Keep an eye on the 67,000 - 67,500 range for a potential reaction. If it holds, we could see a move up to the 68,300 - 68,700 range. The overall market trend is upward. Any minor dips should be considered normal, but be sure to adjust your stop losses accordingly.
What are your thoughts, write in comments section.
Disclaimer: This post is for informational purposes only. Do your own research (DYOR).
⭐️Ever wondered why crypto market is so volatile? 🤔⭐️
Below are the points:
Market Sentiment: News, rumors, and social media can quickly influence how investors feel about a cryptocurrency, causing rapid price changes.
Regulation: Uncertainty or changes in regulations can impact the market. Positive regulation can lead to price increases, while negative news can cause drops.
Market Manipulation: The relatively small market size compared to traditional markets makes it susceptible to manipulation by large traders or "whales."
Lack of Liquidity: Some cryptocurrencies have low trading volumes, making them prone to price swings with even small buy or sell orders.
Technological Challenges: Issues such as scalability, security breaches, or software bugs can lead to sharp price fluctuations.
Pepe Coin (PEPE) is a meme-based cryptocurrency inspired by the famous "Pepe the Frog" meme. Like Dogecoin, it has gained popularity through internet culture and community support.
Key points to know:
Meme-Based: PEPE leverages the popularity of the Pepe meme.
Community-Driven: Its value is driven by social media trends and community engagement.
Speculative: PEPE is highly volatile and often influenced by market sentiment and hype.
Fun and Risky: It's primarily traded for fun and speculative purposes, so invest cautiously.
Join the Trend: Pepe Coin is part of the growing trend of meme cryptocurrencies. Whether you're a meme enthusiast or a crypto trader, PEPE offers a unique blend of both worlds.
⭐️Analysts Bullish on FET Predict 2x Price Surge⭐️
Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) have announced a merger into an Artificial Superintelligence alliance with an ASI token. Prices of these assets surged on Friday as the community awaits updates on the ASI token launch.
FET has strong support at $2.15, encouraging bullish traders. The project has seen major partnerships and significant price increases this year. Some analysts warn of a potential price correction after a fivefold increase, but the long-term outlook remains positive.
What are your thoughts? Share in the comments below.
⭐️DOT Faces Resistance at $7.50, Possible Decline Ahead⭐️
Polkadot (DOT) faced strong resistance at $7.62, causing a sharp decline. After dropping, DOT found support at the 20-day SMA. The price then surged by 9.38%, reaching $7.58 as buyers stepped in.
If the price reverses, DOT could drop to $7.20 or $7. However, if DOT stays above $7 and breaks past $7.50, it could rise to $8 or higher. This week, DOT nearly broke $7.50, but resistance pushed it back down. The MACD indicator is bullish, and the RSI is neutral, suggesting room for a price increase.
⭐️ Kabosu, the Iconic "Doge" Meme Dog, Passes Away at 18 ⭐️
Kabosu, the beloved Shiba Inu who became an internet sensation as the face of the "Doge" meme, has passed away. Her owner announced that Kabosu "fell into a deep sleep" on Friday morning at the age of 18.
Kabosu became one of the most recognizable animals online in 2010 when a photo of her with folded paws and a quizzical expression went viral on forums like Reddit.
Could This Affect Dogecoin's Price?
The news of Kabosu's passing has sparked conversations about its potential impact on Dogecoin (DOGE), the cryptocurrency inspired by her image.