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PEPE has formed a descending triangle pattern on the four-hour time frame and is on the verge of a breakout. If PEPE breaks out of the pattern and closes a four-hour candle above the $0.0000243 level, there is a strong possibility it could soar by 17% to reach $0.000028. On the positive side, PEPE’s Relative Strength Index (RSI) is still below the overbought area, indicating the asset has room for an upside rally. Combining these on-chain metrics, it appears that bulls, including traders and long-term holders, are currently dominating the memecoin. This could support a breakout from the pattern and propel the memecoin by 17% in the coming days. Currently, PEPE is trading near $0.0000235, having experienced a price surge of over 1.5% in the past 24 hours. During the same period, its trading volume increased by 15%, indicating heightened participation from traders and investors amid PEPE’s bullish outlook.$PEPE

As ATOM’s price falls 4% in 7 days, predictions advice caution ATOM is about to touch a key support zone, which can either trigger a bull rally or push its price down further.  Cosmos [ATOM] bore losses over the last few days as its value plummeted by 4.3% in the last several days. In the last 24 hours alone, it was down by 2%. According to CoinMarketCap, at the time of writing, ATOM was trading at $9.63 with a market capitalization of over $3.6 billion. In a tweet dated the 21st of January, Michaël van de Poppe noted that ATOM’s price was near a critical support level. Also, the $7.50–9.00 zone was a crucial area to hold. Request 04 – $ATOM | @cosmos Cosmos has been lagging behind like Polkadot. Crucial area to hold, if this area between $7.50-9.00 is going to hold, likely a breakout to $22-26 seems next.

Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours. Shiba Inu (SHIB) Bearish Outlook This notable volume appeared as SHIB began experiencing selling pressure and the formation of a bearish price action pattern near a resistance level. However, the meme coin’s bearish outlook emerged during a period when major cryptocurrencies like Bitcoin (BTC) and XRP witnessed notable upside rallies. SHIB Technical Analysis and Upcoming Level According to technical analysis, SHIB has formed a bearish inverted cup and handle price action pattern on the daily time frame and is currently on the verge of a breakdown. However, this is a resistance level where the meme coin has formed this price action pattern. Based on historical price momentum, if SHIB breaks down from the bearish pattern and closes a daily candle below the $0.0000258 level, there is a strong possibility it could drop by 20% to reach the $0.0000206 level in the coming days. However, it has been more than a month since SHIB has experienced any significant price gain or drop; it seems to be in continuous price consolidation. But the recent price action indicates potential downside momentum, selling pressure, and a price decline in the coming days. On the positive side, SHIB’s Relative Strength Index (RSI) currently stands at 55, indicating that it is still below the overbought area. This technical indicator suggests that the asset has enough room to soar in the coming days. Current Price Momentum Currently, SHIB is trading near $0.000026 and has experienced a price decline of 2.65% in the past 24 hours. During the same period, its trading volume dropped by 17%, indicating lower participation from traders and investors amid a bearish outlook. #Shib $SHIB

$ZIG is retesting previous highs and has bounced from the demand zone. Definitely a buy area, and if you look at the LTF (2nd chart), you’ll see that it’s holding support pretty strong here. Expecting a move into price discovery soon once money flows into ETH and alts.

$ZIG is retesting previous highs and has bounced from the demand zone. Definitely a buy area, and if you look at the LTF (2nd chart), you’ll see that it’s holding support pretty strong here. Expecting a move into price discovery soon once money flows into ETH and alts.