Short Answer: It’s likely that PEPEUSDT might go lower next week. 📉
Here’s Why:
Current Trends: The price is dropping on the weekly chart, which means it’s been going down for a while.
Indicators:
* RSI (Relative Strength Index): This is a number that tells us if a coin is overbought or oversold. PEPE’s RSI is low, which means it’s oversold. Normally, this might suggest a bounce back, but the overall trend is still down.
* Stoch RSI: This also shows low numbers, indicating that PEPE is oversold, but it’s not enough to confirm a price increase yet.
What to Watch For:
-Support Levels: If the price stays above certain levels, it might not drop much further. But if it breaks these levels, it could go lower. -Market News: Bad news can push the price lower, while good news might help it bounce back.
Conclusion:
***Short Term (This Week): PEPE might go up a little because it’s oversold. ***Next Week: If the downtrend continues, PEPE could go lower. Always remember to do your own research and don’t invest more than you can afford to lose! 📚 #BTCMarketPanic #BinanceSquareFamily $PEPE
🟢BTC is now trading around 56.3k. Bitcoin is dumping after breaking down the rectangular zone. So the Possible scenarios are If the price dumps and breaks down the support zone, we may see more dumps and the price may move towards the lower support zone. Otherwise If the price bounces back from the current support zone then we can see bullish momentum in it. Another bullish sign is that RSI divergence has also formed which is a bullish sign. Stay tuned with us for further updates #MarketDownturn $BTC
Amid the macroeconomic climate and yesterday's market downturn, #Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to @DefiLlama's CEX Transparency metrics. This marks one of the highest net inflow days of 2024, indicating strong investor confidence. Yesterday also saw one of the highest trading volumes on Binance year-to-date. We are now witnessing a rebound in major token prices, with current market trends validating this. 📈🔥
Presently, $PAAL has validated its support at 0.15$ and is progressing towards our next target of 0.56$ with considerable volume. We also expect $BTC to remain bullish. The last rally resulted in 32x gains as per our tracking.
After Bitcoin halving all eyes on Bitcoin 👀 Still Respectable Range. But once the dust settles, altcoins will go much higher and no one can stop it 🔥 Adding some Alts at cheap discounted prices in parts only 🔠 Every Alts is down a lot since after Halving, but only a few have diamond hands 💎 Again Patience Hodle Tight 😎❤️ $BTC $ETH $BNB #BinanceLaunchpool #ScamRiskWarning #bitcoinhalving #Token2049 #Memecoins