LIVEWEB3 UNFOLDED
@endeo
market watcher & analyst // digital journalist // on-chain enthusiast
Följer
Följare
Gilla-markeringar
Delade
Solana consolidates, but SOL can still reach $200 – perspective by AMBCrypto
In recent trading sessions, Solana (SOL) has been experiencing significant fluctuations in its market value. From a high of $172 last week, the digital asset has seen a correction, stabilizing around $151 at the time of writing.
This movement represented a modest increase of 0.1% in the last 24 hours. Such market behavior underscored a critical phase of price consolidation that could set the stage for future price dynamics.
Crypto analyst Altcoin Sherpa has provided a perspective on Solana’s current market performance, pointing to a consolidation range between $185 and $120.
This range, according to Sherpa, indicated a period of market balance following a rapid price increase. Such phases are not uncommon and are often indicative of a market preparing for its next significant move.
The 200-day exponential moving average (EMA) is a technical analysis tool used to smooth out price data by creating a constantly updated average price over 200 days.
The EMA is crucial for identifying the overall market trend and potential support levels. Approaching this average suggests a near-term support level that might encourage buying activities among traders.
Further technical analysis from Sherpa using Fibonacci retracement highlighted critical support and resistance levels.
At press time, the 0.382 retracement level was approximately $138.37, potentially serving as a pivotal point for Solana’s price.
If the price descends below this mark, the subsequent levels—0.5 and 0.618—are likely to act as further thresholds where price stabilization or a reversal could occur.
#BinanceTournament #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #SolanaStrong
$SOL
In recent trading sessions, Solana (SOL) has been experiencing significant fluctuations in its market value. From a high of $172 last week, the digital asset has seen a correction, stabilizing around $151 at the time of writing.
This movement represented a modest increase of 0.1% in the last 24 hours. Such market behavior underscored a critical phase of price consolidation that could set the stage for future price dynamics.
Crypto analyst Altcoin Sherpa has provided a perspective on Solana’s current market performance, pointing to a consolidation range between $185 and $120.
This range, according to Sherpa, indicated a period of market balance following a rapid price increase. Such phases are not uncommon and are often indicative of a market preparing for its next significant move.
The 200-day exponential moving average (EMA) is a technical analysis tool used to smooth out price data by creating a constantly updated average price over 200 days.
The EMA is crucial for identifying the overall market trend and potential support levels. Approaching this average suggests a near-term support level that might encourage buying activities among traders.
Further technical analysis from Sherpa using Fibonacci retracement highlighted critical support and resistance levels.
At press time, the 0.382 retracement level was approximately $138.37, potentially serving as a pivotal point for Solana’s price.
If the price descends below this mark, the subsequent levels—0.5 and 0.618—are likely to act as further thresholds where price stabilization or a reversal could occur.
#BinanceTournament #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #SolanaStrong
$SOL
Bitcoin is back in the game
(note: the post contains data by Cointelegraph)
Bitcoin's price rallied sharply after United States Consumer Price Index (CPI) data came in lower than forecast. The CPI data was unchanged from last month, and the year-on-year figure of 3.3% showed a slowdown from the previous pace of 3.4% — both 0.1% lower than forecast.
Bitcoin plummeted below the 20-day exponential moving average ($68,700) on June 11 but found support at the 50-day simple moving average ($65,982).
The bulls aggressively purchased the dip to the 50-day SMA and pushed the price above the 20-day EMA. This suggests that the BTC/USDT pair may oscillate inside the tight range between $66,500 and $72,000 for some time.
Buyers will have to catapult the price above the $72,000 to $73,777 resistance zone to seize control. That will open the gates for a rally to $80,000 and eventually to $88,000. On the downside, a slide below the 50-day SMA could start a downward move to $60,000.
#BTCFOMCWatch #CPIAlert #BTC #bitcoin
$BTC
(note: the post contains data by Cointelegraph)
Bitcoin's price rallied sharply after United States Consumer Price Index (CPI) data came in lower than forecast. The CPI data was unchanged from last month, and the year-on-year figure of 3.3% showed a slowdown from the previous pace of 3.4% — both 0.1% lower than forecast.
Bitcoin plummeted below the 20-day exponential moving average ($68,700) on June 11 but found support at the 50-day simple moving average ($65,982).
The bulls aggressively purchased the dip to the 50-day SMA and pushed the price above the 20-day EMA. This suggests that the BTC/USDT pair may oscillate inside the tight range between $66,500 and $72,000 for some time.
Buyers will have to catapult the price above the $72,000 to $73,777 resistance zone to seize control. That will open the gates for a rally to $80,000 and eventually to $88,000. On the downside, a slide below the 50-day SMA could start a downward move to $60,000.
#BTCFOMCWatch #CPIAlert #BTC #bitcoin
$BTC
Notcoin (NOT) surges 14% overnight. What's next? – analysis by CoinPedia
After trading under a strong bearish sentiment for a brief period, Notcoin has successfully regained momentum amid a bullish reversal in the cross-border financial system. Furthermore, with the increasingly positive sentiment, the altcoin is on the verge of testing its important resistance level.
The NOT price has recorded a correction of 18.15% over the past week, however, the altcoin has regained momentum and has recorded a surge of 64.46% in its trading volume with a jump of 13.71% in valuation within the past 24 hours.
Moreover, the altcoin has jumped 26.98% within the past 30 days, indicating a long-term bullish influence for the Notcoin crypto in the market.
With a trading price of $0.01810, a total supply of 102,701,033,769 NOT tokens, and a market cap of $1.884 Billion, the Notcoin has secured the 51st spot in the global crypto-list in terms of market capitalization.
The Simple Moving Average (SMA) constantly supports the price chart in the 4h timeframe, suggesting increasing bullish sentiment for the altcoin in the cryptocurrency market.
The technical indicator, MACD, displays a constant rise in the green histogram, indicating an increase in the buying pressure within the crypto space. Moreover, the averages show a bullish pattern, suggesting the price will continue gaining value in the coming time.
If the market pushes the Notcoin price above the resistance level of $0.01910, the bulls will regain momentum and prepare to test its resistance level of $0.02475. Maintaining the price at that level will set the stage for NOT crypto to attempt to retest its upper resistance level of $0.02945.
Negatively, if the bears overpowered the bulls, the price would lose momentum and prepare to test its crucial support level of $0.01340. Furthermore, if the bears continue to dominate the market, Notcoin will plunge further and prepare to test its lower support level of $0.00860.
#BTCFOMCWatch #BinanceTournament #CPIAlert #altcoins #Notcoin👀🔥
$NOT
After trading under a strong bearish sentiment for a brief period, Notcoin has successfully regained momentum amid a bullish reversal in the cross-border financial system. Furthermore, with the increasingly positive sentiment, the altcoin is on the verge of testing its important resistance level.
The NOT price has recorded a correction of 18.15% over the past week, however, the altcoin has regained momentum and has recorded a surge of 64.46% in its trading volume with a jump of 13.71% in valuation within the past 24 hours.
Moreover, the altcoin has jumped 26.98% within the past 30 days, indicating a long-term bullish influence for the Notcoin crypto in the market.
With a trading price of $0.01810, a total supply of 102,701,033,769 NOT tokens, and a market cap of $1.884 Billion, the Notcoin has secured the 51st spot in the global crypto-list in terms of market capitalization.
The Simple Moving Average (SMA) constantly supports the price chart in the 4h timeframe, suggesting increasing bullish sentiment for the altcoin in the cryptocurrency market.
The technical indicator, MACD, displays a constant rise in the green histogram, indicating an increase in the buying pressure within the crypto space. Moreover, the averages show a bullish pattern, suggesting the price will continue gaining value in the coming time.
If the market pushes the Notcoin price above the resistance level of $0.01910, the bulls will regain momentum and prepare to test its resistance level of $0.02475. Maintaining the price at that level will set the stage for NOT crypto to attempt to retest its upper resistance level of $0.02945.
Negatively, if the bears overpowered the bulls, the price would lose momentum and prepare to test its crucial support level of $0.01340. Furthermore, if the bears continue to dominate the market, Notcoin will plunge further and prepare to test its lower support level of $0.00860.
#BTCFOMCWatch #BinanceTournament #CPIAlert #altcoins #Notcoin👀🔥
$NOT
Ethereum (ETH) Takes a Hit Amid Mixed Updates: Analysis
Ethereum products see $69 million net inflows, marking best result since March. Analysing why this is not a silver lining for Ether.
While Ethereum protocol boasts of promising updates, ETH keeps struggling below $3,700. Sharp downtick in social metrics adds advantage for the bears, yet fundamentals spur optimism in Ether’s prospects. But which factors would be leading in the market sentiment?
Ethereum Deposits Emptying Despite Positive Address Momentum
Data from Glassnode indicates that the amount of Ether (ETH) held on exchanges has reached its lowest point in eight years.
Ethereum: balance on exchanges (total). Source: Glassnode
While this may indicate a decreased speculative interest in Ether, taking place due to post-ETF approval market shock, this marks a strong holding tendency. According to the IntoTheBlock’s data, 89% of Ethereum holders are in profit at the current price, which is a strong indicator of a healthy market.
Ethereum (ETH) trading activity. Source: IntoTheBlock
The data also reveals that Ethereum is mainly held by whales, with 51% of the asset cited to be concentrated on the large holders’ wallets.
What is more, CoinShares recently reported that Ether investment products saw a total inflow of $69 million for the week, hitting the three-month record.
This correlates with a notable increase in a volume of transactions exceeding $100k, which proves the institutional and large-scale investor optimism on the long-term Ethereum perspectives due to its exchange-traded funds’ (ETFs) approval.
By contrast, overall Ethereum’s sentiment has registered a sharp decline since the beginning of the month. Santiment’s data reveals that Ether’s weighted sentiment indicates a negative rate after its surge in the end of May – just around the ETF-fueled spike.
Ethereum: weighted sentiment and social volume. Source: Santiment
Additionally, an analysis of the social volume showed downticks corresponding to the decreases in weighted sentiment.
Despite the weak sentiment, Ethereum still sees a positive new address momentum. At the writing time, the number of new addresses exceeds 105,000.
Ethereum: number of new addresses. Source: Glassnode
Chart Favors Bears
As per Ether’s daily chart, the asset faced heightened selling activity after a short period of consolidation near the $4,000 crucial resistance. This highlights the price level as a key point for short positions.
Nonetheless, there is a significant support zone ahead, including the 100-day moving average at $3,431.05 and the 0.5 Fibonacci retracement level at $3,419. This suggests that the current price action may continue its bearish retracement in the short term, with the 100-day moving average and the 0.5 Fib level acting as primary support for buyers.
ETH/USDT 1D chart. Source: WhiteBIT TradingView
The 4-hour chart indicates a strong sideway movement for Ethereum. According to the graph, the aforementioned consolidation in the $4,000 area has formed a head and shoulders pattern, indicating a lack of bullish momentum and an increase in supply. Consequently, this pattern may signalise an eventual bearish reversal, especially with breaking below the neckline of the formation.
ETH/USDT 4h chart. Source: WhiteBIT TradingView
The seller dominance is also marked by a bearish divergence between the relative strength index (RSI) and the price movement.
Currently, the price is at a critical support level of around $3.6K. If sellers manage to breach this pivotal level, continuing the bearish trend is the most likely outcome.
Controversial Ethereum updates only emphasize the vagueness of the coin’s trend. While traders received a perfect opportunity to buy, they should closely monitor the upcoming Federal Reserve’s updates on the interest rates in the US – a crucial factor of influence towards the cryptocurrency market.
#ETHETFsApproved #EthereumPower #ETH🔥🔥🔥🔥 #altcoins #TopCoinsJune2024
$ETH
While Ethereum protocol boasts of promising updates, ETH keeps struggling below $3,700. Sharp downtick in social metrics adds advantage for the bears, yet fundamentals spur optimism in Ether’s prospects. But which factors would be leading in the market sentiment?
Ethereum Deposits Emptying Despite Positive Address Momentum
Data from Glassnode indicates that the amount of Ether (ETH) held on exchanges has reached its lowest point in eight years.
Ethereum: balance on exchanges (total). Source: Glassnode
While this may indicate a decreased speculative interest in Ether, taking place due to post-ETF approval market shock, this marks a strong holding tendency. According to the IntoTheBlock’s data, 89% of Ethereum holders are in profit at the current price, which is a strong indicator of a healthy market.
Ethereum (ETH) trading activity. Source: IntoTheBlock
The data also reveals that Ethereum is mainly held by whales, with 51% of the asset cited to be concentrated on the large holders’ wallets.
What is more, CoinShares recently reported that Ether investment products saw a total inflow of $69 million for the week, hitting the three-month record.
This correlates with a notable increase in a volume of transactions exceeding $100k, which proves the institutional and large-scale investor optimism on the long-term Ethereum perspectives due to its exchange-traded funds’ (ETFs) approval.
By contrast, overall Ethereum’s sentiment has registered a sharp decline since the beginning of the month. Santiment’s data reveals that Ether’s weighted sentiment indicates a negative rate after its surge in the end of May – just around the ETF-fueled spike.
Ethereum: weighted sentiment and social volume. Source: Santiment
Additionally, an analysis of the social volume showed downticks corresponding to the decreases in weighted sentiment.
Despite the weak sentiment, Ethereum still sees a positive new address momentum. At the writing time, the number of new addresses exceeds 105,000.
Ethereum: number of new addresses. Source: Glassnode
Chart Favors Bears
As per Ether’s daily chart, the asset faced heightened selling activity after a short period of consolidation near the $4,000 crucial resistance. This highlights the price level as a key point for short positions.
Nonetheless, there is a significant support zone ahead, including the 100-day moving average at $3,431.05 and the 0.5 Fibonacci retracement level at $3,419. This suggests that the current price action may continue its bearish retracement in the short term, with the 100-day moving average and the 0.5 Fib level acting as primary support for buyers.
ETH/USDT 1D chart. Source: WhiteBIT TradingView
The 4-hour chart indicates a strong sideway movement for Ethereum. According to the graph, the aforementioned consolidation in the $4,000 area has formed a head and shoulders pattern, indicating a lack of bullish momentum and an increase in supply. Consequently, this pattern may signalise an eventual bearish reversal, especially with breaking below the neckline of the formation.
ETH/USDT 4h chart. Source: WhiteBIT TradingView
The seller dominance is also marked by a bearish divergence between the relative strength index (RSI) and the price movement.
Currently, the price is at a critical support level of around $3.6K. If sellers manage to breach this pivotal level, continuing the bearish trend is the most likely outcome.
Controversial Ethereum updates only emphasize the vagueness of the coin’s trend. While traders received a perfect opportunity to buy, they should closely monitor the upcoming Federal Reserve’s updates on the interest rates in the US – a crucial factor of influence towards the cryptocurrency market.
#ETHETFsApproved #EthereumPower #ETH🔥🔥🔥🔥 #altcoins #TopCoinsJune2024
$ETH
Solana Price Breaks Its Crucial Support. Is Retest Soon? – perspective by CoinPedia
Since the cross-market correction during mid-April, the Solana price has been constantly trading in a consolidated range between $126.75 and $180.75, highlighting a strong liquidation point for the altcoin in the crypto space.
The coin failed to retest its important resistance level of $180.75, resulting in the SOL crypto recording a correction of 1.72% within the past day and 12.87% over the past week, highlighting increased bearish sentiment in the crypto space.
The technical indicator SMA acts as a resistance to the price chart in the 1D time frame, suggesting an increase in the negative influence for the altcoin in the crypto space.
The Relative Strength Index (RSI) displays a bullish curve above the oversold range, indicating an increase in the price action for the Solana price in the crypto market. Conversely, the average is on the verge of dropping below the mid-point, suggesting a mixed sentiment for the altcoin.
If the market favors the bulls, the SOL crypto will regain momentum and test its resistance level of $155.25 by the upcoming weekend. Furthermore, if the bulls successfully surpass their resistance zone, the altcoin will head towards its upper high of $200 this month.
However, if the bulls fail to regain momentum, the SOL coin price will continue trading under a bearish influence and prepare to test its crucial support level of $126.75 in the coming time.
#CPIAlert #TopCoinsJune2024 #altcoins #SolanaUSTD #sol
$SOL
Since the cross-market correction during mid-April, the Solana price has been constantly trading in a consolidated range between $126.75 and $180.75, highlighting a strong liquidation point for the altcoin in the crypto space.
The coin failed to retest its important resistance level of $180.75, resulting in the SOL crypto recording a correction of 1.72% within the past day and 12.87% over the past week, highlighting increased bearish sentiment in the crypto space.
The technical indicator SMA acts as a resistance to the price chart in the 1D time frame, suggesting an increase in the negative influence for the altcoin in the crypto space.
The Relative Strength Index (RSI) displays a bullish curve above the oversold range, indicating an increase in the price action for the Solana price in the crypto market. Conversely, the average is on the verge of dropping below the mid-point, suggesting a mixed sentiment for the altcoin.
If the market favors the bulls, the SOL crypto will regain momentum and test its resistance level of $155.25 by the upcoming weekend. Furthermore, if the bulls successfully surpass their resistance zone, the altcoin will head towards its upper high of $200 this month.
However, if the bulls fail to regain momentum, the SOL coin price will continue trading under a bearish influence and prepare to test its crucial support level of $126.75 in the coming time.
#CPIAlert #TopCoinsJune2024 #altcoins #SolanaUSTD #sol
$SOL
Will Bitcoin recover to $70k amid FOMC cool-down? – perspective by CoinGape
Bitcoin price traded around $67,405 during European business hours on Wednesday, a 0.2% drop in the last 24 hours.
BTC price action is trending above the 50-day and 20-day simple moving averages (SMA), which is a bullish indicator for Bitcoin investors. The June 12 daily candle is also showing signs of a struggle and indecision between the bull and the bears.
The asset has been trending inside a consolidation zone for the past four weeks. Despite the slide in price, Bitcoin fundamentals remain strong, with BTC Spot ETF total cumulative flow surpassing $292 billion. This signals round 2 of massive accumulation. For comparison, the first round of BTC ETF accumulation saw Bitcoin surge from $38,000 to $73,000.
With this important metric underway, and with dovish comments from FOMC officials, Bitcoin price may hit and surpass $70,000 this week.
#BTCFOMCWatch #CPIAlert #bitcoin #BTC #TopCoinsJune2024
$BTC
Bitcoin price traded around $67,405 during European business hours on Wednesday, a 0.2% drop in the last 24 hours.
BTC price action is trending above the 50-day and 20-day simple moving averages (SMA), which is a bullish indicator for Bitcoin investors. The June 12 daily candle is also showing signs of a struggle and indecision between the bull and the bears.
The asset has been trending inside a consolidation zone for the past four weeks. Despite the slide in price, Bitcoin fundamentals remain strong, with BTC Spot ETF total cumulative flow surpassing $292 billion. This signals round 2 of massive accumulation. For comparison, the first round of BTC ETF accumulation saw Bitcoin surge from $38,000 to $73,000.
With this important metric underway, and with dovish comments from FOMC officials, Bitcoin price may hit and surpass $70,000 this week.
#BTCFOMCWatch #CPIAlert #bitcoin #BTC #TopCoinsJune2024
$BTC
Shiba Inu (SHIB): next price level revealed – analysis by U.Today
Shiba Inu has failed to hold the 100 EMA support level and has opened below it during this trading session. The fact that the price of the meme token is moving below this moving average raises substantial concerns and may be a negative signal for investors. The next support level for the asset is not far away but is located below a crucial resistance level.
The Shiba Inu chart shows a bearish trend as it tries to stabilize above the 100 EMA. If selling pressure gets more intense, the price may approach the next major support at $0.000019, as indicated by the break below this support level.
For SHIB this area will be crucial because it has the potential to either provide a base for a rebound or, in the event that it is breached, to cause further declines. There are bearish signals being displayed by technical indicators such as the RSI. The fact that the RSI is currently in close proximity to the oversold area suggests that the selling pressure might continue.
Nevertheless, if buyers intervene to take advantage of the lower prices, the oversold situation also creates the chance of a brief rebound. The volume profile indicates a decline in trading activity in comparison to earlier sessions. In a downtrend, lower volume usually signals waning buying interest, which may make it difficult for SHIB to stage a significant comeback anytime soon.
A more pessimistic outlook for the meme token is further supported by the declining volume, which suggests that investors are distancing themselves from the token. A rebound may be imminent if SHIB is able to maintain this level and show signs of strength, suggesting that the worst of the selling may have passed.
#TopCoinsJune2024 #altcoins #Shibalnu #shiba⚡
$SHIB
Shiba Inu has failed to hold the 100 EMA support level and has opened below it during this trading session. The fact that the price of the meme token is moving below this moving average raises substantial concerns and may be a negative signal for investors. The next support level for the asset is not far away but is located below a crucial resistance level.
The Shiba Inu chart shows a bearish trend as it tries to stabilize above the 100 EMA. If selling pressure gets more intense, the price may approach the next major support at $0.000019, as indicated by the break below this support level.
For SHIB this area will be crucial because it has the potential to either provide a base for a rebound or, in the event that it is breached, to cause further declines. There are bearish signals being displayed by technical indicators such as the RSI. The fact that the RSI is currently in close proximity to the oversold area suggests that the selling pressure might continue.
Nevertheless, if buyers intervene to take advantage of the lower prices, the oversold situation also creates the chance of a brief rebound. The volume profile indicates a decline in trading activity in comparison to earlier sessions. In a downtrend, lower volume usually signals waning buying interest, which may make it difficult for SHIB to stage a significant comeback anytime soon.
A more pessimistic outlook for the meme token is further supported by the declining volume, which suggests that investors are distancing themselves from the token. A rebound may be imminent if SHIB is able to maintain this level and show signs of strength, suggesting that the worst of the selling may have passed.
#TopCoinsJune2024 #altcoins #Shibalnu #shiba⚡
$SHIB
Binance Lists Io.Net: Everything You Need to Know
(note: the post contains data by BeInCrypto)
Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project io.net. Trading of the IO token commenced on June 11 at 12:00 UTC.
This listing marks a pivotal moment for io.net, as the token currently trades at $3.78. It boasts a fully diluted valuation (FDV) of approximately $3 billion. The FDV is a product of the token’s current price and its maximum supply.
The IO token is the main currency within the io.net ecosystem and is used for services, transactions, and fees. Additionally, it is used to reward contributors for providing their Graphics Processing Unit (GPU) power, incentivizing participation, and supporting network growth.
Crypto investor Axel Bitblaze highlighted the potential of the IO token, comparing it with similar projects.
“Compared with similar projects like Render (RNDR), the FDV for io.net could range from $2.5 billion to $4 billion,” Axel Bitblaze said.
#IOprediction #TopCoinsJune2024 #Binance200M #altcoins
$IO
(note: the post contains data by BeInCrypto)
Binance has listed the IO token from the Decentralized Physical Infrastructure Network (DePin) project io.net. Trading of the IO token commenced on June 11 at 12:00 UTC.
This listing marks a pivotal moment for io.net, as the token currently trades at $3.78. It boasts a fully diluted valuation (FDV) of approximately $3 billion. The FDV is a product of the token’s current price and its maximum supply.
The IO token is the main currency within the io.net ecosystem and is used for services, transactions, and fees. Additionally, it is used to reward contributors for providing their Graphics Processing Unit (GPU) power, incentivizing participation, and supporting network growth.
Crypto investor Axel Bitblaze highlighted the potential of the IO token, comparing it with similar projects.
“Compared with similar projects like Render (RNDR), the FDV for io.net could range from $2.5 billion to $4 billion,” Axel Bitblaze said.
#IOprediction #TopCoinsJune2024 #Binance200M #altcoins
$IO
Pepe loses 17% in a week: what's next for the asset?
(note: the post contains data by AMBCrypto)
The last seven days have been tough for memecoins including Pepe (PEPE). According to data from CoinMarketCap, the price of the token was $0.000013.
This represented a 15.92% decrease in the last seven days.
However, it does not seem like things would change for the better. One reason for this could be linked to PEPE’s increasing volume.
While PEPE’s volume increased, the price fell, indicating that the downtrend could get stronger. If this continues, the price of the token might tumble, and a target of $0.000020 could be possible.
As per the 4-hour chart, the 0.236 Fibonacci level was at $0.000010. This was a support level for PEPE, and indicates that the price might drop to the region.
This was also supported by the Moving Average Convergence Divergence (MACD). At the writing time, the MACD was positive.
But the 12 EMA (blue) and 26 EMA (orange) were in the negative region, implying that the momentum was not completely bullish.
However, if buying pressure increases, PEPE’s price could key into the $0.000014 resistance where the 0.618 golden ratio resided.
#IOprediction #Binance200M #altcoins #TopCoinsJune2024 #pepe⚡
$PEPE
(note: the post contains data by AMBCrypto)
The last seven days have been tough for memecoins including Pepe (PEPE). According to data from CoinMarketCap, the price of the token was $0.000013.
This represented a 15.92% decrease in the last seven days.
However, it does not seem like things would change for the better. One reason for this could be linked to PEPE’s increasing volume.
While PEPE’s volume increased, the price fell, indicating that the downtrend could get stronger. If this continues, the price of the token might tumble, and a target of $0.000020 could be possible.
As per the 4-hour chart, the 0.236 Fibonacci level was at $0.000010. This was a support level for PEPE, and indicates that the price might drop to the region.
This was also supported by the Moving Average Convergence Divergence (MACD). At the writing time, the MACD was positive.
But the 12 EMA (blue) and 26 EMA (orange) were in the negative region, implying that the momentum was not completely bullish.
However, if buying pressure increases, PEPE’s price could key into the $0.000014 resistance where the 0.618 golden ratio resided.
#IOprediction #Binance200M #altcoins #TopCoinsJune2024 #pepe⚡
$PEPE
Notcoin (NOT): will it manage to recover? – analysis by CoinPedia
Regardless of the ongoing correction, Notcoin was among the tokens that recorded huge search volumes, indicating the positive sentiments of the traders. Started as just a viral Telegram game, NOT price soon entered among the top traded tokens. Therefore, after experiencing excessive compression, the price is expected to explode in the coming days, which may elevate the levels beyond $0.02.
The below chart displays the rise & fall of the NOT price rally, which indicates the selling volume has drained off. The price maintains an ascending consolidation and appears to have fulfilled both the upside and downside waves. With this, the token is now getting ready for a fresh bullish wave, which may elevate the rally towards higher targets. Considering the MACD, the levels are close to undergoing a bullish crossover, which may lift the levels above the negative range.
This move may establish a new ascending trajectory only if the price manages to rise and sustain above the 20-day MA and later at the 50-day MA at $0.017 and $0.0197, respectively. These levels are expected to offer a strong base for the Notcoin price rally to test the higher targets. However, the key resistance lies at $0.02 and if these levels are achieved, the next bullish push may propel the Notcoin (NOT) price close to $0.03 after breaking the final resistance at $0.025, the current ATH.
#Binance200M #TopCoinsJune2024 #IOprediction #altcoins #Notcoin👀🔥
$NOT
Regardless of the ongoing correction, Notcoin was among the tokens that recorded huge search volumes, indicating the positive sentiments of the traders. Started as just a viral Telegram game, NOT price soon entered among the top traded tokens. Therefore, after experiencing excessive compression, the price is expected to explode in the coming days, which may elevate the levels beyond $0.02.
The below chart displays the rise & fall of the NOT price rally, which indicates the selling volume has drained off. The price maintains an ascending consolidation and appears to have fulfilled both the upside and downside waves. With this, the token is now getting ready for a fresh bullish wave, which may elevate the rally towards higher targets. Considering the MACD, the levels are close to undergoing a bullish crossover, which may lift the levels above the negative range.
This move may establish a new ascending trajectory only if the price manages to rise and sustain above the 20-day MA and later at the 50-day MA at $0.017 and $0.0197, respectively. These levels are expected to offer a strong base for the Notcoin price rally to test the higher targets. However, the key resistance lies at $0.02 and if these levels are achieved, the next bullish push may propel the Notcoin (NOT) price close to $0.03 after breaking the final resistance at $0.025, the current ATH.
#Binance200M #TopCoinsJune2024 #IOprediction #altcoins #Notcoin👀🔥
$NOT
Why did Bitcoin price crash below $68,000? – brief analysis by CryptoPotato
Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating.
On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected.
Looking at the 4-hour chart, things seem tricky for Bitcoin. An ascending channel is currently being formed around the $70K mark. The price has already tested the pattern’s higher trendline and the $72K resistance level twice. It was rejected decisively and is testing the $69K support level once again.
A breakdown of this level could cause even more trouble. If the pattern is broken to the downside, a deeper drop toward the $60K would likely materialize in the short term.
With the RSI also below 50%, the bearish scenario seems probable.
#bitcoin #BTC #TopCoinsJune2024 #Binance200M #IOprediction
$BTC
Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating.
On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected.
Looking at the 4-hour chart, things seem tricky for Bitcoin. An ascending channel is currently being formed around the $70K mark. The price has already tested the pattern’s higher trendline and the $72K resistance level twice. It was rejected decisively and is testing the $69K support level once again.
A breakdown of this level could cause even more trouble. If the pattern is broken to the downside, a deeper drop toward the $60K would likely materialize in the short term.
With the RSI also below 50%, the bearish scenario seems probable.
#bitcoin #BTC #TopCoinsJune2024 #Binance200M #IOprediction
$BTC
Solana (SOL): what's next for the coin's price?
(note: the post contains data by CoinPedia)
Over the past few weeks, Solana (SOL) has gained significant attention as its price continues to consolidate around crucial support lines. This consolidation follows Bitcoin’s latest struggle to validate a clear trend above the psychological mark of $70K. Amid the overall stable market sentiment, Solana has seen a mood swing in key on-chain metrics, creating possibilities of a significant move in the coming hours.
Solana has reached its 20-day Exponential Moving Average (EMA) at $159 on the 4-hour chart, which is likely to serve as a significant resistance point. Buyers have been accumulating aggressively in recent hours; however, sellers are strongly defending a surge. This has resulted in a consolidation in the price chart. As of now, SOL is trading at $154, down over 6% in the last 24 hours.
If the price advances past the moving averages and $162, it signals a potential resurgence by the bulls. In this scenario, the SOL/USDT pair may target a rally towards the next major resistance at the descending resistance line. If the price surpasses that level, we might see a climb toward $192.
Conversely, if the price declines from the moving averages, it suggests increasing negative sentiment with traders selling during price rallies. This could drive the price down towards the solid support zone of $130-$140. A break below this threshold could result in a further decline to $100.
#Binance200M #TopCoinsJune2024 #altcoins #SolanaUSTD
$SOL
(note: the post contains data by CoinPedia)
Over the past few weeks, Solana (SOL) has gained significant attention as its price continues to consolidate around crucial support lines. This consolidation follows Bitcoin’s latest struggle to validate a clear trend above the psychological mark of $70K. Amid the overall stable market sentiment, Solana has seen a mood swing in key on-chain metrics, creating possibilities of a significant move in the coming hours.
Solana has reached its 20-day Exponential Moving Average (EMA) at $159 on the 4-hour chart, which is likely to serve as a significant resistance point. Buyers have been accumulating aggressively in recent hours; however, sellers are strongly defending a surge. This has resulted in a consolidation in the price chart. As of now, SOL is trading at $154, down over 6% in the last 24 hours.
If the price advances past the moving averages and $162, it signals a potential resurgence by the bulls. In this scenario, the SOL/USDT pair may target a rally towards the next major resistance at the descending resistance line. If the price surpasses that level, we might see a climb toward $192.
Conversely, if the price declines from the moving averages, it suggests increasing negative sentiment with traders selling during price rallies. This could drive the price down towards the solid support zone of $130-$140. A break below this threshold could result in a further decline to $100.
#Binance200M #TopCoinsJune2024 #altcoins #SolanaUSTD
$SOL
BNB Plummets 15% Since ATH – is it about to retest soon? | analysis by CoinPedia
BNB price has recorded a strong bearish reversal in its chart after recording a new ATH during the previous week, which took place amidst Notcoin's listings on Binance, WhiteBIT, and other top exchanges. With the increased volatility, will BNB price regain momentum or plunge further?
After trading within a closed range between $568 and $635 for about three months, the BNB crypto regained momentum and broke out of its important resistance level. This resulted in the Binance price experiencing a significant surge in valuation.
The BNB token added 21.57% to its portfolio within the next six days and recorded a new all-time high (ATH) of $720.67 on 06th June 2024.
However, since then the altcoin has recorded a bearish reversal and has lost approximately 15% in valuation, highlighting increased selling pressure for the BNB token in the crypto market.
The technical indicator, SMA, displays a bearish crossover in the 1D time frame, suggesting increased bearish sentiment for the altcoin in the crypto market.
On the other hand, the Moving Average Convergence Divergence (MACD) shows a rising red histogram with its averages recording a bearish convergence, highlighting a negative outlook for the Binance coin price in the coming time.
If the market regains momentum, the BNB coin price will test its resistance level of $635. Maintaining the price at that level will set the stage for the Binance token to attempt to retest its upper high of $720.6 during the upcoming weeks.
Conversely, if the bears continue to dominate the market, the BNB token will test its support level of $568. Moreover, if the bulls fail to regain power, the Binance crypto will further plunge and prepare to test its lower support level of $500 this month.
#IOprediction #Binance200M #TopCoinsJune2024 #altcoins #BnbAth
$BNB
BNB price has recorded a strong bearish reversal in its chart after recording a new ATH during the previous week, which took place amidst Notcoin's listings on Binance, WhiteBIT, and other top exchanges. With the increased volatility, will BNB price regain momentum or plunge further?
After trading within a closed range between $568 and $635 for about three months, the BNB crypto regained momentum and broke out of its important resistance level. This resulted in the Binance price experiencing a significant surge in valuation.
The BNB token added 21.57% to its portfolio within the next six days and recorded a new all-time high (ATH) of $720.67 on 06th June 2024.
However, since then the altcoin has recorded a bearish reversal and has lost approximately 15% in valuation, highlighting increased selling pressure for the BNB token in the crypto market.
The technical indicator, SMA, displays a bearish crossover in the 1D time frame, suggesting increased bearish sentiment for the altcoin in the crypto market.
On the other hand, the Moving Average Convergence Divergence (MACD) shows a rising red histogram with its averages recording a bearish convergence, highlighting a negative outlook for the Binance coin price in the coming time.
If the market regains momentum, the BNB coin price will test its resistance level of $635. Maintaining the price at that level will set the stage for the Binance token to attempt to retest its upper high of $720.6 during the upcoming weeks.
Conversely, if the bears continue to dominate the market, the BNB token will test its support level of $568. Moreover, if the bulls fail to regain power, the Binance crypto will further plunge and prepare to test its lower support level of $500 this month.
#IOprediction #Binance200M #TopCoinsJune2024 #altcoins #BnbAth
$BNB
Why is crypto market down today?
(note: the post contains data by CoinGape)
Despite many uncertainties, the crypto market was performing well, actually bullishly, until today. The market gained stability after a recovery period last month and the results of US employment rates. The US government added 272,000 jobs in May, a much higher number than any expectations and predictions. However, the ongoing political shifts and other causes led to market declining conditions.
As per the fear and greed index, the level of greed has declined today, followed by the decline in global market capitalization. The market cap is now at $2.47 Trillion after 2.82%, the result of individual cryptos fall. Almost every other cryptocurrency is following a downtrend today, and the crypto market heatmap is in red.
The biggest impact on the crypto market must have come from the EU Parliament election results. These results have influenced the sentiments of crypto users regarding the upcoming regulations and discussions in this industry. Additionally, the economic factors became another factor when the European Central Bank introduced the 25 basis points rate cut, which is good news, but economic growth might impact cryptocurrencies.
Also, the Bitcoin charts earlier exhibited the presence of the bear flag pattern, resulting in the price drop. Bitcoin has a major impact on the crypto market’s performance because of its dominance. The Bitcoin dominace has crossed the 54% mark, currently at 54.2% which is quite high. However, analysts don’t expect a continuous fall in Bitcoin price, which is good. But any further decline can bring the market even down as the Ethereum price is already struggling, and another major drop is not favorable for investors.
#Binance200M #TopCoinsJune2024 #bitcoin #BTC #altcoins
$BTC $SOL $NOT
(note: the post contains data by CoinGape)
Despite many uncertainties, the crypto market was performing well, actually bullishly, until today. The market gained stability after a recovery period last month and the results of US employment rates. The US government added 272,000 jobs in May, a much higher number than any expectations and predictions. However, the ongoing political shifts and other causes led to market declining conditions.
As per the fear and greed index, the level of greed has declined today, followed by the decline in global market capitalization. The market cap is now at $2.47 Trillion after 2.82%, the result of individual cryptos fall. Almost every other cryptocurrency is following a downtrend today, and the crypto market heatmap is in red.
The biggest impact on the crypto market must have come from the EU Parliament election results. These results have influenced the sentiments of crypto users regarding the upcoming regulations and discussions in this industry. Additionally, the economic factors became another factor when the European Central Bank introduced the 25 basis points rate cut, which is good news, but economic growth might impact cryptocurrencies.
Also, the Bitcoin charts earlier exhibited the presence of the bear flag pattern, resulting in the price drop. Bitcoin has a major impact on the crypto market’s performance because of its dominance. The Bitcoin dominace has crossed the 54% mark, currently at 54.2% which is quite high. However, analysts don’t expect a continuous fall in Bitcoin price, which is good. But any further decline can bring the market even down as the Ethereum price is already struggling, and another major drop is not favorable for investors.
#Binance200M #TopCoinsJune2024 #bitcoin #BTC #altcoins
$BTC $SOL $NOT
PEPE: Is ‘buying the dip’ a good move to make? – perspective by AMBCrypto
Pepe (PEPE) has recently experienced a significant 32.6% drop in price and retraced to $0.0000120 after hitting its all high of $0.00001724.
PEPE has pulled back to a confluence point at the $0.00001131 support level. This is also an ascending trendline support that has been retested several times in the past two months.
This retracement presents a potential buying opportunity for traders looking to capitalize on the dip and position themselves for the next surge.
PEPE had seen a surge in daily active addresses and transaction volumes over the past few weeks, suggesting a likely bullish rally.
The number of active addresses indicated several spikes, with multiple peaks surpassing 200,000 active addresses in a 24-hour period.
The ratio of daily on-chain transaction volume in profit to loss was skewed heavily towards profit, suggesting increased user activity and potential accumulation.
Moreover, the daily PEPE/USDT chart revealed that the recent pullback has found support along an ascending trendline. So, the uptrend may soon resume.
The Stochastic RSI was oversold at press time — potentially signaling a price reversal. Also, the MACD histogram has crossed above the signal line, indicating a potential bullish crossover.
PEPE’s current dip presents a potential buying opportunity. The surge in active addresses and transaction volumes provided a major bullish signal.
The strong support found along the ascending trendline and oversold conditions on the Stochastic RSI affirmed the bullish signal. It suggested that more investors were considering buying the dip.
However, If this fails to hold, the memecoin may see further dips in its price.
#Binance200M #TopCoinsJune2024 #altcoins #pepe⚡
$PEPE
Pepe (PEPE) has recently experienced a significant 32.6% drop in price and retraced to $0.0000120 after hitting its all high of $0.00001724.
PEPE has pulled back to a confluence point at the $0.00001131 support level. This is also an ascending trendline support that has been retested several times in the past two months.
This retracement presents a potential buying opportunity for traders looking to capitalize on the dip and position themselves for the next surge.
PEPE had seen a surge in daily active addresses and transaction volumes over the past few weeks, suggesting a likely bullish rally.
The number of active addresses indicated several spikes, with multiple peaks surpassing 200,000 active addresses in a 24-hour period.
The ratio of daily on-chain transaction volume in profit to loss was skewed heavily towards profit, suggesting increased user activity and potential accumulation.
Moreover, the daily PEPE/USDT chart revealed that the recent pullback has found support along an ascending trendline. So, the uptrend may soon resume.
The Stochastic RSI was oversold at press time — potentially signaling a price reversal. Also, the MACD histogram has crossed above the signal line, indicating a potential bullish crossover.
PEPE’s current dip presents a potential buying opportunity. The surge in active addresses and transaction volumes provided a major bullish signal.
The strong support found along the ascending trendline and oversold conditions on the Stochastic RSI affirmed the bullish signal. It suggested that more investors were considering buying the dip.
However, If this fails to hold, the memecoin may see further dips in its price.
#Binance200M #TopCoinsJune2024 #altcoins #pepe⚡
$PEPE
Mantra (OM) price reaches all-time high – what's next?
(note: the post contains data by CCN)
The OM price has increased swiftly since the start of a month and reached a new all-time high price of $1.09 today, on June 10. The high is a culmination of an even more substantial increase going on since the start of the year.
Despite the rally being completely parabolic, the price action is still bullish. This is clear by the breakout from a symmetrical triangle and the reclaim of the $0.90 horizontal area. The latter led to the creation of a long lower wick.
Moreover, the RSI and MACD are both still bullish. The indicators are increasing and neither has generated any bearish divergence yet. So, the daily time frame price action and indicator readings suggest the upward trend will continue.
The symmetrical triangle existing since March is indicative of a wave four. So, the count suggests the OM price has started the fifth and final wave of its upward movement.
The first potential target for a top is at $1.14. The 1.61 external Fibonacci retracement of wave four creates his target. The second target is at $1.45. Since the OM price has nearly reached the first target and there are no signs of weakness in place, it is possible OM will continue increasing toward $1.45.
Despite the bullish OM price prediction, a close below the $0.90 horizontal area will mean the upward movement has ended. In that case, a lengthy correction toward at least $0.55 will be likely.
#TopCoinsJune2024 #Binance200M #altcoins #MantaRWA
$OM
(note: the post contains data by CCN)
The OM price has increased swiftly since the start of a month and reached a new all-time high price of $1.09 today, on June 10. The high is a culmination of an even more substantial increase going on since the start of the year.
Despite the rally being completely parabolic, the price action is still bullish. This is clear by the breakout from a symmetrical triangle and the reclaim of the $0.90 horizontal area. The latter led to the creation of a long lower wick.
Moreover, the RSI and MACD are both still bullish. The indicators are increasing and neither has generated any bearish divergence yet. So, the daily time frame price action and indicator readings suggest the upward trend will continue.
The symmetrical triangle existing since March is indicative of a wave four. So, the count suggests the OM price has started the fifth and final wave of its upward movement.
The first potential target for a top is at $1.14. The 1.61 external Fibonacci retracement of wave four creates his target. The second target is at $1.45. Since the OM price has nearly reached the first target and there are no signs of weakness in place, it is possible OM will continue increasing toward $1.45.
Despite the bullish OM price prediction, a close below the $0.90 horizontal area will mean the upward movement has ended. In that case, a lengthy correction toward at least $0.55 will be likely.
#TopCoinsJune2024 #Binance200M #altcoins #MantaRWA
$OM
Solana (SOL): poised for recovery or stagnation? | analysis by AMBCrypto
SOL has been caught between $158 and $173 for the past two weeks. Recently, the 50-period moving average crossed below the 200-period moving average, a classic bearish signal in technical analysis known as a “death cross.”
This means that in the short-term, unfortunately, the bears are prevailing.
The price action shoeds a sharp drop followed by intense consolidation. The RSI is currently around 64, closer to the neutral zone’s upper boundary but not yet in the overbought area (typically above 70).
So, there is still some buying momentum, though it is not strong.
The derivatives market doesn’t offer any solace either. Trading volume has significantly decreased by 60.44% to $2.90 billion, a massive drop in trading activity.
The overall long/short ratio of 0.9324 on a 24-hour basis shows an almost equal preference for long and short positions, reflecting the market’s uncertainty about Solana’s next move.
The concentration of liquidations, particularly short liquidations during price spikes, implies a market that is somewhat prone to sudden bullish runs, which can aggressively squeeze short sellers out of their positions.
Overall, there might be room for a small rally if external factors or market sentiment can provide enough bullish momentum.
#TopCoinsJune2024 #altcoins #Binance200M #SolanaStrong
$SOL
SOL has been caught between $158 and $173 for the past two weeks. Recently, the 50-period moving average crossed below the 200-period moving average, a classic bearish signal in technical analysis known as a “death cross.”
This means that in the short-term, unfortunately, the bears are prevailing.
The price action shoeds a sharp drop followed by intense consolidation. The RSI is currently around 64, closer to the neutral zone’s upper boundary but not yet in the overbought area (typically above 70).
So, there is still some buying momentum, though it is not strong.
The derivatives market doesn’t offer any solace either. Trading volume has significantly decreased by 60.44% to $2.90 billion, a massive drop in trading activity.
The overall long/short ratio of 0.9324 on a 24-hour basis shows an almost equal preference for long and short positions, reflecting the market’s uncertainty about Solana’s next move.
The concentration of liquidations, particularly short liquidations during price spikes, implies a market that is somewhat prone to sudden bullish runs, which can aggressively squeeze short sellers out of their positions.
Overall, there might be room for a small rally if external factors or market sentiment can provide enough bullish momentum.
#TopCoinsJune2024 #altcoins #Binance200M #SolanaStrong
$SOL
Bitcoin (BTC) price analysis
(note: the post contains data by Bitcoin News)
BTC’s daily chart portrays a significant rise from $60,176 on May 10 to the $71,958 high, followed by a correction and sideways movement. This pattern suggests a phase of price discovery and consolidation. Volume spikes accompany major price moves, with decreased volume during consolidation. Key support and resistance levels are $60,176 and $71,958, respectively.
Oscillators provide a mixed picture, with the relative strength index (RSI) at 55 and Stochastic at 53, both indicating neutral conditions. The commodity channel index (CCI) at 39 and the average directional index (ADX) at 24 also suggest neutrality. However, the momentum indicator at 1941 signals bullish sentiment, while the moving average convergence divergence (MACD) level at 1007 indicates bearish sentiment.
Moving averages (MAs) show varied signals: the 10-period exponential moving average (EMA) at $69,390 suggests bullish opportunity, while the 10-period simple moving average (SMA) at $69,442 indicates bearish activity. Longer-term EMAs and SMAs generally suggest reinforced bullish sentiment for the long-term outlook.
Given the mixed but generally positive signals from the longer-term moving averages and the momentum indicator, the overall outlook appears bullish. If bitcoin can break through the key resistance levels with strong volume, it could see significant upward movement.
#Binance200M #TopCoinsJune2024 #bitcoin #BTC
$BTC
(note: the post contains data by Bitcoin News)
BTC’s daily chart portrays a significant rise from $60,176 on May 10 to the $71,958 high, followed by a correction and sideways movement. This pattern suggests a phase of price discovery and consolidation. Volume spikes accompany major price moves, with decreased volume during consolidation. Key support and resistance levels are $60,176 and $71,958, respectively.
Oscillators provide a mixed picture, with the relative strength index (RSI) at 55 and Stochastic at 53, both indicating neutral conditions. The commodity channel index (CCI) at 39 and the average directional index (ADX) at 24 also suggest neutrality. However, the momentum indicator at 1941 signals bullish sentiment, while the moving average convergence divergence (MACD) level at 1007 indicates bearish sentiment.
Moving averages (MAs) show varied signals: the 10-period exponential moving average (EMA) at $69,390 suggests bullish opportunity, while the 10-period simple moving average (SMA) at $69,442 indicates bearish activity. Longer-term EMAs and SMAs generally suggest reinforced bullish sentiment for the long-term outlook.
Given the mixed but generally positive signals from the longer-term moving averages and the momentum indicator, the overall outlook appears bullish. If bitcoin can break through the key resistance levels with strong volume, it could see significant upward movement.
#Binance200M #TopCoinsJune2024 #bitcoin #BTC
$BTC
Pepe (PEPE): should we expect a trend reversal? | analysis
(note: the post contains data by AMBCrypto)
Pepe (PEPE) has witnessed much volatility in both directions of late, and the last week was bearish. This was the case after reaching an ATH; the memecoin’s price turned bearish and dropped by double digits.
However, a recent development suggested that the trend might change.
PEPE’s exchange outflow spiked last week. Its Supply on Exchanges dropped, while its Supply outside of Exchanges increased.
This clearly hinted at a rise in buying pressure. Additionally, the memecoin’s supply held by top addresses also increased, which meant that whales were accumulating the memecoin in hope for a price surge.
PEPE’s daily chart to see whether it was preparing for a rally. We found that the Chaikin Money Flow (CMF) registered a downtick in the recent past.
The Relative Strength Index (RSI) also registered a downtick, and, at press time, was placed under the neutral mark. Additionally, the MACD displayed a bearish advantage in the market, minimizing the chances of a trend reversal.
Hyblock Capital’s data aslo revealed that if the memecoin remains bearish, then investors might witness PEPE drop to $0.0000109.
However, if a trend reversal happens, then the memecoin might touch $0.0000156 soon.
#Binance200M #TopCoinsJune2024 #altcoins #pepe⚡ #PEPEATH
$PEPE
(note: the post contains data by AMBCrypto)
Pepe (PEPE) has witnessed much volatility in both directions of late, and the last week was bearish. This was the case after reaching an ATH; the memecoin’s price turned bearish and dropped by double digits.
However, a recent development suggested that the trend might change.
PEPE’s exchange outflow spiked last week. Its Supply on Exchanges dropped, while its Supply outside of Exchanges increased.
This clearly hinted at a rise in buying pressure. Additionally, the memecoin’s supply held by top addresses also increased, which meant that whales were accumulating the memecoin in hope for a price surge.
PEPE’s daily chart to see whether it was preparing for a rally. We found that the Chaikin Money Flow (CMF) registered a downtick in the recent past.
The Relative Strength Index (RSI) also registered a downtick, and, at press time, was placed under the neutral mark. Additionally, the MACD displayed a bearish advantage in the market, minimizing the chances of a trend reversal.
Hyblock Capital’s data aslo revealed that if the memecoin remains bearish, then investors might witness PEPE drop to $0.0000109.
However, if a trend reversal happens, then the memecoin might touch $0.0000156 soon.
#Binance200M #TopCoinsJune2024 #altcoins #pepe⚡ #PEPEATH
$PEPE
Notcoin (NOT): can it form a new ATH in the nearest future? – analysis by CoinPedia
Although trading activity remains below par, the hopes of the NOT price reviving a strong bullish trend towards a new ATH have not vanished.
Regardless of the current market dynamics, which are stuck within a steep bearish trend, the NOT price has displayed hopes of a healthy upswing. Ever since the rejection from the highs, the price has been trading within a falling wedge and the latest upswing has displayed hopes of a bullish breakout. The price is steadily trading along the resistance of the wedge, intending to trigger a breakout any moment from now.
While the market participants appear to be quite sure of a healthy upswing, the trade setup and the technicals suggest a bullish breakout may not be on the cards. The falling wedge is a bullish trade set but the technicals point towards a final drop before a bullish breakout. The Ichimoku cloud remains bearish, while the stochastic RSI is heading towards the upper resistance. This indicates the NOT price is preparing for a minor pullback in the short term which may drag the levels close to the lower support at around $0.016.
The bulls appear to have faded as the buying pressure has failed to mount after the famous bull run that occurred in the past few days. However, after experiencing some drain, the bulls are believed to initiate a fresh upswing and reach a key resistance zone around $0.025. Here is when they are required to display strength, which may propel the Notcoin price towards new highs. Otherwise, the token may continue to remain consolidated within a range and display minor price actions.
#Binance200M #TopCoinsJune2024 #altcoins #Notcoin👀🔥
$NOT
Although trading activity remains below par, the hopes of the NOT price reviving a strong bullish trend towards a new ATH have not vanished.
Regardless of the current market dynamics, which are stuck within a steep bearish trend, the NOT price has displayed hopes of a healthy upswing. Ever since the rejection from the highs, the price has been trading within a falling wedge and the latest upswing has displayed hopes of a bullish breakout. The price is steadily trading along the resistance of the wedge, intending to trigger a breakout any moment from now.
While the market participants appear to be quite sure of a healthy upswing, the trade setup and the technicals suggest a bullish breakout may not be on the cards. The falling wedge is a bullish trade set but the technicals point towards a final drop before a bullish breakout. The Ichimoku cloud remains bearish, while the stochastic RSI is heading towards the upper resistance. This indicates the NOT price is preparing for a minor pullback in the short term which may drag the levels close to the lower support at around $0.016.
The bulls appear to have faded as the buying pressure has failed to mount after the famous bull run that occurred in the past few days. However, after experiencing some drain, the bulls are believed to initiate a fresh upswing and reach a key resistance zone around $0.025. Here is when they are required to display strength, which may propel the Notcoin price towards new highs. Otherwise, the token may continue to remain consolidated within a range and display minor price actions.
#Binance200M #TopCoinsJune2024 #altcoins #Notcoin👀🔥
$NOT
