Toncoin (TON) registered an incredible increase of almost 14% over the past seven days, despite its upward push stalling over the weekend after encountering strong resistance around $6. TON was extremely bullish last week as it surged on Monday, reaching a day high of $5.69. However, buyers could not sustain momentum, and TON eventually settled at $5.25, registering an increase of 6.12%. TON surged past the 20-day SMA on Tuesday, rising by 5.65% and settling at $5.55. However, after encountering resistance, the price fell back on Wednesday, dropping to a low of $5.15 before recovering and settling at $5.39, back above the moving average.
TON attempted a move past the resistance at $5.60 on Thursday but eventually settled at $5.58 after an increase of 3.43%. It finally broke past this level on Friday, rising by 4.25% and settling at $5.81. Buyers attempted a move to $6 but lost momentum after reaching a high of $5.93, with the 50-day SMA coming into play as resistance. TON fell back over the weekend as demand dried up, dropping 2.38% on Saturday and 2.24% on Sunday to slip back below $5.60 and settle at $5.55. The current session sees TON up by 0.80% after sellers failed to lower the price. Buyers will look to reclaim $5.60. If TON can consolidate above this level, a push above the 50-day SMA to $6 could be possible.
However, if sellers retake control, TON could slip to $5.30, where the 20-day SMA could act as support. Should TON continue to drop, its next support level lies at $5.
Neiro and 2 memecoins may skyrocket as Binance reveals listing
The cryptocurrency market is abuzz as Binance announces its latest listings, which include NEIRO, TURBO, and BabyDoge. This decision by the prominent exchange platform could significantly influence their market trajectories.
Binance has announced the addition of three new cryptocurrencies to its platform. Starting on September 16, 2024, at 10:00 UTC, users will be able to trade Neiro (NEIRO), Turbo (TURBO), and Baby Dogecoin. These tokens will be available in several trading pairs. Investors must conduct thorough research before trading these new tokens on other platforms. This step helps in safeguarding their investments against potential scams.
NEIRO has recently experienced a price dip. In contrast, TURBO and BabyDoge have notably increased their market prices, demonstrating a strong bullish pattern and fostering optimism among their holders.Â
In a promising development for cryptocurrency enthusiasts, Binance has announced the addition of Neiro, Turbo, and Baby DogeCoin to its trading platform. This strategic expansion could significantly impact the altcoin market. If the price of Neiro continues to gain momentum, it could rally to $0.08. If this trend persists, a surge toward $0.1 in the near term might be on the horizon.
SUI Price Gains 139% in 42 Days: Can It Reach $2.07?Â
Becoming one of the top-performing cryptos last week, the SUI price continued a bullish trend for two weeks. As the demand for altcoins grows and the broader market recovery chances improve with the rate cut possibilities, buyers are lining up for SUI.
Will a new breakout run and the price jump of 50% Fibonacci level result in a new all-time high for SUI this year? Letâs find out.Â
With a falling channel pattern in the daily chart, the SUI price is on a bullish recovery rally. Following the channel breakout, the SUI consolidated between the 23.60% and 50% Fibonacci level, ranging from $0.73 to $1.05.Â
With broader market crypto recovery last week, the SUI price reclaims the $1.00 psychological mark and surpasses the 50% Fibonacci level. Further, the SUI recovery creates a rounding bottom in the daily chart with a neckline at the 50% Fibonacci level.Â
Currently, the SUI price is trading at $1.1079 with an intraday gain of 2.73%. From its recent bottom at $0.46 on 5th August, the SUI price is up by 139% in just 42 days.Â
As the recovery rally gains momentum with the recent rounding bottom reversal, the channel breakout rally is likely to exceed the 61.80% Fibonacci level at $1.2371.Â
With three consecutive bullish candles and the breakout rally gaining momentum, the SUI price is just 49.20% away from its previous swing high at $2.1816. Based on the Fibonacci levels, the upcoming target levels for the SUI token are $1.55 and $2.07.Â
Optimistically, the logarithmic price chart and the Fibonacci levels present $4.8051 as an ideal year-end target. Hence, with a massive upside potential of more than 300% and an ongoing recovery crossing $1, the SUI token is one of the fastest altcoins to watch in the crypto market.
Polygon's MATIC migrates to POL: will POL rise back?
A couple of days ago, the Polygon chain accomplished its much-awaited migration, wherein POL replaced MATIC as the native gas and staking token. While the newly launched POL is expected to play a crucial role in AggLayer, the community could decide to expand the utility of POL in subsequent phases. While the MATIC on the Polygon zkEVM will be automatically swapped to POL on a 1:1 basis, the tokens on Ethereum and other chains require a manual migration.Â
Meanwhile, the POL price remained stuck under $0.4 until the traders jumped in with a massive influx of buying volume. The POL price experienced a quick upswing after the volume soared. above $70 million, halting the ongoing descending trend. The technicals have turned in a bullish favour, which revives the possibility of reclaiming $0.5. The bulls are trying hard to materialize a parabolic recovery and a bullish close above $0.44 may keep up the probability of a bullish continuation for the next few days.Â
The price is trying to set a parabolic curve, which appears to be more likely as the RSI is ascending with the MACD close to undergoing a parabolic crossover. Besides, the steep rise in volume suggests an immense rise in the traderâs confidence. Therefore, the POL price is believed to maintain a steep upswing and rise above $0.57. However, the token may face a pullback before reaching the pivotal $0.6 zone, which may exhaust the selling pressure.Â
The upcoming quarter is believed to retain a strong bullish momentum within the markets and hence the POL price is also believed to demonstrate some strength. Therefore, as the market dynamics change, the token is expected to reclaim the $1 milestone, validating a move above the bearish influence. Although forming a new ATH remains a tedious job, the Polygon (MATIC) price or the POL price is believed to maintain a slow and steady upswing in the days ahead.Â
Toncoin (TON) holders record gains as supply in profit climbs to weekly high â analysis by BeInCrypto
Toncoin (TON) holders are seeing their investments pay off. The supply of coins held at a profit has reached a new weekly high, following a decline to a seven-month low.Â
This surge in profitability comes just a week after Telegram CEO Pavel Durov broke his silence regarding his arrest in France.
Following Pavel Durovâs public condemnation of his arrest on September 5, market sentiment has shifted positively towards Toncoin. The value of the Telegram-linked asset has surged by 15% over the past seven days, bucking the general market downtrend.Â
As Toncoinâs price climbs, the percentage of its total supply held in profit has also surged. At press time, it sits at a seven-day high of 53%.Â
This rise in profit has led to a shift in strategy among TONâs short-term holders. Data from IntoTheBlock reveals that many addresses that purchased the coin in the past month are now holding onto it, resisting the urge to sell.
TONâs technical setup confirms that the altcoin is poised to extend its gains. For example, the Moving Average Convergence/Divergence (MACD) indicator â which tracks trend direction, shifts, and potential price reversal points â confirms the growing demand for the altcoin. At press time, TONâs MACD line (blue) rests above its signal line (orange) and is making its way toward the zero line.
If TON maintains this uptrend, it will target resistance at $6.8.
However, a spike in profit-taking activity may invalidate this bullish projection. If selling pressure gains momentum, it will pull Toncoinâs price to $4.46.Â
DOGS price prediction: price is heading into the buying area
DOGS token has been trending for the past few days while the price has remained within a consolidated range. Â
After the pullback soon after the launch, the DOGS price began to closely consolidate within a range, indicating less interference of both bulls and bears. However, the token has held the local support at $0.001 tightly, which has kept the bullish hopes alive. Therefore, the DOGS price is believed to maintain a horizontal consolidation for a while and initiate a fresh rise beyond $0.00117 in the next few hours.Â
The DOGS price remains consolidated above the crucial support zone between $0.00098 and $0.000998, as the bulls have held above $0.001 at the moment. Meanwhile, the MACD suggests an equal participation of bulls and bears as the RSI remains elevated. Once either of the bulls or bears faces exhaustion, the rally is expected to demonstrate a relevant move. Hence, the DOGS price may hit the local support, attracting decent buying volume, which may further trigger a rise to the local high at $0.0011. Once bulls hold these levels, then a rally to previous highs beyond $0.014 initially and later at $0.16 could be imminent.Â
Everything you needed to know about affiliate programs and how they ensure passive income. Crypto industry has shaped and put in mainstream many community-oriented frameworks for promotion. Todayâs article will dive into one of the most beneficial for users â affiliate programs. What are affiliate programs, how do they work, and why they are the essence of community-building â the topics will be topped by examples of the most popular affiliate programs to choose from. Stay tuned! What Is Affiliate Program Crypto affiliate programs provide an opportunity for individuals, influencers, and businesses to earn commissions by promoting cryptocurrency-related products and services. By putting it simply, crypto companies offer entities to promote the product within their own channels for recurring commissions, providing affiliates (this is how the entities who promote a product called) with a stack of facilities: marketing materials, dashboards etc. This allows for crypto companies to establish a separate promotion channel with a moderate objectivity, combining influential marketing and referrals all at once. The outcome is a win-win: affiliates receive profits while the company is promoted nearly independently, with the marketing infrastructure being distributed between users. One of the many iterations of decentralisation. How Affiliate Programs Work Typically, affiliate programs operate on a performance-based model: affiliates receive proportional compensation for driving traffic, leads, or sales to the crypto services. The commissions are also calculated upon number of referrals, volume of transactions, size of referral discount, or the lifetime value of driven customers, providing affiliates with multiple earning opportunities and (crucially) potential for passive income. While affiliate programs envisage an individual promotion for the returns, crypto companies tend to support affiliates with specific features and resources. This may include access to marketing materials, detailed promotional data, educational resources, and even personal account managers. As for the commissions, they typically support a variety of payment options to accommodate affiliates worldwide. Payments are commonly made in Bitcoin (BTC), Ethereum (ETH), and stablecoins. Most Popular Affiliate Programs Kraken Affiliate Program The affiliate program of Kraken stands out for its 20% recurring commissions and lengthy 180-day cookie duration. This means, the approved affiliate applicant can earn commissions if referred users trade within 6 months of following the link. Just like the majority of exchanges, Kraken targets established content creators and crypto influencers. Ones are provided with text links and banner ads, as well as clicks and conversion tracking, transforming the affiliate program into an all-in-one digital dashboard. This allows affiliates to choose the strategy in driving referrals â from posting a themed media content to strategically banners on high-traffic pages. All for the elaborated promotion and opportunity for the clients to earn passive income. WhiteBIT Affiliate Program The hallmark of WhiteBITâs affiliate program lies in its diverse and at the same time exclusive approach for picking the affiliates. While a majority of companies stream its preferences to crypto influencers, one of the largest European crypto exchanges is also ready to foster educational businesses, mobile, and even individual customers with a network of traders. All of the entities are open to up to 60% commissions, smart conversion dashboard, and round-the-clock support. Letting alone an exclusive approach on the returns and discounts for referrals, a first look on which can be taken via profit calculator. Besides, WhiteBIT also offers basic affiliate feature â a suite of graphical and marketing materials to work with. OKX Affiliate Program OKX can boast of one of the most popular affiliate programs with over 15,000 affiliates involved. Such a vast network is granted with decent commission (20,000 USDT/month on average), swift application flow, and 24-7 support from an account manager. The main feature of the OKX affiliate program is the ability to partner with sub-affiliates. Simply put, affiliates can build and manage their own team and work together specifically to expand the reach of OKX promotion. On top of up to 50% commissions and exclusive rewards for the referrals, OKX affiliate program shares the top spot alongside other decent affiliate options. Why Affiliate Programs Matter Affiliate programs have become a cornerstone of the crypto industry's growth, creating a win-win for both companies and participants. They not only drive user acquisition in a decentralized manner but also empower individuals to take part in the ecosystem's expansion while earning rewards. By building trust, increasing engagement, and incentivizing promotion, affiliate programs fuel wider adoption and foster a more interconnected crypto community. As the space evolves, these programs will continue to play a pivotal role in shaping the future of cryptocurrency, offering vast potential for those ready to seize the opportunity. #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #dappOSTheFutureofIntents #CPI_BTC_Watch
Toncoin price prediction: will the rally pick up again after recent dip? â perspective by AMBCrypto
Toncoin (TON) has witnessed a 108% surge in the number of large transactions. Similarly, the number of active addresses has spiked by 35.13% from 2.44 million to 3.3 million.Â
This significant increase in the number of big players affirmed by the increase in market trading activity may bring a significant price movement for TON.
Toncoin price was approaching a key level at press time after a tremendous bullish rally. The altcoin had a 22% rally over the last three days before changing its trajectory.Â
In the last 24 hours, as per CoinMarketCap, the altcoin has plummeted by 1.06%, despite a long-term surge of 14.18% in the past seven days.
What is more, Toncoin bulls have defended the market with their increased large transactions, as indicated by the IntoTheBlock data. The number of large transactions spiked from 975 to 1.85K transactions.
The whale positions in the market suggest they anticipate an overall price rally towards the next resistance level in line at $6.02.
Despite the bullish sentiments aforementioned, Toncoin has experienced a declining long-short ratio since 9th September. This may suggest a short-term price correction before the market resumes its upward trajectory.
The price correction may be nearing an end, as evidenced by increasing whale and trading activity.
The increasing whale activity and trading activity converges with the price action analysis. All indicators point to a bullish run continuation.Â
However, Toncoin may experience some correction in the short-term before rallying to the target price at around $6.02.
Solana shows signs of recovery: key indicators signal upward momentum â perspective by AMBCrypto
Solanaâs (SOL) price nearly broke below its crucial support level of $126. Since early March, this support has prevented a significant drop in price.
However, the cryptocurrency is now showing signs of recovery. Investors are keen to determine if SOL is on the verge of a price rally, especially as technical indicators point to a potential upward movement.
The Chaikin Money Flow (CMF) indicator, which tracks the inflow and outflow of capital into an asset, is currently showing a notable uptick for Solana. This is a strong sign that the cryptocurrency is seeing consistent buying pressure, which could be a precursor to a price rally. However, despite the uptick, netflows remain negative, indicating that there is still some outflow of capital, which could limit the strength of this momentum.
Solanaâs price has been fluctuating between $186 and $126 over the past several weeks. Short-term consolidation is occurring under the $160 level, with the current price of $134 hovering around the local resistance of $137. To maintain upward momentum, SOL needs to break through this local resistance.
Given the strong technical indicators, including the CMF and MACD, itâs likely that Solana will flip this $137 barrier into support and bounce higher. If this happens, the next target for the altcoin is $155, followed by a more critical resistance level of $160. Surpassing $160 could open the door for further price gains.
However, if Solana fails to break above $137, it could fall back to its previous support at $126. This scenario would invalidate the bullish thesis and may lead to prolonged consolidation, trapping the price within a tighter range.Â
SUI price smashes through $1 with 18% daily growth. Will it grow to $1.55?
Over the last week, despite the increased volatility in Bitcoin and Ethereum before the CPI data release, SUI maintained a bullish trend. SUI price upheld a 15% rise then to rank among the top weekly performers.Â
Will the new recovery run and the price jump above $1 result in a new 52-week high for SUI this season? Letâs find out.Â
As the broader market sentiments are improving, the bull run in the SUI token price is expected to gain momentum. With the bullish narrative of SUI, the crypto analyst BMOON tweets about the upcoming rally with a potential target of $3.6.Â
Reflecting a positive channel in a weekly time frame, BMOON expects the bull cycle in SUI price within the channel to hit $3.6552.Â
Adding credibility to the project, Grayscaleâs new Trust adds credibility to SUI, reinforcing positive market sentiment.Â
Currently, it has reclaimed the psychological mark of $1 and is trading with a 14.48% jump in the past 24 hours. With the recovery rally in motion, the past seven days for SUI price have been profitable, with a surge of 26.17%.Â
As per our technical analysis, the Logarithmic daily chart reveals a bullish cycle from the 23.60% Fibonacci level. The recovery run gains momentum as the retest of the falling channel breakout reveals massive demand at lower levels.Â
The bull cycle is now accounting for a price jump of 36.25% in the last ten days. With this, the SUI price is now challenging the crucial resistance of 50% Fibonacci level at $1.0541.Â
With a bullish engulfing candle of 11.4% intraday jump completing a morning star pattern, the sentiments are improving. Hence, the chances of a bullish breakout rally in SUI prices are significantly increasing. In the near term, before SUI reaches BMOONâs expected $3.65 target, the near-term resistances are at 61.80% and 78.60% levels at $1.23 and $1.55, respectively.Â
Pepe (PEPE) Reaches Peak Overvaluation, Puts Holders at Risk  â perspective by BeInCrypto
On-chain data shows meme coin Pepe (PEPE) is at its most overvalued since the start of the year. This follows a whale withdrawing 4 trillion tokens worth $28.40 million from Bybit.
PEPEâs Network Value to Transaction (NVT) ratio has soared to its highest level since the beginning of the year. This metric, which compares PEPEâs market capitalization to the value of its tokens transacted daily, currently sits at 202, having risen by 494% over the past 24 hours.Â
Additionally, the negative divergence between PEPEâs price and trading volume in the past 24 hours reinforces this outlook. PEPE is trading at $0.0000071, down 4%, while its trading volume surged by 70%.
The declining Chaikin Money Flow (CMF) for PEPE further confirms reduced buying pressure. At present, the CMF, which tracks the flow of capital into and out of the market, is below zero and trending downward, signaling market weakness and increased liquidity exit.
If PEPE holders continue to remove capital from its market, the tokenâs value will drop to $0.0000059.
However, if market sentiment improves and demand rises, the meme coin could erase a zero and trade at $0.000010.
đšNotcoin (NOT) price may go to ALL-TIME LOW in the nearest future â BeInCrypto
According to BeInCrypto, Notcoin (NOT) bears have a clear objective: to push the altcoinâs price back to its all-time low of $0.005. This is reflected in the tokenâs struggle to break above the descending trend line it has traded below since July.
Coupled with declining network activity, the Telegram-linked token could face an additional 29% drop in price.
The analysis of Notcoinâs one-day chart reveals that the asset has been moving under a descending resistance line since July 20. This pattern indicates a bearish trend, suggesting a gradual decline in the assetâs price.
NOTâs 4% price increase over the past week suggests an effort to break above the descending resistance line. However, if this attempt fails, it will likely signal a rejection of the uptrend and a continuation of the downtrend.
The tokenâs declining network and whale activity further reinforce this outlook. On-chain data indicates a decrease in both daily active and new addresses trading Notcoin. Over the past week, daily active addresses for NOT dropped by 17%, while new addresses created to trade the altcoin fell by 16%.
Despite the 4% price rise over the past week, bearish bias trails Notcoin. This is reflected in its persistently negative Elder-Ray Index, which measures the bull-bear power in the market. This indicator stands at -0.00024 at press time, suggesting that bear power is dominant.
If the attempt to break above the descending trend line fails, NOT will resume its downtrend. As selling pressure mounts, it may fall toward its all-time low of $0.0048, which it last traded at on May 24.Â
However, if the token witnesses a shift in market sentiment from negative to positive, its price may climb toward $0.011, invalidating the bearish projections above.Â
Can Toncoin (TON) overcome $5.3 barrier and reach $7.9? Let's find out!
Like several other cryptos, Toncoin (TON) has also registered promising growth in the last 24 hours. But the token was testing a crucial resistance â a jump above that could lead to a massive surge.Â
However, an unsuccessful test could cause a price drop. Letâs take a look at whatâs going on.Â
As per CoinMarketCap, Toncoinâs price surged by barely 4% in the last 24 hours alone. At the time of writing, TON was trading at $5.31 with a market capitalization of over $13 million, making it the ninth-largest crypto.
However, despite the price increase, only 15.4 million TON addresses were in profit, which accounted for 26% of the total number of addresses.
This stat might change soon if the token manages a breakout. The analysis of Toncoinâs daily chart revealed that it was about to test a resistance level.Â
In case of a bullish breakout, then investors might soon see Ton touching $6.8 again. A jump above that could end up in TON reclaiming $7.9.Â
Santimentâs data also revealed that Toncoinâs supply on exchanges dropped sharply, while its supply outside of exchanges increased. This clearly indicated a rise in buying pressure.Â
Hyblock Capitalâs data revealed a similar story. TONâs whale vs. retail delta dropped from 100 to 59; this clearly indicated that whalesâ exposure in the market declined in the last few hours, which can be inferred as a bearish signal.Â
What is more, MACD displayed a bullish crossover. The Chaikin Money Flow (CMF) also registered an uptick. TONâs Money Flow Index also followed a similar trend as it went northwards, indicating a price rise in the coming days.Â
in case of a continued price increase, Toncoin might soon touch $5.7. At this point, the token might witness a correction as liquidation will rise.
However, in case of a bearish takeover, the token might drop to $3.7 in the coming days.
What PEPE traders need to know before making the next move â perspective by AMBCrypto
Pepe (PEPE) was testing a key resistance level of $0.0000077 at press time. This comes after the meme coin rejected a key bullish pennant at $0.0000063 and acquired a massive surge of 20% to the recent trading price.
The $0.0000077 level emerged as a barrier to the bullish momentum breaking out to test the higher resistance at $0.0000091.
This consolidation phase precedes a period of upward movements, raising market curiosity on whether the bull rally will continue or not.
The stochastic RSI indicator for PEPE hinted at a bullish divergence. This suggests the ongoing consolidation might lead to an upward movement. However, a bearish run cannot be written off since the stochastic RSI was approaching an overbought zone.
The bullish pennant pattern on the chart strengthens the chance of a breakout. However, the $0.0000077 resistance level still poses a major challenge for the bulls to beat.
Taking a closer look at market trends, the Coinglass liquidation heatmap revealed some interesting trends on whale activity.
The data showed that PEPE whales are returning. Key market participants are positioning themselves around current prices, which might spark excitement if PEPE makes a significant move.
Looking ahead, market participants are keeping an eye on that $0.0000077 resistance level. Pushing past it could send PEPE rocketing up to its recent high of $0.0000091.
If it fails to break through, we might see it drop back down to support around $0.0000069.
Dogecoin (DOGE) poised for retest? â price analysis by Cointelegraph
Dogecoin (DOGE) remains in a downtrend, but the bulls are trying to form a higher low at $0.09.
If buyers propel the price above the 20-day EMA ($0.10), the DOGE/USDT pair could rally to the downtrend line. This is a formidable hurdle for the bulls to cross, but if they prevail, the pair may start a move to $0.14.
Instead, if the price turns down sharply from the 20-day EMA and breaks below $0.09, it will suggest that the bears remain in charge. The pair may then plummet to $0.08 and later to the support line of the falling wedge pattern.
SOL price eyes $150 as whale activity signals fresh rally! Here's why:
In the weekly chart, the SOL price trend shows constant support from the 50% Fibonacci level at $129.87 and the 50 weekly EMA. Currently, the weekly chart reveals a consolidation phase between the 78.60% Fibonacci level at $198 with the bottom support of 50% Fibonacci level.
The lower high formation within the consolidation range reveals a weakness in the bullish momentum. However, the recent possibility of a morning star pattern near the crucial support teases a new bullish cycle.Â
The DMI indicator in the weekly chart reveals an indecisive trend between the VI lines. Further, a declining trend is visible in the ADX line during the SOL price consolidation phase.
Hence, the momentum is declining, but the trend still needs to be decided. A bullish cycle will reveal a positive alignment in the VI lines, and a potential uptick in the ADX line will help sustain the uptrend.Â
Using the trend-based Fibonacci level, the SOL price uptrend shows the next resistance at 23.60% at $173. The next resistance lies at the $200 ceiling and the $224 mark.Â
Meanwhile, a Solana whale recently scooped 34,807 SOL tokens, amounting to $4.52 million. This is part of a larger accumulation strategy, with the whale having withdrawn nearly 206,951 SOL tokens worth $29.3 million.Â
This puts Solana in the bullish spotlight for the next month.
Following in TON's footsteps, the NOT crypto has displayed a similar price action by adding approximately 4% to its valuation within the past day. With strong fundamentals and a discounted price of 73.4%, this crypto project holds a high long-term bullish return.
The Relative Strength Index (RSI) indicator has successfully retested its oversold range in the 1D time frame. This suggests an increase in the price of altcoin in the crypto market. Notably, with the rising volatility, a bullish rebound is anticipated from the Ton-chain in the coming time.
Maintaining the price above its resistance level of $0.00925 could set the stage for NOT coin price to test its upper level of $0.0140. However, if the bearish sentiment intensifies, this altcoin could retest its low of $0.00455 this month.
PEPE Whalesâ $42 Million Accumulation Could Prevent 10% Decline in Price â price analysis by BeInCrypto
PEPE whales are saving the meme coinâs price, which has been struggling to recover its losses following a significant crash at the end of July. Despite several attempts to regain momentum, PEPE remains close to testing a critical support floor.Â
As of now, these large wallet holders seem to be the key force preventing further decline. Without their intervention, the altcoin could potentially lose its support level, leading to a deeper price drop.
In recent weeks, the overall market sentiment surrounding the PEPE price has turnedincreasingly bearish. Long-term holders, who traditionally play a vital role in supporting cryptocurrency prices, have shown signs of decreasing confidence.Â
However, despite the bearish outlook from long-term holders, whale activity has played a crucial role in keeping the PEPE price afloat. Earlier this week, top addressesâexcluding exchange walletsâcollectively added more than 6 trillion PEPE, valued at a little over $42 million.Â
This has reflected on the chart. PEPE price is presently trading just above its critical support floor of $0.00000702. This line has acted as strong support multiple times over the past few months.Â
Thus, there is a reasonable expectation that PEPE will hold above this level for now. Should the price break below this line, it could spell trouble for the altcoinâs short-term prospects.
Currently priced at $0.00000710, PEPE is likely to continue its sideways movement in the near term. If the current level of buying persists, the coin could make a move toward its next resistance at $0.00000912.Â
However, if selling pressure intensifies, this outlook could quickly shift. In that scenario, PEPE could see a decline to its support level at $0.00000633, invalidating any potential bullish-neutral thesis.
Toncoin Leads Crypto Market Rebound After Pavel Durov Breaks Silence
The odds appear to be shifting in favor of Telegram-linked Toncoin (TON), whose value has risen by almost 10% in the past 24 hours.
The altcoin has outperformed other cryptocurrencies during that period, thanks to Pavel Durovâs first public statement since his arrest on August 24.
In the statement, Durov expressed gratitude for the support he received following his recent arrest in France, where he was questioned by police for four days. He revealed that authorities suggested he could be held personally responsible for illegal activities on Telegram due to a lack of response from the platform.
Durov highlighted that Telegram has a designated representative in the EU to handle such requests and that French authorities had various means to reach him. He criticized the approach of holding CEOs accountable for third-party actions on their platforms, calling it a misguided application of outdated laws.Â
Toncoinâs performance on the 12-hour chart hints at the possibility of an extended rally.Â
First, readings from its Moving Average Convergence/Divergence (MACD) show its MACD line (blue) poised to cross above its signal line (orange). When this happens, it indicates a potential shift in the market trend from bearish to bullish. It suggests that the assetâs momentum is trending upward, and traders often interpret this as a buy signal.
Also, the Chaikin Money Flow (CMF), which tracks how money flows into and out of the market, attempts to cross above the zero line. When an assetâs CMF crosses above zero, it indicates that buying pressure is starting to outweigh selling pressure. Therefore, it suggests that buyers are gaining control of the market.Â
If this buying pressure is sustained, TONâs price could rally toward $5.32. Breaking past this critical area of resistance could increase the chances for another upward move to $5.96.
With XRP Legal Ruling Pushed to 2026, Is $1 On Radar? â perspective by CoinPedia
In the weekly chart, the XRP price action reveals a triangle pattern formation. With a solid support trendline, the recent bull cycle within the pattern challenges the overhead trendline.Â
Currently, it is taking support at the confluence of the 50-week and 200-week EMA in a sideways trend in a bullish alignment. Furthermore, the XRP price struggles to surpass the 23.60% Fibonacci level at $0.5993 in the weekly chart.Â
Facing multiple higher price rejections, the weekly closing above this level is yet to be achieved. Last week, the XRP price dropped 8.76% and is currently trading at $0.5542 with a weekly return of 1.19%.Â
In the recent turn of events, the attorney Fred Rispolli has downplayed the recent concerns of the SEC appealing the XRP ruling. As per his point of view, the ruling is unlikely until 2026, which will have little to no impact on the XRP price.Â
Hence, the upcoming XRP prices will likely be independent and not depend on the ongoing lawsuit. Meanwhile, Ripple has requested a stay order on the $125 million penalty announced in the recent events.
Further, Ripple CEO Brad Garlinghouse has announced the upcoming release of Ripple USD stablecoin and the active efforts to boost the XRPL ecosystem with smart contract capabilities in the Ripple blockchain.Â
Despite the recent key developments, the XRP price has not found any positive impact and continues to follow a sideways trend after the bearish impact.Â
The ongoing bear market remains a key reason behind the need for the bullish impact of such major developments. Hence, with a broader market recovery anticipated by late 2024, the bull run in XRP will likely surpass the 23.60% level.Â
Based on the Fibonacci levels, the price targets 2026 stand at $1.29 and $1.56.