1) Continuous bullish momentum with consecutive price barrier breaches 2) Volume build-up 3) Growing appetite on the trades placed 4) Low mkt cap compared to the "big fish" in the crypto market
1) Price is on a free fall since early March (75% down) 2) Volume is down to single digit numbers (24h vol around $6,5m at the time of writing) 3) RSIs are noticeably low 4) Consecutive red candles with support levels failing one after the other 5) No major news/developments to attract investors
Obviously with #BTC falling there is not much hope yet again this has dropped significantly vs other ALTs...
1) Oversold market 2) BTC at a steady decline 3) ALTs on desperate declines & panic selling 4) RSIs on constant low levels 5) Huge number of new coins entering the market every month = capital diversification making pumps harder/rarer 6) BTC dominance is still large 7) BTC halving had already been priced in since January (or earlier) 8) Market pump is possible but may take anywhere from 7-14 months
A temporary correction after a massive jump or the max we can expect from this coin?
For sure it hasn't the dynamics of #NOT or #PEPE yet again it seems like a promising project given its still rather low market cap and potential price uplift.
Everyday same scenario. - Volume action = disappointing - Price action = disappointing - Overall reaction to other big coins/ALTs/MEMEs momenum = minimal to no
It seems that despite being a relatively good project, there is no interest on this coin.
People are for some reason more interested to have temporary short gains of around 10% instead of buying & holding for at least 30-40% gains.
1) > 75% price increase 2) 24hr trading volumes > $ 1bn 3) RSIs at continuous high lvl 4) Tremendous whale interest with huge funds transferred/converted from other ALTs to #PEPE 5) Moving contrary to the overall (neutral) market sentiment even in days when #BTC was lagging /dropping in value 6) Market cap > $ 7bn dominating other major players
It's perhaps time for a (temporary) correction. Selling pressure seems to be higher on the open orders yet again PEPE has proven itself that it can move rapidly...
In a day where: 1) #BTC rises to $71k 2) #ETH rises to $3,8k 3) Major alts (#PEPE #BONK ) break the charts 4) Announces new partnership 5) Keeps a rather low RSI
It still underperforms the market...
It seems once again that the momentum is almost always on good MEMEs, no strategy just follow the herd... Wait for a good entry & sell and repeat.
4) No major price movements, basically boring moves
5) Pathetic trading activity as for some reason people sell with any small (like 5%) move hence killing any potential momentum.
Guess it's worthless to wait for this c...p, better to wait for an entry point at PEPE or sth similar to get some serious profit instead of chasing peanuts...
#WIF #SOL Anyone with some extra ideas on the patterns?
1) The last 48hrs its price action is totally disconnected to #BTC
2) It even seems to be somehow disconnected to SOL since despite SOL's spight upward movement during the last 24hrs, #WIF keeps nosediving... Which is also strange given that it's a MEME based on its ecosystem.
3) It goes contrary to RSIs as there is no clear pattern suggesting a bullish/bearish trend.
4) Trading volume is still high and although it hasn't undergone such a massive price gain as #PEPE or #FLOKI it still doesn't get a significant upward movement even when the big guys move upwards.
What's the reason behind this? Wish it's not the same disappointing story as #REI...
#REI someone care to explain what's happening here?
1) It doesn't move upwards when BTC and the rest of the big fish are.
2) On the opposite, it falls instantly as soon as BTC heads downwards.
3) Even though current price is 68% lower vs the ATH (@0,35), it still shows bearish trend & the trading volume just drops constantly.
4) RSIs are low both on the hourly and 4-hr charts but still it's not reflected on a buying spree.
Okay surely big investments are required for it to jump again and more people join aboard with FOMO but what about now? What are the expectations and based on what?