Is $PEPE Ready for a Comeback After Last Week’s Drop? - AMBcrypto Analytics

CoinMarketCap’s data revealed that the memecoin’s price dropped by 6% in the last seven days. In fact, the coin dipped to $0.0000106, which was last week’s lowest.

But the memecoin started to gain bullish momentum as its value surged by more than 2% in the last 24 hours. At the time of writing, PEPE was trading at $0.00001194 with a market capitalization of over $5.02 billion, making it the 23rd largest crypto.
The recent price uptick also allowed the memecoin to go above a key resistance level.

AMBCrypto’s analysis of the memecoin’s 12-hour chart revealed that it managed to break above $0.000012. However, at press time, it was trading a bit under that mark.
This breakout looked optimistic and could result in a full-fledged recovery if PEPE manages to once again go above the mark and sustain the momentum.
If that happens, then investors might witness PEPE retesting its all-time high in the coming weeks. 

$XRP Price Springs - CoinGape Analytics

As of writing, XRP price jumped 0.58% in the past 24 hours to trade at $0.4941, despite crypto prices trading mainly bearishly today. The token’s 24-hour lows and highs are $0.4808 and $0.5194, respectively, underlining a volatile movement.
XRP’s trading volume from yesterday spiked 242.21%, whereas the Ripple-backed token garnered additional attention as it pumped while BTC, ETH, and others tanked.

Coinglass data highlighted reduced investor interest in the asset, as the Futures OI dipped 0.41% to $559.98 million. However, the derivatives market activity has been on the rise, as the volume surged 337.97% to $3.25 billion. This data painted an uncertain market scenario for XRP at press time.

Besides, the RSI stood around 45, illustrating that the asset is neither overbought nor oversold with slight downside pressure. Nonetheless, the broader industry participants remain optimistic about the asset’s potential ahead, as the introduction of RLUSD stablecoin has birthed an optimistic torrent. This is further accompanied by a stockpile of advancements within the XRPL (XRP Ledger), the blockchain for XRP.

$MATIC Price Prediction: Can Polygon Recover From The Recent Crash? - NewsBTC Analytics

After a decent increase, Polygon’s price faced heavy resistance near the $0.6285 zone. MATIC formed a short-term top at $0.6286 and recently started a fresh decline like Bitcoin and Ethereum.
There was a sharp move below the $0.600 and $0.5720 support levels. The price even dipped below $0.5250 and tested $0.5150. A low was formed at $0.5151 and the price is now attempting to recover. There was a move above the $0.5350 resistance level.
The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6286 swing high to the $0.5151 low. MATIC is trading below $0.560 and the 100 simple moving average (4 hours).

Immediate resistance is near the $0.5550 zone. The first major resistance is near the $0.5720 level or the 50% Fib retracement level of the downward move from the $0.6286 swing high to the $0.5151 low. There is also a key bearish trend line forming with resistance at $0.5720 on the hourly chart of the MATIC/USD pair.

If there is an upside break above the $0.5720 resistance level, the price could continue to rise. The next major resistance is near $0.5850. A clear move above the $0.5850 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.6285 level or $0.650.

If MATIC’s price fails to rise above the $0.5720 resistance level, it could start another decline. Immediate support on the downside is near the $0.5320 level.
The main support is near the $0.5150 level. A downside break below the $0.5150 level could open the doors for a fresh decline toward $0.50. The next major support is near the $0.4850 level.

Weekly Analysis of Altcoin Markets: $FET , $TRX , $SHIB - GNCrypto Analytics

FET is deep in correction after reaching its all-time high of $3.47 on March 28. The pullback has now extended to 63%, which characteristically indicates a downtrend. 

The D1 chart shows that the coin is trapped between a buyer’s zone of $0.98–$1.24 and a resistance zone of $1.61–$1.86. The coin's future trajectory will depend on which direction it breaks out from this range. 

Currently, the conditions favor further declines, potentially refreshing lows around $0.61 over the coming months, a level that may offer prospective buying opportunities.
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After reaching a local low on April 19 at $0.1049, TRX has gradually begun to rise. The asset is now testing the seller zone of $0.117–$0.120, which is pivotal resistance before a potentially stronger upward move. 

For a new global high of $0.144, buyers need to push through this range with substantial volumes and maintain strong buying pressure at the $0.127 level. 

In a bearish scenario, Tron could retest the buyer's zone of $0.105-$0.109, potentially falling to $0.100. 
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Shiba Inu is continuing a local downtrend following an earlier upward trajectory. The asset is currently testing the support zone between $0.0000183 and $0.00002. If buyers fail to maintain the price above this range, SHIB could fall to $0.000017. 

For growth to resume, the price needs to stabilize above the resistance area of $0.0000227–$0.0000241. 
The future rise will largely depend on continued interest in meme tokens and the broader crypto market dynamics.

$NOT Price Prediction: Can NOT Hold Above $0.015? - AMBCrypto Analytics

According to AMBCrypto findings, a decline in buying momentum was one of the reasons Notcoin’s price fell. At press time, the Relative Strength Index (RSI) on the 4-hour chart was down to 43.20.

The RSI measures the magnitude of price changes in the market. It also identifies possible overbought or oversold zones. If the reading is 70 or above, it means a cryptocurrency is overbought.
However, when the RSI is below 30, it means that it is oversold.
But the reading for the coin was below the 50.00 midpoint, indicating that the momentum around NOT had become bearish. Should the reading continue to decrease, Notcoin price prediction will become increasingly gloomy.

However, the Weighted Sentiment has managed to stay above the negative territory. Weighted Sentiment gauges the perception the average market participants has about a project.
If the reading is positive, then it means that most comments are bullish. However, a negative reading implies that the broader sentiment is bearish.

For NOT, the ability of the Weighted Sentiment to stay in the positive region might prevent it from further correction.  If this happens, NOT might jump to $0.021.
On the other, a fall to the red zone could capitulate the token’s price. If this Notcoin price prediction plays out, the value of the cryptocurrency might slide to $0.015.

$PEPE Price Analysis Hints 63% Break Out - CoinGape Analytics

PEPE price broke out of an ascending triangle on May 21 and established a new all-time high (ATH) price. However, as investors began to take profits, the price of PEPE began to retrace and went as low as $0.00001057.
After nearly a month of downside movement, the PEPE price reached a critical resistance-turned-support level. These kinds of support structures are usually strong and can sustain the price up, all factors are constant. Pepe’s price is also in a falling wedge, which is a bullish market structure.

The current PEPE price level coincides with the 0.786 Fibonacci retracement level, which usually offers decent support for the price to bounce back. Moreover, the price retracing to the current level is part of a breakout and tests for the three-month ascending triangle Pepe broke out from.
If Pepe’s price breaks out to the upside of the falling wedge, the asset may surge back to its previous all-time high. Considering the 0.27 Fibonacci extension level, PEPE may rise 63% from its current price to hit a new ATH price of $0.00001948. On the flip side, $0.00001057 is expected to hold water.

$DOGE Is in Optimal Buy Zone - BeinCrypto Analytics

Dogecoin’s price, trading at $0.13, has already witnessed a considerable drawdown in the last two weeks. The meme coin will now potentially witness consolidation between $0.15 and $0.12. These two levels have been rigorously tested in the past and stand as strong resistance and support, respectively.

The indicators presenting mixed signals strongly hint at sideways action for the meme coin.
Any breakout or breakdown will only invalidate the bearish-neutral thesis, sending DOGE to either above $0.16 or below $0.11. The former would help recover the recent losses, while the latter would extend them.

Crypto market’s weekly winners: $NOT , $UNI - AMBCrypto Analytics

Notcoin ended the week as the biggest gainer, starting the week on a high note. An analysis of its price trend showed that it began the week at around $0.019.

The chart indicated a dip to around $0.016 during the week. 
However, by the end of the week, its price had risen to over $0.020. According to data from CoinMarketCap, Notcoin gained 14.19% in the past week, making it the biggest winner.
As of this writing, Notcoin’s market cap is over $2 billion, having increased by over 2% in the last 24 hours. Its volume is also over $1 billion, but it has decreased by more than 25% during the same period.

AMBCrypto’s analysis of Uniswap [UNI] on a daily timeframe chart showed that it had a busy week. The chart indicated that UNI started the week with a loss of over 2%, trading at around $9.8.
After wha appeared to be a recovery attempt on the 10th of June, with an increase of over 5%, taking its price to over $10, it experienced a massive decline the next day.
The chart showed a drop of over 13%, dragging its price down to around $8.9.

The next day, an over 12% increase immediately took Uniswap’s price back to the $10 range. By the end of the week, Uniswap was trading at around $11.5, ending the week with a 10.50% increase.
According to data from CoinMarketCap, it was the second-highest gainer, with a 14.07% increase.
As of this writing, Uniswap is trading at around $11.4, with a minor decline. Data showed that its market cap is around $6.9 billion, having increased by over 4% in the last 24 hours.
Its volume is over $320 million but has decreased by around 13% as of this writing.

$SOL Price Eyes Steady Increase - NewsBTC Analytics

Solana price extended losses below the $150 level like Bitcoin and Ethereum. SOL even declined below the $142 support before the bulls appeared near the $138 level. A low was formed at $138.01 and the price recently started a decent recovery wave.

The price was able to clear the $142 and $145 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low. Solana price is now trading above $145 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $146 on the hourly chart of the SOL/USD pair.

Immediate resistance is near the $150 level. The next major resistance is near the $152.50 level or the 61.8% Fib retracement level of the downward move from the $161.89 swing high to the $138.01 low.

A successful close above the $152.50 resistance could set the pace for another major increase. The next key resistance is near $156.50. Any more gains might send the price toward the $160 level.

If SOL fails to rally above the $152.50 resistance, it could start another decline. Initial support on the downside is near the $145 level and the trend line.

The first major support is near the $142 level, below which the price could test $138. If there is a close below the $132 support, the price could decline toward the $125 support in the near term.

$MATIC Struggles to Break Past $0.75: Is $1 a Pipe Dream? - AMBCrypto Analytics

Over the last 30 days, Polygon’s price has struggled to stay above $0.75, experiencing a downtrend that has seen its value drop to $0.61 at press time.
The chart below shows multiple instances of MATIC attempting to breach resistance levels marked at intervals from $0.66 to $0.75.

Despite these efforts, each rally was met with a sharp reversal, indicating strong bearish pressure at these higher price points.

On the downside, MATIC has established clear support around the $0.57 and $0.61 marks. These support levels are areas where buyers have historically stepped in, preventing further declines.

The RSI has fluctuated around the 50 mark, indicating a balance between buying and selling pressures.
However, it hasn’t ventured into overbought territory (above 70), which aligns with the lack of sustained upward momentum in the price.

The Ichimoku cloud, visible on the chart, suggested a bearish outlook as the price moved beneath the cloud at press time.
The chart above revealed a series of lower highs and lower lows, a classic indication of a bearish trend.

The MACD line was close to the signal line and hovering around the zero line, which meant that there is a lack of strong momentum from either the bulls or the bears.

👀 $SHIB on Its Way to Reversal - U.Today Analytics

Shiba Inu has been gradually regaining value on the market, but unfortunately, the asset could not hold itself at the proper level and retraced in a dramatic fashion, losing key support levels and then plummeting toward the 200 EMA, which is the last resort support level for the asset. For a few days until now, SHIB has struggled to hold onto its gains, facing significant downward pressure. It was helpless at the critical support levels, causing a sharp decline. As a result of this pullback, SHIB is getting closer to its 200-day Exponential Moving Average.

The 200 EMA often acts as a strong support in technical analysis, representing the average closing prices over the past 200 days. For SHIB, it is particularly important as it becomes the “last resort” support of the coin. In case this level gets broken by the asset, it will be seen as signifying a longer bearish trend that could lead to more drops.

The SHIB market has been divided into two factions with regards to its sentiment. Some people, when seeing this drop, consider it just a small lapse, while others are more cautious and think that not holding key supporting levels might indicate underlying weaknesses. This recent price action reveals itself as a classical retracement pattern after making efforts toward recovery, indicating high volatility in the cryptocurrency industry. It would be advisable for investors to keep track on the 200 EMA.

A bounce from there may allow SHIB to reestablish new grounds toward its next bullish cycle. But breaking down below such a threshold may bring about further selling pressures and a continuation of the current downtrend.

💥 $XRP faces a crucial test at $0.45: Is a crash to all-time low likely? - AMBCrypto Analytics

Ripple [XRP]  is wrestling with a critical support level after a 13% drop since the 25th of May. The rejection has left investors in a dilemma, wondering if XRP will plunge to its all time low or if a bullish surge is on the horizon after a likely price reversal.
As of this writing, XRP was consolidating in a bullish pennant, with an impending breakout point in nearing. The price is currently fluctuating around the support level at $0.45.

If the price closes below this level, a further price fall to the all time low may be witnessed.  However, if XRP holds this support and builds enough bullish momentum, a price reversal towards the $0.53 resistance level is within reach.

The stochastic RSI (23.27) is in an oversold zone, indicating an impending bullish reversal.

🚀 $PEPE Price Prediction: Meme Coin Trades Below Key Moving Average - BeinCrypto Analytics

At its current price, PEPE trades below its 20-day Exponential Moving Average (EMA), which represents an asset’s average price over the past 20 days. 
When the price drops under this key moving average, the asset trades lower than its average price in the past 20 days. It is a bearish sign and signals a shift in market trends from buying to selling.

Readings from PEPE’s Moving Average Convergence Divergence (MACD) confirm the shift in sentiment. On June 1, the token’s MACD line (blue) crossed below its signal line (orange) towards the zero line.
This intersection signals that selling pressure outweighs buying activity, and the bears now dominate the market. 
If the bearish influence in the PEPE market continues to surge, it might force its price to $0.000011.

However, if invalidated and the bulls regain market control, PEPE may push higher toward $0.000013.

💵 Notcoin Price Prediction as $NOT Nears All-Time High – $1 Breakout Incoming? - CryptoNews Analytics

Notcoin uptrend seems to have been revived after a change in momentum over the past 48 hours.
Most notably, Notcoin’s relative strength index (purple) has dipped from 80 to 30 over the past 24 hours. This suggests that the upward momentum has weakened, hinting towards consolidation.

This is reinforced by Notcoin’s recent failure to rebound from the $0.017688 support level (red). This indicates that the buying pressure is not strong enough to sustain prices above that level.
To see further upside and potentially break its all-time high on the road to $1, NOT will need more significant momentum.
Despite current negative indicators, the 30-day moving average (yellow) is trending upward and approaching the 200-day moving average (blue). This suggests that short-term momentum remains positive.

If the 30-day moving average decisively crosses above the 200-day moving average, it could signal that the short-term momentum is strong enough to potentially influence a long-term uptrend.
While technical indicators suggest positive short-term price movements, sustainable long-term growth will likely hinge on fundamental factors.

Most significantly, the space at large is being greatly limited by The Federal Reserve’s unexpected hawkish stance on potential rate cuts, which has overshadowed softer consumer inflation figures.
The Fed kept interest rates unchanged. The benchmark rate is projected to reach 5.1% this year. This suggests only one rate cut in 2024.
This undercuts previous anticipations of up to 3 rate cuts, putting pressure on the market and creating uncertainty among traders.

🔥 $SOL Hanging From Edge - U.Today Analytics

Solana has been one of the most stable assets on the cryptocurrency market thanks to the movement above the $150 threshold. However, things are about to change considering the fact that it is barely holding onto the 100 EMA which, if breached, will certainly lead to a strong drop toward the $130 price level that coincides with the 200 EMA and acts as a strong buffer for the price.

Right now, Solana is barely hanging onto the 100-day Exponential Moving Average (EMA), which is a significant support level. For this asset, 100 EMA has in most cases been the critical point where the price reverses back upward in case of downtrends. Unfortunately for Solana, if that support is breached, then it might suffer a deep decline.

The next key support area lies around $130, which also coincides with the 200-day EMA. In technical analysis, the point where the 200 EMA crosses can be considered as a horizontal support or resistance line. However, at this level a sharp pullback may take place, inhibiting further declines in case of Solana’s price reaching that level.

When the 100 EMA breaks through, panic-selling may accelerate toward the downward trend to reach the 200 EMA at $130.

At press time, SOL is trading at:
- $147.89 on Binance
- $147.86 on WhiteBIT
- $147.85 on Coinbase

👀 $FLOKI drops 28% in 7 days: Breaking down what’s going on - AMBCrypto Analytics

AMBCrypto assessed some key indicators and found that they hinted at the possibility of a further decline in FLOKI’s value.

At press time, the meme coin is trading at:
- $0.00022232 on Binance
- $0.00022252 on WhiteBIT
- $0.00022248 on Gate.io

For example, its key momentum indicators rested below their respective center lines. FLOKI’s Relative Strength Index (RSI) was 46.55, while its Money Flow Index (MFI) was 46.32. 
These indicators identify overbought or oversold conditions in a market by measuring the momentum and changes in an asset’s price movements.

At their values at press time, FLOKI’s RSI and MFI suggested that selling pressure outweighed buying activity.
The meme coin’s negative Chaikin Money Flow (CMF) also confirmed this. This indicator measures how money flows into and out of an asset. 

A negative CMF value indicates market weakness, which signals increased liquidity exit. This is a bearish sign, and traders interpret it as a precursor to a further price decline.
As of this writing, FLOKI’s CMF was -0.04.

Further, FLOKI’s Aroon Down Line (blue) confirmed the strength of its current downtrend. It was at 100% at press time. 
This indicator measures an asset’s price trend strength and identifies potential reversal points.
When the Down Line is close to 100%, the downtrend is strong, and the most recent low was reached relatively recently.

💥 Here's Why $BTC Can't Reach $70,000 - U.Today Analytics

Bitcoin is struggling to cross the $70,000 threshold for a number of reasons. The significant lack of purchasing power is one of the main causes. Bitcoin's price previously reached all-time highs due to significant capital inflows. A decreasing number of new purchasers are nevertheless willing to make these high-level investments, according to the state of the market. The lack of buying interest is making it difficult for Bitcoin to surpass the psychological $70,000 barrier. 

The change in institutional behavior is another important component. Institutions are now shifting money away from Bitcoin ETFs despite the fact that they were crucial to Bitcoin's earlier rallies. This change is partially the result of people looking for better returns in alternative asset classes or new developments in the cryptocurrency industry.

The potential price of Bitcoin is weakened by diminished institutional support because a significant portion of the buying pressure that raised prices came from these large-scale investors.  Furthermore, strong fundamental drivers that have historically sparked enormous bull runs are absent from Bitcoin at the moment. While the NFT craze played a similar role in 2021, the ICO boom in 2017 propelled Bitcoin to previously-unheard-of heights. There is currently no trend or invention like this propelling investor capital and enthusiasm toward Bitcoin on a large scale.  

The struggles of Bitcoin are also reflected in technical indicators. It appears that neither overbought nor oversold conditions exist as the Relative Strength Index (RSI) has been circling around neutral. This neutral RSI adds to the general sense of indecisiveness and uncertainty on the market, further impeding any meaningful price movement.

🚀 $PEPE , $BONK lead memecoins’ recovery amidst broader market decline - AMBCrypto Analytics

An analysis of Pepe coin on a daily time frame showed that while the market was down on 11th June, it saw an increase.
The chart indicated that the memecoin’s value rose by over 5%, trading at around $0.00001137. As of this writing, it has increased again by almost 3%, now trading at around $0.0000131.

Additionally, the analysis showed that the memecoin’s support, represented by its short moving average (yellow line), was holding strong.
Also, the recent climbs have pushed it into a bull trend. An analysis of its Relative Strength Index (RSI) indicated that it had crossed slightly above the neutral line, signifying a weak bull trend as of this writing.

An analysis of Bonk on the daily time frame showed that, like Pepe, it saw a slight increase in the previous trading session. However, it is in the current trading session that Bonk is experiencing a significant price increase.
As of this writing, Bonk was trading with an almost 6% increase. The chart indicated that it was close to climbing above its yellow line, which has served as resistance until now.

Despite the significant price increase, Bonk remained in a bearish trend, although this trend appeared to be weakening.

An analysis of Bonk’s Relative Strength Index (RSI) showed that it was currently below the neutral line. However, as of this writing, it was approaching the neutral line, indicating that the bear trend was weakening.

💵 The $NOT Token’s Bullish Price Action - CryptoNews Analytics

In contrast to Notcoin, the market leaders have underperformed. Bitcoin ($BTC) only added 3.8% in the last 24 hours and 2.4% in the fortnight. Meanwhile, Ethereum’s ($ETH) grew 2.8% in the last 24 hours and actually shed 4.6% in the last week.

Partly fuelling $NOT ’s growth is a recent announcement that players have until June 16 to claim their tokens.
Claiming is done by withdrawing tokens from the app to a wallet.
Notcoin players will also soon be able to access the game’s ‘Levels’ and ‘Explore’ features.
Initially priced at $0.00748639, the $NOT token experienced a significant dip to an all-time low of $0.004611 just eight days post-launch, on May 24.

However, it quickly rebounded, reaching an all-time high (ATH) of $0.02836 on June 2, although that momentum has since slowed. $NOT ’s current price represents a pullback from ATH of 36%.

Notcoin currently maintains a stable relative strength index (RSI) of 68. That’s stabilizing from a brief spike when RSI hit 80, signaling the asset was vastly overbought.
The token may have found a psychological support level at $0.015, although as it is a relatively new project, only time will tell.

🔥 $IO Price Analysis - CoinEdition Analytics

The Bollinger Bands on the 15-minute chart for the IO cryptocurrency show a significant widening, indicating heightened market volatility. This divergence suggests that a substantial price movement could be imminent. 

Presently, the IO price is near the upper Bollinger Band, marked at 5.119. This band typically suggests an overbought condition that may lead to a potential reversal in price direction. On the flip side, the lower band is positioned at 3.6875. This band outlines the possible range for downward price movements, highlighting the volatility and trading opportunities within this range.

In the past 24 hours, IO has seen significant buying activity, indicated by a sharp increase in its Relative Strength Index (RSI). The RSI has reached an overbought level at press time, signaling that a price correction for IO could be imminent.

The RSI’s downward trajectory also points to a possible emerging bearish trend within the IO market. Together, these indicators hint at critical upcoming shifts that investors need to monitor closely.

Currently, the MACD indicator for the IO token displays a reading of 0.2553, positioned above the signal line within the green zone, signaling a bullish short-term trend for the token. This positive MACD reading suggests that IO’s price momentum could remain strong, potentially avoiding immediate downward corrections.

However, it’s noteworthy that there has been a noticeable decrease in the size of the histogram bars above the zero line. This shrinkage in the bars may indicate that the bullish momentum of the IO token is weakening, which could lead to a slowdown in its upward trajectory.