📈 Analysis and Prediction (PEPE and MINA):
😄 PEPE/USDT - On October 24th, the token reached a peak of $0.00000106, marking the highest price since August. During this rise, the price also surpassed the horizontal resistance area at $0.00000080. It's no wonder that on October 24th, the project team announced the burning of 6.9 trillion #pepe tokens, worth approximately $6.4 million. There are two reasons for the bullish breakthrough. The first reason is that the price on the six-hour timeframe broke out of an ascending parallel channel and confirmed its upper boundary as support. The second reason is the most likely wave scenario according to Elliot Wave Theory, which suggests that PEPE is in an extended third wave of a five-wave bullish structure. If this analysis is correct, the price will rise to the next resistance at $0.00000145, which is 55% higher than the current price.
🚀 MINA/USDT - The largest cryptocurrency exchange in South Korea, Upbit, has announced the listing of the Mina Protocol token in the trading pair with the won. The coin responded to the news with an instant and rapid growth. Since the beginning of October, the price of MINA has been soaring. On October 22nd, it broke through a descending resistance line that had been in place for 168 days. During the growth, #mina demonstrated a powerful impulse by breaking above the horizontal resistance levels of $0.50 and $0.70 without experiencing any pullbacks. The main resistance area is located at the $1 level. If the coin breaks above it, it could rise to the next resistance at $3.20, which is 300% higher than the current price. This would be the final resistance before reaching an all-time high. Despite the bullish forecast, the failure to reclaim the $1 area could lead to a 50% drop to the descending trendline at $0.41.
What do you think of this analysis? 📚💬