After a sharp decline last week, Bitcoin has started to recover and reached $58,000. The price action of BTC suggests that it might keep moving upward as the market becomes more confident. On Wednesday, Bitcoin (BTC) bounced by almost 3%, trading at around $58k. This rise follows a weekend of turmoil during which BTC prices dropped to as low as $54k. On Wednesday, bitcoin continued its rally having gained 10% over three days. The current surge is being supported by diminishing fears within the market about potential Mt Gox payouts and renewed investor faith. Factors Behind the BTC Rebound There…

Over the past few weeks, Pepe Coin (PEPE) has had significant price fluctuations, in line with bigger volatility in cryptocurrencies. On Monday, PEPE dropped by 8.5%, finding its bottom at a low of $0.000008374 but has since rebounded to $0.000009. As of today Tuesday, July 9, the live Pepe price is $0.000009431, having a trading volume for 24 hours of $1,130,160,607.The token has risen by 13.01% over the past day despite the general market decline.PEPE’s net flow on an exchange registered a negative balance of -1 trillion PEPE on July 7th indicating great buying activity as investors get into action…

As the cryptocurrency market faces substantial turbulence, Worldcoin (WLD) presents a unique scenario of resilience mixed with volatility. Over the past week, WLD has experienced a notable decline, breaching critical support levels and prompting discussions about its future.  Despite a tough week where Worldcoin dipped to a low of $1.85, a rebound to $1.90 in the last 24 hours suggests a potential easing of selling pressures. This price action is underpinned by a significant volume of nearly $189 million, indicating a robust trading interest that could hint at a forthcoming recovery phase. Technical Indicators Suggest a Turning Point Technical analysis…

Pepe Coin (PEPE) has undergone significant price swings with a major downward inclination, failing to break the resistance level of $0.00001086. The value bounced back from an intraday low of $0.000009667 as it had dropped sharply after making that crucial move. At present, PEPE is being traded at $0.000008, which represents a 15.95% decrease within the preceding 24 hours.  Impact of Whale Transactions on PEPE One of the main drivers for recent price swings in PepeCoin has been whale activities carried out by large holders otherwise known as whales. In this regard, a whale named dimethyltryptamine.eth performed one notable transaction…

Bitcoin price analysis suggests a downward trend as the cryptocurrency failed to hold itself above the critical support level at $60K and currently hovers around $58,453. This slump is indicative of a general mood of fear and uncertainty in the crypto market, possibly pointing towards further capitulations despite calls to buy when prices fall. Increased Selling Pressure Highlighted by Technical Indicators Its recent plunge below various key psychological support levels is a clear indication that Bitcoin’s technical outlook has become increasingly bearish. Most notably, its 200-day moving average (MA) has been crossed downwards for the first time since October 2023,…

Solana (SOL) is under bearish pressure below the previous key support price level of $145. The last 24 hours saw a marginal 3.4% decline in Solana, indicative of the overall instability in the cryptocurrency market largely influenced by Bitcoin’s fall below $61,000. Consequently, this has added downward pressure on Solana even as it demonstrates potentiality based on internal and external factors. SOL Strives to Maintain Momentum Above 50-day & 200-day SMA Despite the immediate bear pressures, technical indicators for Solana show an underlying bullish momentum. The asset broke out from a Descending Channel Formation and is trading above critical long-term…

The price of Tron (TRX) has staged a robust comeback, starting July on a high note by breaking through important resistance levels that have limited its movements for the last few months. The digital currency has successfully surpassed May’s peak of $0.1275 and touched $0.13 before experiencing a minor setback.  Technical Indicators and Market Sentiment TRX’s price broke through the crucial support level and turned into a resistance area at $0.1275.This is actually significant as it demonstrates a double bottom pattern from the previous low at $0.105 witnessed in the past couple of months. Typically, this is an indicator of…

Bitcoin (BTC) is showing resilience and momentum as it approaches the key resistance at $64,515. Currently, BTC is trading around $62,710, consolidating near major resistance levels which if broken could mean the start of a big up move. Bitcoin is trading in a defined range which means a tug of war between bears and bulls. The MACD is about to have a bullish crossover as the MACD line (blue) is about to cross the signal line (orange) from below. The RSI is at 67.28 which is close to overbought but still has room for an up move before the market…

Floki Inu (FLOKI) meme coin has exhibited slight price upticks with the latest trading data reflecting a slight change to $0.0001695. FLOKI has shown remarkable resilience amid wider market volatility driven primarily by Bitcoin’s changing prices. It achieved a 0.44% hike within the past 24 hours accompanied by a substantial trading volume totaling $146,485,257. This pattern indicates some kind of stabilization after a big drop that returned token back to its April’s price levels. The coin has had its share of turbulence after sharply falling from this year’s peak but one crypto analyst-crypto indicator Cryptorphic believes that it can be…

The trading of Notcoin (NOT) in the market today has experienced a 3% fall, marking an evident retracement from recent highs. The intraday chart displays volatile trades in Notcoin (NOT). NOT started the day near yesterday’s close at $0.015467 and went on to create several peaks and troughs with price peaks that reflected market sentiment very closely and huge volume spikes associated with them. The movements depicted in the chart indicate a choppy session for Notcoin marked by rapid moves, which might challenge intraday traders. Note that approximately $0.015400 is the resistance level that Notcoin could not have broken earlier…