Tron ( $TRX ) Price Dream Run Over With A 33% Drop This Week ?

The Tron price continues to display a negative price action by losing significant value from its portfolio over the past few days. Notably, this altcoin is presently trading at a discount of 33% from its ATH.

Considering the present market sentiments, is the Tron dream run exhausted? Or will this altcoin make a comeback and head toward a new high ?

TRX Price Slits 1/3rd Its Valuation This Week!

The Tron price has dropped ~5% in 24 hours with a trading volume of $1.35 billion. Despite recording a surge of over 45% in seven days, it has plunged 33.27% in the last 5 days. This indicates a strong bearish reversal.

The Simple Moving Average (SMA) is on the verge of displaying a bearish crossover in the daily time frame. This highlights an increase in the selling pressure for the altcoin in the market.

Further, the Relative Strength Index (RSI) has recorded a significant downtrend, with its average trendline experiencing a negative convergence. This suggests a negative outlook for the Tron price this week.

Will Tron Rise Back Up ?

Maintaining the price above its support level of $0.30 will set the stage for it to head toward its resistance level of $0.350. Furthermore, if the bullish sentiment sustains, this altcoin may retest its upper resistance level of $0.40 this month.

On the contrary, if the bears outrun the bulls, the TRX coin price will retest its support level of $0.250. Moreover, if the bearish sentiment intensifies, this could pull the price of this altcoin toward its low of $0.20.

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$PEPE Coin Achieves New Heights with Significant Price Surge

The meme-based cryptocurrency PEPE has captured attention with its recent surge. In the last 24 hours, PEPE recorded a 20% increase, reaching a peak of $0.00002622. This price spike raised its market valuation to over $11 billion, positioning PEPE as the third most valuable meme coin.

Whales Contribute to the Rally
Significant purchases by whales, large investors in the cryptocurrency market, played a key role in PEPE’s recent rise. According to on-chain data, whales have been making substantial acquisitions in recent weeks, reducing the market supply and exerting upward pressure on the price. This movement has made a notable contribution to PEPE’s market performance.

Additionally, an increase in trading volume on the derivatives market has caught attention. The volume of PEPE’s derivative transactions surged by 78%, reaching $1.67 billion. During this period, open positions also saw a significant increase of 39%, totaling $368 million. These developments indicate strong investor interest and support for price movements.

Expectations: A Further 150% Increase
Cryptocurrency analyst Javon Marks expressed that “PEPE could show a 150% increase in the upcoming weeks,” suggesting that the price may rise even further. This forecast based on PEPE’s current market price is closely monitored by traders.

PEPE’s performance has reignited discussions about its competition with SHIB, which currently boasts a market value of $19 billion. The $8 billion gap is seen by some as a challenging target, but market dynamics could potentially bridge this gap.

With its latest rally, PEPE has generated significant excitement among market players and traders. The impact of market conditions on this performance in the coming weeks remains a topic of intrigue.

#PepeCoinToTheMoon #Memerally

Dogecoin ( $DOGE ) Gains Strength As Key Breakout Approaches: Are Bigger Gains On Horizon ?

In the cryptocurrency market today, the memecoins is stealing the spotlight from the ongoing altcoin rally, as major memecoins have recorded noticeable gains in the past hour.

Among these, Dogecoin (DOGE) has captured significant attention, with a sudden surge in the last hour, now trading at $0.4485 and displaying strong momentum as it approaches a key breakout level.

The excitement around DOGE has been further fueled by Elon Musk, who recently shared an intriguing image of a sandstorm featuring the face of Doge. This playful post has sparked enthusiasm within the crypto community, triggering a fresh wave of buying pressure for DOGE.

Key Breakout Approaches

For the past three weeks, Dogecoin has been consolidating within a bullish pennant pattern, a setup often indicating strong potential for a breakout. Currently trading at $0.4484, DOGE is approaching the upper trendline of this formation.

If the ongoing bullish momentum persists and DOGE breaches the upper trendline, a breakout could propel the price beyond the 0.4650 level, a key confirmation point. Once this level is surpassed, DOGE could target the $0.60 mark, representing a potential 30% upside from the confirmation level. Furthermore, a continued rally could drive the token toward its all-time high of $0.7376.

What’s Next for DOGE ?

As Bitcoin dominance declines and memecoins regain traction, DOGE appears well-positioned to deliver significant gains. However, it’s crucial to watch for confirmation above the $0.4950 level to validate the bullish trend. A failure to break out could result in further consolidation within the pennant.

#2024withBinance #doge⚡ #Share1BNBDaily

First Time Since March: $ETH Price Skyrockets Past $4K as ETF Demand Rises

ETH has finally joined the bull party as its price shot up to over $4,000 for the first time since March this year.

This spectacular surge comes on the heels of the growing interest and demand for the spot Ethereum ETFs, as Thursday was the best day ever in terms of net inflows.

On the day the US presidential elections were decided – November 6 – ETH’s price struggled at around $2,500. The rest of the market was in anticipation of the results but once it became clear that Trump will be the next POTUS, BTC and most alts exploded.

Ethereum also went up but remained in the shadow of bitcoin and many altcoins, such as XRP, DOGE, XLM, TRX, SOL, and even BNB at one point. Many of those charted fresh all-time highs, while others went to multi-year peaks.

ETH couldn’t keep up, and its price stood within a tight range between $3,000 and $3,400 for a few weeks. However, its moment finally arrived in the past week or so as the second-largest digital asset shot up by 14% within this timeframe.

Moreover, ETH is up by more than 6% in the past 24 hours alone. This helped it surpass the coveted $4,000 level for the first time since March this year. It climbed to nearly $4,100 minutes ago and now remains inches below that level.

Perhaps the most probable reason behind this impressive rally is the change in dynamics around the spot Ethereum ETFs. The financial vehicles struggled for months to attract investors’ attention, especially when compared to their BTC counterparts, but the landscape is entirely different now.

The Ethereum ETFs registered their best day to date on December 5, as they saw $428.5 million in net inflows. This broke the previous record from November 29 of $332.9 million.

BlackRock’s ETHA led the pack, with $292.7 million, followed by Fidelity’s FETH ($113.6 million).

#ETHCrosses4K #2024withBinance #Share1BNBDaily

Sandbox $SAND Price Records New 52-week High, $1.50 On The Horizon ?

The SAND price has reclaimed the $1 mark with a monthly surge of over 300%.
The EMA 50/200-day indicator shows a Golden Cross in 1D time frame, hinting at a price target of $1.50.

Short-term bullish price targets are $1.07 and $1.25 respectively.
As Bitcoin price achieves its milestone price of $100,000 today, the cryptocurrency market has hit a new ATH. Following this, the altcoin market has recorded a significant uptrend with gaming tokens bagging the highest gains. Moreover, the SAND token has claimed the position of the daily top gainer.

With this altcoin achieving a new 22-month high and surpassing the $1 mark, will it maintain its price rally and head toward its 29-month high of $1.50 this month? Read CoinPedia’s Sandbox (SAND) Price Analysis now!

SAND Price Records A New 52-week High!
The Sandbox price added 12.67% to its portfolio in 24 hours with a trading volume of $3.977 billion, a change of +120.34%. Moreover, it has surged 55.35% in seven days and 300.47% in the last 30 days.

The EMA 50/200-day displays a Golden Cross in the daily time frame. Moreover, with a significant uptrend in the SAND price chart, this suggests an increase in the buying pressure for the altcoin in the crypto market.

The Relative Strength Index (RSI) has successfully retested its overbought range and displayed a sharp rise. With its average constantly acting as a support, the Sandbox price may continue gaining value in the upcoming time.

How High Will SAND Crypto Go?

Maintaining the price above its support level of $0.90 will set the stage for this altcoin to retest its resistance level of $1.07. Furthermore, if the bulls gain momentum at that point, this could push the Sandbox price toward its upper high of $1.250.

However, if a bearish reversal occurs, this could result in this altcoin retesting its support level of $0.90. If the bulls fail to hold momentum at that point, this could result in it plunging toward its lower support level of $0.720 this month.

#2024withBinance #AltcoinMarketWatch

Ethereum $ETH Soared : Finally Above $4,000

The world's largest altcoin, Ethereum, managed to surpass the $4,000 barrier for the first time since March, according to the latest data.

Having increased by 6% in the last 24 hours, ETH made the move that the cryptocurrency community had been waiting for after a long wait. Interestingly, this rise came on a day when almost all major cryptocurrencies, except XRP, experienced a decline.

On the other hand, despite Bitcoin breaking its all-time high price record many times recently, Ethereum is still trading 18% lower than its record of $4,891.

Bitcoin price has declined by 4% in the last 24 hours and has fallen below the historic $100,000 threshold.

With the attack made by ETH, the majority of the liquidations in the entire cryptocurrency market in the last hour were on the Ethereum side. In the last hour, a total of $22 million was liquidated in the cryptocurrency market, $7 million of which was through ETH.

Interestingly, the cryptocurrency market faced a massive liquidation wave of $919 million in the last 24 hours. $753 million of these liquidations were in long positions.

#ETHCrosses4K #2024withBinance #Share1BNBDaily