditions stay favorable, reaching $65 by November and possibly $75 by December seems plausible. Keep an eye on the market for any changes!
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Solana's been doing really well, hitting new highs on November 13, 2023. This suggests that the buyers are in control, and Solana might keep going up in the next weeks and months.
Some technical stuff: 1. Moving averages: Solana's 50-day and 200-day averages are going up, which is a good sign. 2. RSI: Solana's RSI is at 65, in the good zone. 3. MacD: Solana's MacD is above the signal line, and the histogram is positive, which is also good.
Prediction: If things stay positive, Solana could reach $65 by the end of November 2023. If everything goes well, it might even hit $75 by December 2023.