#MarketSentimentToday PEPE meme coin rebounds from critical level $PEPE Mimi Baby Coin appears to be bouncing after drawing a series of red candles over the past two days.
However, investor behavior and market conditions do not appear to support a positive outcome. #pepe⚡ Meme coin investors can choose to sell PEPE price barely stabilizes above the critical support level $0.00001146 and faces the risk of further decline. This is due to the constant flow of funds from the asset, which indicates a decrease in conviction. #PEPE_EXPERT This can be seen in Chaikin Money Flow (CMF). It is a technical analysis indicator that measures buying and selling pressure during a specific period. It uses volume and price data to measure the strength of a market trend, helping traders identify potential reversals and confirm trends.
The index is currently at a two-month low, indicating that outflows are intensifying selling pressure.
This is supported by the behavior of investors, especially those who are profitable. When monitoring active addresses by profitability, it can be seen that PEPE holders who observe winnings are constantly active on the network.
This is worrying because these investors tend to sell their assets for profit. In general, their participation under 25% is relatively less worrying, but more than the threshold is problematic, and this is the case with PEPE.
PEPE Price Prediction: Bounce Back? The PEPE price, which is trading at $0.00001195, appears to be bouncing from the support level at $0.00001146. This is a positive development for the meme coin and its investors. However, the latter's lack of conviction may cost him his recovery.
A potential sell-off, as mentioned above, could result in the PEPE price losing this crucial support and falling to $0.00001007.
On the other hand, a successful bounce will enable the PEPE price to rise to $0.00001369. Once this resistance level is broken, the meme coin can continue to rise towards $0.00001600.
The price of Dogecoin (DOGE) is likely to witness some conflict between bulls and bears in the coming days. #doge⚡ Mixed signals coming from the market indicate that the meme coin will end up moving sideways. Buy or sell Dogecoin? The Dogecoin price is observing different indicators from different metrics at the moment. #BinanceTournament On the one hand, the ratio of market value to realized value (MVRV) indicates that the accumulation is ideal.
The MVRV ratio monitors investors' profits and losses. With Dogecoin's 30-day MVRV at -11%, indicating losses, accumulation may ensue. Historically, DOGE MVRV between -6% and -19% often heralds recovery and rallies, describing it as an area of accumulation opportunities.
On the other hand, the price Daily Active Address Divergence (DAA) indicator indicates selling. This indicator indicates the discrepancy between the price movement of a cryptocurrency and the number of unique addresses involved in daily transactions. This divergence can indicate potential trend reversals or strengths in the market.
Given that participation and price action are on the decline at the moment, the market is flashing a sell signal. This could result in the price of Dogecoin facing a rally from any potential accumulation.
DOGE Price Prediction: Below the Bar The price of Dogecoin, which is trading at $0.13, has already seen a significant decline in the past two weeks.
The meme coin will likely now see a consolidation between $0.15 and $0.12. These two levels have been thoroughly tested in the past and represent strong resistance and support, respectively.
Indicators that provide mixed signals strongly indicate a sideways movement for the meme coin.
Any breakout or breakdown would only invalidate the bearish neutral thesis, sending DOGE either above $0.16 or below $0.11. The former would help offset recent losses, while the latter would extend them.
#MarketSentimentToday Decentralized betting market platform Polymarket saw more than $200,000 in bets on accepting Solana spot exchange-traded funds (ETFs) by December 31, 2024. This huge bet reflects the great interest in the future of Solana coin in the cryptocurrency market $BTC #BinanceTournament #AirdropGuide Speculators are betting ting big on Solana's funds being accepted Earlier this week, US Securities and Exchange Commission (SEC) Chairman Gary Gensler indicated the potential approval of Ethereum ETFs in the US by the end of the summer. This will be the first time a non-Bitcoin digital asset has received such a designation, sparking speculation about the possibility of Solana coin ETFs being introduced as the third most popular project$ETH Despite this optimism, Polymarket's bet on Solana ETF approval remains cautious at 7%. The debate over Solana ETFs comes amid a changing regulatory environment and a gradual increase in bipartisan support in the United States for cryptocurrencies.$BNB For example, Republican presidential candidate Donald Trump has positioned himself as a strong supporter of cryptocurrencies, criticizing and opposing Democratic efforts to cap the sector. Messari CEO Ryan Selkis highlighted Trump's defense of the industry but noted that he did not provide specific details about his future policies or any promises to makers. “I wasn't expecting to share that I was at Mar-a-Lago tonight, but President Trump spoke highly of cryptocurrencies,” Selkis said. In addition, the recent passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act by the House of Representatives, which saw significant Democratic support, reflects a potential policy shift. Cryptocurrency advocates welcomed the bipartisan bill's success in the House of Representatives but remain wary of its final form. While the industry sees this intention to address regulatory ambiguity as a symbolic win, there is caution about the potential regulatory implications. Approval of Solana's ETFs will be a major milestone, signaling broader acceptance and integration of cryptocurrencies into mainstream finance. However, as Ethereum ETFs await final approval, the crypto community remains cautiously optimistic. The industry's focus is on navigating the regulatory environment and ensuring that new policies support crypto innovation rather than hinder it.
$NOT The price of the currency has increased more than 20-fold since the moment it was listed. The currency has succeeded in crossing the barrier of one billion dollars as a market value for the project, and this is a very huge percentage.
The market value of the project reached about $3 billion, and this exceeds many famous and successful games in the world of blockchain as well. However, the currency underwent a price correction at the end of May, like other alternative currencies, especially memes. The price fell by about 50% but is still very high. #NOT🔥🔥🔥 Here, we advise monitoring the price, as it is difficult to determine whether the current time is a good buying point for this currency or not. There is no previous data to determine this. The best thing we advise here is to monitor the project and see if there is a lot of hype and updates regarding the game and its currency.
If you find that interest is still there, buy at the time of decline, and if you feel that the currency may fall further, you can wait for the $0.010 point at the point of one billion dollars as a market value. This means a decline from the current point of approximately 30%. But it is very possible that the currency bottomed at $0.015
Market situation: Cryptocurrency prices decline and $80 billion worth is lost in a matter of hours! $BTC $ETH $BNB The prices of cryptocurrencies fell sharply, as the crypto market lost approximately $80 billion in value in a matter of hours. This decline came as the price of Bitcoin fell to less than $69,000 over the end of the week. #Binance #TopCoinsJune2024 Bitcoin price decline: Last week, Bitcoin tried but failed to break the $69,000 mark, causing its value to fall by more than $2,000. #solana The currency then stabilized over the weekend at about $67,500. The start of the week saw a notable rise, as Bitcoin briefly crossed the $70,000 mark on Monday, and continued this rise to reach $72,000 on Friday, marking its highest level in several weeks.
But once again, Bitcoin encountered resistance at the $72,000 level and fell to multi-day lows at $68,500, before settling back above $69,000, reflecting a 2.7% decline on the day.
Bitcoin's market cap has fallen to $1.366 trillion, but its market dominance has risen to 50.8% at the expense of altcoins.
$BTC $NOT Don't be bait for whales This correction is still within its natural limits, and the most important support area now is the 67K area, and if it is broken, it will be considered a collapse in the market. This correction was made to code and liquidate futures contracts. The only winner is the one who still keeps his currencies or strengthens them when they fall and who has so much patience that it is impossible for him to be bait or an easy prey for the whales. #Notcion #BTC☀
$PEPE Short-term forecast 2024 Expectations indicate that the price of PEPE may continue to rise, especially if... The positive movement in the market continued. Estimates range from the price reaching around $0.000012 to $0.000020 by the end of 2024. #pepecoin🐸 #pepe #pepe⚡