PEPE has caught the attention of traders and investors with its remarkable upward trajectory and significant bullish momentum. Market analysts are closely monitoring key indicators and trends to gauge the potential heights that PEPE could reach in the current market climate. Current Price Analysis At the time of writing, PEPE’s price was trading at around
Crypto analyst Tara has recently pointed out a bullish pattern on the Bitcoin chart, indicating a potential major impulse move that could send the flagship crypto to a new all-time high of $75,800. This analysis is based on the completion of a full ABCDE on both price and the Relative Strength Index (RSI), with Bitcoin
The introduction of crypto-related spot exchange-traded funds (ETFs) in the United States has had a significant impact on the supplies of Bitcoin and Ethereum on centralized exchanges. Recent data from Glassnode shows that Bitcoin balances on exchanges have dropped to 11.6%, marking the lowest level since December 2017. Similarly, Ethereum balances are at 10.6%, the
Bitcoin’s price has been experiencing a choppy market condition recently, dampening hopes of a breakout to new highs in the near future. Despite this, there are signs that the current bull cycle may not be over yet, as the premier cryptocurrency seems to be going through a phase of euphoria, according to on-chain observations. This
Bitcoin’s recent inability to break above the $72,983 resistance level has resulted in a downward trend in its price. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has caused the crypto asset to drop from $71,942 to $66,785 and fall below the SMA in both the 1-hour and 4-hour charts. This
Investor sentiment appears to be growing in the crypto market, with Bitcoin emerging as a major beneficiary of this positive trend. Despite some disappointing price movements, large-scale investors continue to accumulate BTC. Although the cryptocurrency’s price closed below $70,000 at the end of May, it had previously touched this level multiple times in the final
President Joe Biden recently made headlines by vetoing H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. In his explanation for the veto, Biden emphasized that SAB 121 reflects the technical expertise of SEC staff and plays a crucial role in protecting the public. He expressed concerns that overturning the
In a recent analysis, crypto analyst Egrag Crypto has presented two potential scenarios that could lead to a breakout for the XRP price. According to Egrag, the crypto token could surge to as high as $7.5 in the near future. This prediction is based on the revelation that XRP’s Relative Strength Index (RSI) has hit
Crypto analyst Pierre recently shared his insights on why the $69,000 price level is crucial for Bitcoin’s future price action. According to Pierre, if Bitcoin manages to break above $69,000, it could retest the all-time high region of $73,000, potentially paving the way for a new ATH. However, he also warned that Bitcoin must maintain
Near Protocol has experienced a relatively good year in 2024 so far, despite the market’s volatility. However, a recent breakout in the price has led some crypto analysts to believe that the altcoin may be heading towards a bearish trend. The Near Protocol price had formed a wedge pattern earlier in the month of May,