Public account: Encryption in C
According to the Kuala Lumpur Energy Map, if Bitcoin breaks through 70,000 in the short term, it will cause a loss of 1.68 billion US dollars; if it falls below 57,000, it will cause a loss of 1.43 billion US dollars. The Federal Reserve will continue to cut interest rates in early November, which is good for the entire cryptocurrency circle. Once Bitcoin breaks through 65,000 in the near future, the next level will challenge the 70,000 mark. The probability of going up is greater. Be aware of the risks when shorting.
The world of cryptocurrency has seen tremendous growth in recent years. 3 cryptocurrencies that will earn you $50,000 with a $500 investment in October 2024!
SUI ($SUI): Strong momentum
SUI's market cap is currently $4.1 billion. The recent rise in the share price has caught the attention of investors. The 50-200 day EMA crossover hints at a possible trend reversal.
Telegaon Markets analyst noted, “SUI’s price is likely to benefit from the recent surge in total value locked (TVL), which could drive it further up. This development contrasts with Solana given Sui’s rapid growth.”
Litecoin ($LTC)
LTC was founded in 2011 and is one of the earliest cryptocurrencies after Bitcoin. The coin was created by former Google employee Charlie Lee. Although similar to Bitcoin, it has more advantages in terms of block generation speed and transaction speed. As of January this year, the total market value of LTC reached US$7.3 billion, with a single value of US$105.
Pepe ($PEPE) struggles to breakout amid resistance
Pepe (PEPE) recently rebounded from the important horizontal support at $0.00000701 to rise to the upper resistance of the triangle pattern at $0.00000876. The price has risen by 12.86% in a week, which is a sign of recent strength. It is likely to rise to the next resistance at $0.00000965 – about 21% higher than the current high.
On the downside, the supports are found at $0.00000635 and $0.00000526, suggesting some stability below. The RSI is as high as 77.66, indicating overbought conditions, which could slow down the upward momentum. The overall trend shows that PEPE is trying to move higher, but the resistance level is the key to watch.
This is the top altcoin that I have always been optimistic about. Just wait for the pullback and rush in without thinking. It will always bring you surprises.
