Pepe coin price, a popular meme-based cryptocurrency, has faced a downturn amid the ongoing market correction. PEPE is trading bearish, slipping below its key support levels as Bitcoin’s performance influences altcoin trends. Currently, Bitcoin hovers below $95K, raising concerns of further declines. Will the PEPE price crash 50% as Bitcoin weakens further?
PEPE price is trading at $0.00001625, with a 8% decrease in the past 24-hours.
Bitcoin’s recent price weakness has raised concerns among analysts about its key support levels and broader market impact. Crypto analyst speculates that BTC holding $93,000 remains critical.
However, aggression from sellers could increase significantly if this level is lost. Based on technical analysis, there is a high likelihood of Bitcoin falling below this mark. If $93,000 gives way, the next target for Bitcoin is $85,000, but a brief dip further could unsettle potential buyers.
Pepe Coin price has also felt market pressure. Over the past week, the meme coin broke below the $0.00002 mark. This signals growing weakness as Bitcoin’s performance heavily influences altcoin movements. If Bitcoin continues to falter, Pepe Coin may see further declines.
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As it falls below important moving averages, Stellar finds itself in a difficult position: the asset's 50 EMA, a crucial support level during its most recent uptrend, has been broken below. By highlighting mounting bearish pressure, this move calls into question whether the recent price movements are sustainable. The fact that XLM has also dropped below the 26 EMA, another important indicator that usually serves as a dynamic support level during bullish trends, is even more concerning.
For long-term investors, a clear breakdown below this level might expose XLM to a more substantial correction toward the 200 EMA at $0.24. Conversely, a robust bounce above the 50 EMA might bolster bullish sentiment and pave the way for a retest of the resistance level at $0.44.
There is potential for price movement in either direction, as the RSI is presently hovering close to neutral territory. The situation necessitates caution even though the breakdown below these key indicators is not yet complete.
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$SOL has rebounded off the uptrend line, indicating that the bulls continue to defend the level aggressively.
Buyers will have to push and maintain the price above the 50-day SMA ($215) to indicate a comeback. Until then, every relief rally is likely to be sold into.
If the price turns down from the 20-day EMA, the risk of a break below the uptrend line increases. There is support at $175, but the level is likely to be broken. The SOL/USDT pair could then plummet to $155. Such a move will signal that the pair may continue oscillating inside the large range between $116 and $260 for a while longer.
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#RippleLabs $XRP has been trading inside a symmetrical triangle pattern, indicating a balance between supply and demand.
The flattish 20-day EMA ($2.29) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price breaks and closes above the resistance line, it will signal that the bulls have overpowered the bears. That may start a rally to $2.73 and later to $2.91.
Conversely, a break and close below the support line will suggest that the XRP/USDT pair may have topped out in the near term. The pair may then tumble to $1.62.
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$XRP has been showing resilience, holding up well despite the ongoing market correction. Although the short-term price action appears messy, it’s important to understand that XRP is currently experiencing a local pullback within a broader corrective phase. While the market is consolidating, this creates an interesting scenario for possible future moves.

Triangle Pattern Nearing Completion
The key chart development for XRP is the triangle pattern that has been in play since December 3. After more than a month of price action, the pattern could soon complete, triggering a price move. Whether this breakout is to the upside or downside remains to be seen, but the next move could happen at any moment.

Short-Term Price Action and Key Levels
In a bullish scenario, XRP could see an upside breakout. However, it may still dip lower before completing the triangle pattern. On the other hand, the bearish scenario suggests a deeper pullback before confirming a breakdown. While a move down looks more like a corrective pullback, it could still present an opportunity for consolidation before an upside breakout.

Key Support and Invalidation Levels
The critical support area to watch lies between $2.29 and $2.23. If XRP breaks below $2.29, it could test the key invalidation level at $1.96, which corresponds to the swing low from December 20. At the time of writing, XRP is trading at $2.33 level and is up by more than two percent in the last 24 hours.
Breakout Confirmation Levels
For an upside breakout, XRP needs to break above the green line at $2.50. This would be the first confirmation level of a breakout. However, to fully confirm the breakout, XRP must surpass the high of the D-wave.
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AVAX is attempting to bounce off the strong support near $35. but the relief rally is likely to be sold into.
If the price turns down from the current level or the 20-day EMA ($39.72), it will suggest that the bears remain in command. That will increase the likelihood of a break below $33.60. The next support on the downside is $30.


Conversely, if buyers drive the price above the 20-day EMA, it will suggest that the AVAX/USDT pair may stay range-bound between $35 and $45 for a few days. Buyers will be back in the game on a close above $45.
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Etherum has formed a head-and-shoulders pattern, which will be completed on a break and close below the neckline.
As the neckline is sloping up, the bearish pattern is relatively less reliable, but traders should not neglect it. The downsloping 20-day exponential moving average ($3,451) and the relative strength index #RSI in the negative territory indicate that bears hold the edge. If the price turns down from the current level or the 20-day EMA and breaks below the neckline, the ETH/USDT pair risks falling to $2,850.

If bulls want to prevent the downside, they will have to drive the price above the 20-day EMA. The pair could then climb to $3,745.
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The long-running lawsuit, launched by the SEC in December 2020, accused Ripple of violating securities laws through the sale of XRP to institutional investors. Judge Analisa Torres ruled last year that XRP was not a security, but the SEC appealed the decision, leaving the case in limbo.
The cryptocurrency industry is pinning its hopes on President-elect Donald Trump’s incoming administration for regulatory relief. Trump, who takes office on Jan. 20, has signaled a pro-crypto stance by nominating crypto ally Paul Atkins to chair the SEC. Many believe this could lead to a more favorable regulatory environment for Ripple and other digital assets.
A positive regulatory outcome for Ripple could position XRP among a select group of digital assets eligible for exchange-traded funds (ETFs). Bloomberg ETF expert Eric Balchunas predicts a surge in new crypto ETFs under new management, citing the record success of spot Bitcoin ETFs as a benchmark.
“XRP should be among the first to receive approval,” Balchunas said, but warned that even with a positive regulatory outcome, crypto ETFs still face lengthy approval processes.
Beyond its legal challenges, Ripple is looking toward a promising future with the growing adoption of its new stablecoin, RLUSD. The company aims to strengthen its narrative as a legitimate payment solution, which Guzman believes could further strengthen XRP’s position.

$SUI is finding support at the 20-day EMA ($4.64), indicating that the sentiment remains positive, and traders are buying on dips.
Buyers are trying to push the price to the overhead resistance at $5.37. If this level gets taken out, it will signal the resumption of the uptrend. The SUI/USDT pair may then attempt a rally to $5.82.
If bears want to prevent the upside, they will have to yank the price below the 50-day SMA ($4.21). If they manage to do that, it will signal that a short-term top is in place. The pair may slide to $4 and later to $3.50.
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$DOGE has been consolidating between $0.30 and $0.40 for the past few days, indicating buying on dips and selling on rallies.
The DOGE/USDT pair is trying to move up but is likely to face selling at the 20-day EMA  ($0.34). If the price turns down sharply from $0.34, the $0.30 level will be in danger of breaking down. The pair may then slump to $0.27.
Alternatively, a break and close above the 20-day EMA will keep the range-bound action intact. The pair may then attempt a rally to the overhead resistance of $0.40. Buyers will have to clear this hurdle to gain the upper hand.
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$TON has been gradually slipping toward the strong support zone between $4.72 and $4.44.
Buyers are expected to fiercely defend the support zone. If the price bounces off the support zone, the TON/USDT pair could reach the 20-day EMA ($5.57). The sellers will try to retain the advantage by halting the recovery at the 20-day EMA. If the price turns down from the 20-day EMA, the bears will make another attempt to sink the pair below $4.44.
Contrarily, a break and close above the moving averages will suggest that the pair may remain range-bound between $4.44 and $7.20 for some time.
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