• Analyst Michael van de Poppe shared in a tweet yesterday that he can see ETH’s price climbing to $2k soon.
• The trader explained that ETH’s price may consolidate for a few days before starting its ascent.
• At press time, ETH was trading hands at $1,822 after a 1.72% price drop over the past 24 hours.

The popular crypto trader and analyst, Michael van de Poppe, shared in a tweet posted yesterday that he could see Ethereum’s (ETH) price climbing to $2k soon. According to the post, he expects ETH’s price to continue consolidating over the next few days before breaking out toward the upside.

Furthermore, van de Poppe also highlighted the importance of ETH’s price remaining above $1,825. If the altcoin can stay above this level, it is possible for ETH to continue upwards. He then added that ETH will likely target $1,880 next.

Van de Poppe concluded the post by stating that if ETH could break above $1,880, he believes the price of the altcoin could see $2,000 “relatively fast”. At press time, ETH’s price was trading just below $1,825 at $1,822.75 after it experienced a 1.72% price decrease over the past 24 hours.

As a result, ETH was trading close to its daily low of $1,815.90. Despite the altcoin’s price drop, it was still able to strengthen against its biggest competitor, Bitcoin (BTC), by around 0.27%. In addition to this, the crypto’s drop in price was also not enough to drag its weekly performance into the red as it was up 0.07% over the past seven days of trading.

The RSI line on ETH’s 4-hour chart suggested that the leading altcoin’s price would continue to fall in the next 24 hours, as the line sloped negatively towards oversold territory. In addition to this, the 9 EMA line on the 4-hour chart was looking to cross bearishly below the 20 EMA line.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Michael Saylor recently shared his thoughts on crypto adoption and regulation at the Bitcoin 2023 conference.
• Saylor emphasized a number of factors that are getting in the way of BTC being adopted as a treasury reserve asset.
• Ultimately, Saylor firmly believes that BTC’s integration into traditional institutions is inevitable.

The co-founder of MicroStrategy and notorious Bitcoin (BTC) fan Michael Saylor, shared some of his thoughts relating to the crypto space in a recent interview at the Bitcoin 2023 conference which was held between 18-20 May in Miami. One of the focus points from the interview was the lack of regulatory clarity around crypto, which Saylor stated is intentional.

According to Saylor, the limited adoption of Bitcoin as a treasury reserve asset among public companies, with only 24 listed companies holding it according to CoinGecko, may not be surprising considering various factors. Saylor pointed out that one significant challenge is the accounting treatment of Bitcoin as an indefinite and intangible asset.

He explained that this discourages investment due to the inability to write up its value. In addition to this, the entrepreneur explained that the crypto market’s complexity and confusion, especially with numerous other cryptocurrencies and recent regulatory crackdowns, have made conservative CFOs cautious.

However, Saylor believes that Bitcoin’s credibility has been strengthened through the failures of other crypto companies, highlighting its uniqueness as a commodity. The resolution of regulatory issues and the normalization of accounting practices may eventually lead more companies to consider Bitcoin as a substantial asset allocation, according to Saylor.

With regard to the lack of regulatory clarity in the cryptocurrency industry, Michael Saylor believes it is seen by many in the industry as intentional rather than accidental. For example, Coinbase, a major crypto company, threatened to leave the US without clearer regulations and is suing the SEC for lack of transparency.

One of Saylor’s stand-out statements was the fact that he referred to himself as a Bitcoin realist. Ultimately, Saylor firmly believes that Bitcoin’s integration into traditional institutions seems inevitable due to several economic, physical, and political factors.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Ever since mid-May, LTC has been trading above the $90 psychological level.
• If the altcoin is able to stay above $91.50, it could clear the past for LTC to reach $100.
• On the other hand, if LTC is unable to stay above $90.51, the altcoin will likely once again fall below $90.

In April, Litecoin’s (LTC) attempt at a recovery was stopped in its tracks after Bitcoin (BTC) got rejected at the crucial $30k level. As a result, LTC’s price dropped back below the $90 psychological level. Since then, LTC has not been able to climb above this level again.

However, CoinMarketCap indicated that LTC was able to finally do so on 16 May 2023, and the altcoin has been trading above $90 since then. Furthermore, LTC was trading hands at $91.31 after a 1.94% price drop over the past 24 hours.

As a result of the recent price drop, LTC weakened against the two market leaders, Bitcoin (BTC) and Ethereum (ETH) by about 1.28% and 1.84% respectively in the past day. Nonetheless, LTC’s weekly performance was able to remain in the green at +4.32%.

LTC’s price was hovering around the key support level at $91.50 at press time. Should the altcoin close today’s trading session below this level, it could result in a drop to the 20-day EMA line at $88 in the next 24-48 hours. A break below this level will result in LTC dropping further to $84.30.

On the other hand, LTC closing today’s candle above $91.50 will clear a path for it to rise to $100 in the next few days. One technical indicator on the crypto’s daily chart suggested, however, that LTC’s price would close below the key support level at the end of today.

At press time, the daily RSI line on LTC’s chart was sloped bearishly towards the oversold territory. Nevertheless, the daily RSI line was still bullishly trading above the daily RSI SMA line. In addition to this, the 9-day EMA and 20-day EMA lines were acting as support for the altcoin’s price, and the 9-day EMA was bullishly trading above the 20-day EMA line.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• In his recent YouTube video, Dan Gambardello shared some of his expected targets for ADA.
• The trader also explained that although he expects the price of ADA to drop soon, he does not disregard ADA’s potential for a move up.
• At press time, ADA was trading hands at $0.365 after a 0.06% price decrease.

Yesterday, the popular crypto trader and analyst, Dan Gambardello, shared some of his targets for the price of Cardano (ADA) in his latest YouTube video. According to Gambardello, ADA has been stuck in a prolonged period of sideways price action, causing frustration among investors.

He added that ADA’s chart formed a large red rectangle, symbolizing nine months of consolidation with a narrow price range between $0.44 and $0.30. While the altcoin’s price broke out of this range, it quickly retreated back into it. He did, however, add that this extended period of sideways movement is not uncommon during bear market transitions.

From a technical analysis standpoint, Gambardello pointed out that ADA’s daily chart revealed a recent breakout from a falling wedge pattern. Despite this, the Ethereum-killer’s price was struggling to surpass the 20-day moving average resistance.

Gambardello then highlighted the fact that there is a critical support level around $0.35, and a break below this level could lead to further downside towards the $0.33 range. Such a move would represent a significant decline, potentially around 9% to 10% from the current price level.

However, Gambardello did not cast aside ADA’s potential for an upside move. If Cardano manages to find support and bounce back, the trader believes that the immediate target would be around $0.44 to $0.45. Zooming out, there is still a larger bullish scenario at play, according to him, with a potential target of $0.70 or higher in the long term.

At press time, ADA was trading hands at $0.365 after a 0.06% price decrease over the past 24 hours. ADA’s weekly performance was also in the red and stood at -0.70%.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• The crypto trader and analyst Crypto Rover predicted that BTC will experience a breakout this weekend.
• BTC’s price continued to trade below the key $27K mark at press time.
• Technical indicators on BTC’s chart suggest that BTC will climb to above $27K in the next 48 hours.

The crypto trader and analyst, Crypto Rover, predicted in a tweet this morning that a weekend breakout for Bitcoin (BTC) is imminent. This is after a parallel wedge had formed on BTC’s 3-day chart. 

At press time, CoinMarketCap indicated that BTC had printed a 0.25% gain over the last 24 hours. As a result, the price of Bitcoin (BTC) stood just below the key $27K level at $26.9K. This added to the leading crypto’s already-positive weekly price performance – taking the total weekly gain to +0.28%.

BTC was unable to replicate its positive performance against the Dollar with its biggest competitor, Ethereum (ETH). At press time, BTC was down 0.15% against ETH.

BTC’s price closed below the psychological $27K level on Thursday following a more than 2% drop in the day’s trading session. Yesterday, it had attempted to reclaim a position back above the key level, and reached a high of $27,183, but retraced to close yesterday at $26,880.

The breakout predicted by Crypto Rover may be a rally given that a significant bullish flag was on the verge of triggering on BTC’s daily chart. At press time, the daily RSI line was looking to cross bullishly above the daily RSI SMA line. In addition to this, the daily RSI was in oversold territory.

Should these two lines cross, BTC could climb back above the $27K mark before moving towards $27,723.73. On the other hand, if BTC’s price breaks below the next support level at $26,300, then it will drop sharply to the next support level at around $24,700.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• INJ occupies the number 1 spot on CoinMarketCap’s trending list after climbing more than 5%.
• The altcoin was also able to strengthen against BTC and ETH over the last 24 hours.
• Technical indicators on INJ’s 4-hour chart suggest that there may be a correction in the crypto’s price soon.

Over the past 24 hours of trading, Injective (INJ) earned itself a spot on CoinMarketCap’s trending list after a price increase of more than 5% during this period. As a result, INJ was trading at just over $7, close to its daily high of $7.18.

In addition to this, INJ succeeded in strengthening against the two market leaders, Bitcoin (BTC) and Ethereum (ETH) by about 6.26% and 5.80% respectively. The altcoin’s increase also succeeded in pushing its weekly performance even further into the green as, at press time, INJ was up 18.22% over the past seven days.

Throughout the past day, INJ’s 24-hour trading volume saw an increase of more than 50%, and as a result it stood at $91,984,880 at press time. Its market cap of $562,948,699 meant that it was ranked as the 72nd biggest crypto in terms of market capitalization.

INJ’s price was able to flip the resistance level at $6.795 into support yesterday morning following a 3.43% move. At press time, its price continued to trade between this recently-flipped level and the next resistance level at $7.352. Furthermore, the altcoin’s price had the support of the 9 EMA line on the 4-hour chart.

The RSI indicator on INJ’s chart suggested that the bullish move over the last 24 hours had lost momentum, as the RSI line had formed a peak and was negatively sloped towards oversold territory. Should there be a pullback in the crypto’s price, it will likely result in INJ’s price dropping to $6.791 in the next 24 hours.

An early indication of the potential pullback will be when INJ’s price drops below the 9 EMA line. Conversely, the altcoin’s price remaining above the 9 EMA line for the duration of today’s trading session will invalidate the bearish thesis. This may lead to it climbing to $7.352 in the following 24-48 hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Ethereum (ETH) was able to print a gain over the past 24 hours.
• Sellers on ETH’s charts are attempting to defend the $1,833 resistance.
• Technicals suggest that ETH could drop to $1,788 if buyers don’t step in soon.

The altcoin market leader Ethereum (ETH) was able to print a 24-hour gain in the last 24 hours according to CoinMarketCap. As a result, the leading altcoin’s price stood at $1,827.30 at press time. Despite this recent gain, the crypto is still at risk of its price dropping in the next few days.

Looking at the 4-hour chart, ETH’s price was attempting to break above the key resistance level at $1,833. Bears, however, were exerting sell pressure in an attempt to defend the price point, which was evident by the wick present above the latest 4-hour candle.

Although ETH was trading bullishly above the 9 and 20 EMA lines on its 4-hour chart, it could still face the possibility of dropping below the two EMA lines in the next 24 hours. Should ETH’s price lose the support of the two EMAs, it will drop down to $1,788 in the following 24-48 hours.

A key indicator to watch is the 4-hour RSI line which was looking to cross bearishly below the RSI SMA line. If this cross happens, the bearish thesis will be validated. However, a break above the aforementioned $1,833 resistance in the next 24 hours will result in ETH climbing to $1,851 in the next 2 days.

Meanwhile, the daily chart for ETH was contradicting the bearishness indicated on the 4-hour chart. At press time, the daily RSI line was looking to cross above the daily RSI SMA line, which would be a notable bullish flag. If this flag is validated in the next 24 hours, the crypto could see its price climb to $1,868 in the following 24-48 hours.

Given that the 4-hour chart is a more recent representation of ETH’s price movements, investors and traders may want to wait for ETH’s price to break above the $1,833 resistance before looking to enter into a long for ETH. For an extra confirmation, traders may also want to wait for ETH to close a daily candle above the 9-day EMA line.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Glassnode Alerts tweeted this morning that USDT’s exchange outflow volume has reached a new one-month low.
• The firm also showed that USDT’s number of receiving addresses has reached a 5-month low.
• Both of these metrics reaching new lows could be a reflection of the uncertainty in the crypto market.

The on-chain analysis platform, Glassnode Alerts, took to Twitter earlier today to share some new data about Tether (USDT). According to the post, the exchange outflow volume (7d MA) for USDT has reached a one-month low, standing at 22,257,226.754 USDT.

This recent decline marks a decrease from the previous one-month low of 22,651,224.549 USDT recorded on May 1, 2023. The exchange outflow volume for USDT establishing a new low means that fewer people are withdrawing or moving USDT from cryptocurrency exchanges.

Glassnode also tweeted this morning that the number of receiving addresses for USDT has recently reached a 5-month low of 2,724.173. This is a slight decrease from the previous 5-month low of 2,727.774, which was observed on 15 May 2023.

This decline in receiving addresses could suggest a potential decrease in the number of users or entities actively receiving USDT. It could also indicate reduced demand for USDT or a shift in user preferences towards other cryptocurrencies or stablecoins.

The fact that both of these metrics have reached new monthly lows indicates a lack of confidence or uncertainty in the cryptocurrency market. Traders may be hesitant to make significant moves with their USDT due to market volatility or other factors affecting the broader crypto ecosystem.

When looking at CoinMarketCap, it seems the past 24 hours have not been kind to most cryptocurrencies in the market. The majority of the top 10 cryptos by market capitalization suffered price losses throughout the past day.

This included both market leaders, Bitcoin (BTC) and Ethereum (ETH), who experienced respective price losses of 0.85% and 0.62% during this period. Meanwhile, other altcoins like XRP, Cardano (ADA), Polygon (MATIC), and Solana (SOL) all saw price declines of more than 1%.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• A report released by CryptoQuant this morning reveals that although BTC has the potential to move up, there are three factors that could prevent this.
• A decline in holdings by US institutional investors and a drop in the total supply of stablecoins are just two of the issues highlighted in the report.
• The absence of new BTC smart money players was also an issue pointed out in the report.

The on-chain analytics platform, CryptoQuant, shared a post on Twitter earlier today regarding Bitcoin (BTC) and what could be in store for the market leader for the rest of the year. The post stated that BTC still has the potential to rise further, but there are many factors that could hinder any upward moves for BTC.

One significant factor affecting BTC’s growth is the decline in holdings by US institutional investors. Historically, during major bull markets, an increase in BTC holdings by US institutional investors has correlated with significant price surges.

However, in recent months, these holdings have been steadily decreasing. According to CryptoQuant, this is likely attributed to institutional investors shifting to global exchanges and decentralized exchanges (DEXs) in response to ongoing crypto market regulations imposed by the Securities and Exchange Commission (SEC).

Another factor constraining BTC’s upward momentum is the decrease in the total supply of stablecoins. The total supply of stablecoins can serve as an indicator of buying capacity within the crypto market. After reaching a peak of $99 billion in February 2022, the total supply has diminished to $71.1 billion, implying a decline in overall buying power.

Lastly, CryptoQuant pointed out that the absence of new smart money players also poses a limitation to BTC’s potential move up. The BTC Token Transfer indicator revealed a lack of significant changes, which could suggest that the recent price movement is predominantly driven by supply and demand dynamics rather than the entrance of fresh smart money.

Although BTC demonstrates the potential for further price increases, CryptoQuant predicted that macroeconomic factors such as an anticipated recession in the latter half of this year could instigate asset price crashes. As a result, it is unlikely that BTC will see a continuous ascent as it did back in 2015.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Crypto analyst Ali recently took to Twitter to share some of his thoughts and predictions about MATIC.
• The analyst believes the TD Sequential on MATIC’s chart presented a buy signal.
• At press time, MATIC’s price was down 1.36% and hovered around $0.857.

Yesterday, popular crypto analyst Ali Charts took to Twitter to share intriguing insights on the potential trajectory of Polygon’s (MATIC) price in the near future. According to Ali’s post, the TD Sequential on MATIC’s 3-day chart had presented a buy signal, signaling a favorable outlook.

Furthermore, Ali conveyed a sense of optimism, indicating a potential surge in the price of this altcoin to remarkable heights. According to his analysis, MATIC could potentially reach as high as $0.94 or even soar to $1.05 in the days ahead.

Significantly, the TD Sequential tool holds immense importance as it can accurately determine the timing of trend exhaustion or reversal. However, recent data from CoinMarketCap, a prominent crypto market tracking website, revealed that MATIC, like many other cryptocurrencies, experienced a price decline in the past day of trading.

At press time, MATIC had dropped by 1.36% in the previous 24 hours, hovering around $0.857, which is in close proximity to its daily low of $0.851. Consequently, this price decrease caused MATIC to weaken against Bitcoin (BTC) and Ethereum (ETH), the market leaders, by approximately 0.35% and 0.59%, respectively.

Moreover, this downward movement in MATIC’s price contributed to a further decline in its weekly performance, which was down 4.35% over the past seven days. Additionally, MATIC’s 24-hour trading volume witnessed a decrease of more than 7% during the same period and was standing at approximately $297,366,842.

With a market capitalization of $7,925,842,230, MATIC was in the 10th position in terms of market capitalization. As a result, it stood just behind Solana (SOL) in 9th place and ahead of Litecoin (LTC) at the eleventh spot.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss

• Michael van de Poppe recently shared some of his thoughts, expectations, and possible strategies for various altcoins.
• The altcoins mentioned in van de Poppe’s tweets were PEPE, GRT, AVAX, and QNT.
• ons, and possible strategies for various altcoins.The altcoins mentioned in van de Poppe’s tweets were PEPE, GRT, AVAX, and QNT.PEPE’s bear market relief rally, GRT’s support level reclaim, AVAX’s struggle below $16.50, and QNT’s need to flip $112 are some issues highlighted by the trader.

The well-known crypto analyst and trader, Michael van de Poppe, posted a Twitter thread on Sunday wherein he shared his thoughts and expectations for certain altcoins in the crypto market. In addition to his thoughts regarding the cryptos, he also included some strategies he was considering when it comes to trading the discussed cryptos.

Pepe (PEPE)

The first crypto mentioned by van de Poppe was Pepe (PEPE), which has been a rather popular project over the past few weeks. The analyst stated in the tweet that he believes PEPE is in a bear market relief rally. In addition to this, the meme coin will have to stay above $0.00000173 in order to see a continuation upwards, according to van de Poppe.

At press time, PEPE was worth about $0.000001706 after a price drop of more than 9% over the past 24 hours. This succeeded in pushing PEPE’s weekly performance even deeper into the red. As a result, PEPE was down 24.27% over the past seven days.

PEPE’s price dropped below the 9 and 20 EMA lines on its 4-hour chart during today’s trading session. As a result, a notable bearish technical flag was on the verge of triggering, with the 9 EMA line looking to cross below the longer EMA line. In addition to this potential bearish flag, the RSI line on the 4-hour chart was trading bearishly below the RSI SMA line.

These bearish technical flags suggested that PEPE’s price would continue to fall in the following 24 hours. This will likely result in the meme coin’s price making a move towards $0.0000016211 – the next key support level.

PEPE could still make a comeback, however. Should the crypto succeed in closing today’s trading session back above the 9 and 20 EMA lines on the 4-hour chart, then it will likely make a move toward $0.0000020275 in the coming 48 hours.

The Graph (GRT)

The Graph (GRT) was the second altcoin on van de Poppe’s radar. The analyst pointed out the fact that GRT had lost a crucial support level at $0.13, and stated that it will have to reclaim this level for him to take a serious look at investing in the coin.

CoinMarketCap indicated that GRT was one of the many cryptocurrencies that experienced a price increase over the past day, as the altcoin was trading hands at $0.1239 after a price increase of more than 6%. In addition to this, GRT was also able to set a daily high of $0.1245 during this time period.

In contrast to PEPE, GRT’s price was able to surge past the 9 and 20 EMA lines on its 4-hour chart, where it continued to trade at press time. Technical indicators on the chart show that there is still bullish momentum left. However, the peak that has been established by the RSI line suggests that there may not be enough momentum to break above $1.3.

Avalanche (AVAX)

Van de Poppe also shared his thoughts for Avalanche (AVAX), and stated that it will be very important for the altcoin to reclaim $16.50. On the other hand, if the downtrend continues for AVAX, the analyst will consider entering into a long.

Despite a 2% price increase over the past 24 hours, AVAX was still trading below $16.50, standing at $15.32 at press time. Unfortunately, this upward movement failed to flip the altcoin’s weekly performance, which remained in the red. With a decline of 3.36% over the past seven days, AVAX continues to face challenges in the market.

AVAX’s price is also trading above the 9 and 20 EMA lines on its 4-hour chart. In addition, the shorter EMA was looking to cross bullishly above the 20 EMA line, which would signal that AVAX’s price has entered into a short-term bullish cycle.

Should this fresh bullish flag be validated, AVAX’s price could climb to the next resistance level at $15.58 in the following 24-48 hours. The RSI indicator on the 4-hour chart did, however, contradict the bullishness expressed by the 9 and 20 EMA lines. At press time, the RSI line had established a peak, which was a sign that AVAX’s bullish momentum had faded.

Quant (QNT)

Lastly, van de Poppe shared his thoughts about Quant (QNT) and revealed that the altcoin will have to flip $112 into a support before he will even consider entering into a position on it. Should this happen, the analyst believes that the price of the altcoin could climb to $175.

Despite van de Poppe’s anticipation of QNT trading above $112, the altcoin fell short of this target at press time. However, it was trading near its daily high of $109.89, hovering around $109.67. Interestingly, QNT managed to outperform both Bitcoin (BTC) and Ethereum (ETH) by 0.70% and 1.38% respectively.

QNT’s price seemed to have consolidated above the 9 and 20 EMA lines on its 4-hour chart. However, a break below the minor support level at $108.40 would result in the altcoin’s price dropping back down to below the 9 EMA line.

To support this bearish thesis, the RSI line on the 4-hour chart was sloped negatively towards oversold territory and was close to crossing bearishly below the RSI SMA line at press time. Should QNT’s price close today’s trading session above the aforementioned $108.40 support, then the crypto’s price will look to rise to $111.7 in the coming few days.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Lookonchain recently shared a tweet about the buying habits of a particular PEPE whale.
• According to the post, the whale had bought 2.24 trillion PEPE, and ended up increasing his money by 48x.
• At press time, PEPE was at the top of CoinMarketCap’s trending list after a price increase of more than 15%.

The on-chain analysis platform, Lookonchain, shared a tweet yesterday regarding the recent buying habits of a particular Pepe (PEPE) whale over the past few days. According to the post, the whale previously made 1,219 ETH, which was estimated to be worth more than $2 million, on PEPE.

Shortly thereafter, this same whale decided to make another move, and purchased 1.33 trillion PEPE at a buying price of 0.000001586. In addition to this, the whale also bought 2.24 trillion PEPE using 26 ETH, worth $48k, at a trading price of 0.00000002166. The whale then sold its PEPE for 1,245 ETH worth about $2.24 million – achieving a 48x profit in the process.

According to CoinMarketCap, PEPE earned itself the top spot on the platform’s trending list after the meme coin experienced a price increase of more than 15% over the past 24 hours. As a result, PEPE was trading hands at $0.0000019 at press time. Meanwhile, PEPE was also trading close to its daily high of $0.000002055.

Furthermore, PEPE’s price increase throughout the past day allowed it to strengthen against the two market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 17.14% and 17.18% respectively. Despite this, PEPE’s weekly performance was still in the red at -25.65%.

PEPE’s 24-hour trading volume experienced a 14.52% increase as well, and stood at $1,005,242,161. The crypto’s recent price movement took its market cap to $754,591,424. This ranked it as the 57th biggest project in terms of market capitalization.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• SOL was one of the biggest gainers of the top 10 cryptos after a more than 5% increase over the past 24 hours.
• The altcoin’s price was able to break above the 9 and 20 EMA lines on its 4-hour chart.
• At press time, SOL was trading hands at $21.24 after a price increase of more than 5%.

Most cryptocurrencies printed gains over the past 24 hours of trading, and as a result, the global market cap saw an increase of 1.91% over this period of time. The last 24 hours were also kind to the top 10 cryptos by market cap, and one of the biggest gainers was the Ethereum-killer Solana (SOL).

Data from CoinMarketCap indicated that SOL was trading hands at $21.24 after a 24-hour price increase of more than 5%. This price boost was, however, not enough to pull SOL’s weekly performance back into the green as SOL was down 6.26% over the past seven days.

SOL’s success throughout the past day did allow it to strengthen against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 3.87% and 3.22% respectively. On the other hand, the altcoin’s 24-hour trading volume experienced a 6.94% drop, and stood at $366,983,467.

SOL’s price was able to break above the 9 and 20 EMA lines on its 4-hour chart in the past 24 hours. As a result, the altcoin’s price recently reclaimed a position above the $21 support level, where it continued to trade at press time.

Notably, the 9 EMA line on the 4-hour chart crossed bullishly above the longer 20 EMA line this morning. This signalled that SOL’s price had entered into a short-term bullish cycle and may continue to rise in the following 24 hours. 

Traders and investors may want to take note of the 4-hour RSI line, however, as the indicator had established a peak. This could be a sign that SOL’s positive price move in the last 24 hours has come to an end, and the trend will change direction soon. 

This bearish thesis will be invalidated if the current 4-hour candle closes above the aforementioned $21 mark. On the other hand, a close below $21 will result in SOL’s price dropping to the next key support level at $20.45.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Santiment tweeted yesterday that traders panicked and sold BTC recently.
• According to the firm, prices have historically risen when FUD words like “sell” and “bearish” have emerged.
• The PPI data coming out later today may postpone the crypto market recovery to next week.

The blockchain intelligence firm Santiment tweeted yesterday that many traders and investors had panicked and sold Bitcoin (BTC) over the past 24 hours. According to the post, this dumping was a result of BTC’s price dropping down to $27.1K recently. This happened after the CPI data was released yesterday and came out lower than expected.

Fortunately, Santiment added to their tweet that prices have started showing recovery signs since then. The firm also referred to historical data which showed that prices in the crypto market have risen when Fear Uncertainty and Doubt (FUD) words such as “sell” and “bearish” emerged.

At press time, the total crypto market cap was down 0.24% and stood at around $1.14 trillion according to CoinMarketCap. In addition to this, the market leader, BTC, was also down 0.52%. As a result, the crypto’s price stood at $27,489.79. This negative price performance added to its negative weekly performance – pushing the total weekly loss to -5.75%.

BTC has dropped out of the consolidation channel between $27,727.19 and $29,972.72 in the last week. At press time, BTC was attempting to recover back above $27,727.19, which is evident by the wick present underneath the current daily candle.

Technical indicators on the leading crypto’s daily chart suggested that BTC’s price would continue to fall in the following 24-48 hours, however. Should this bearish thesis play out, the crypto’s price will make a move toward $27,100 in the upcoming days. Conversely, BTC closing above the $27,727.19 mark within the next 48 hours could result in it climbing back to $28,050.

An early confirmation of a bullish reversal of the current trend will be when the daily RSI line levels out and then begins to slope positively toward the oversold territory. However, the PPI data being released later today may postpone any potential recovery until next week.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Santiment published a tweet earlier today about BTC’s and ETH’s performances against a few other altcoins.
• The post stated that BTC and ETH have been able to stay afloat while many altcoins have continued to print losses.
• In related news, LTC, SRM, RAD, HIGH, and VIDT all experienced price drops over the past 24 hours of trading.

The market intelligence platform, Santiment, shared a post on Twitter today about what has been happening to Bitcoin (BTC), Ethereum (ETH) and a few other altcoins in the market over the past few weeks. According to the post, both BTC and ETH have been able to “stay afloat in their ranges,” while certain altcoins continued to flush.

Santiment’s MVRV model (Source: Twitter)

Santiment also predicted that there could be some buy opportunities for altcoins such as Litecoin (LTC), Serum (SRM), Radicle (RAD), VIDT DAO (VIDT), and Highstreet (HIGH). Traders invested in these cryptos have been suffering in recent weeks, but Santiment forecasted that some buy opportunities may soon emerge as these altcoins are close to bottoming out.

With regards to the two market leaders BTC and ETH, CoinMarketCap indicates that they experienced losses of 1.26% and 0.32% respectively over the past 24 hours. As a result, BTC was trading at $27,643.93 while ETH was worth about $1,847.47.

The last 24 hours were not kind to LTC, as the altcoin was worth $78.78 at press time after a price drop of more than 3%. This succeeded in pushing LTC’s weekly performance even more into the red at -10.05%.

Things did not go much better for SRM and RAD as both of the altcoins experienced 24-hour losses of more than 10%. At press time, SRM was worth $0.08496 while RAD was trading hands at $2.62.

Both VIDT and HIGH also suffered losses of more than 4% throughout the past day. VIDT was outperformed by BTC and ETH by about 3.80% and 4.79% respectively, while HIGH had weakened against BTC by 3.60% as well as ETH by 4.57%.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• The total market cap experienced a 0.79% increase over the past day due to smaller-capped altcoins.
• Bullish momentum seen in the altcoin market may continue for the next few weeks.
• Altcoins like SOL, SUSHI, DOT, ZIL, ARB, and PEPE are some cryptos with the potential to rally soon.

The total crypto market cap was up 0.79% at press time – taking the total to approximately $1.20 trillion, according to CoinMarketCap. This follows after the majority of the crypto market printed 24-hour gains. Interestingly, the biggest contribution came from smaller-capped altcoins while the biggest cryptos printed minimal gains.

This bullish momentum seen in the altcoin market may continue for the next few weeks. Six altcoins in particular, Solana (SOL), SushiSwap (SUSHI), Polkadot (DOT), Zilliqa (ZIL), Arbitrum (ARB), and Pepe (PEPE), may be the best performers in the altcoin market in the next few weeks.

Solana (SOL)

At press time, SOL was one of the top 10 cryptocurrencies trading in the green. The altcoin was worth about $22.68 after a price increase of more than 4% over the past day. This was, unfortunately, not enough to drag its weekly performance out of the red as SOL was down by 2.21% over the last seven days.

SOL’s price has been printing higher lows over the past two months, which is a bullish sign that the Ethereum-killer’s price will dramatically break out of its current consolidation phase. This bullish thesis is supported by the weekly RSI. At press time, the weekly RSI was flagging bullish with the weekly RSI line trading above the weekly RSI SMA line.

In addition to this, the 9-week EMA line was looking to cross above the 20-week EMA line. Should this bullish cross take place, SOL’s price will target the next key resistance level at around $36 in the coming weeks.

SushiSwap (SUSHI)

SUSHI was another crypto trading in the green after a small price increase of about 0.90%. Despite this 24-hour increase, the crypto did experience a 0.31% loss over just the last hour leading up to press time.

SUSHI’s miniscule gains were also not enough for it to strengthen against the two market leaders. At press time, SUSHI was down against Bitcoin (BTC) and Ethereum (ETH) by 0.19% and 2.73% respectively.

SUSHI’s price has been trading within the consolidation range between $0.986 and $1.760 for the past 2 months. Currently, the altcoin’s price is being squeezed by the 9-week EMA line and the lower limit of the consolidation range.

Since the majority of the crypto market believes that the bottoms are in for this bear market, this squeeze may result in a significant surge in SUSHI’s price in the next few weeks. Should this bullish thesis be validated, SUSHI’s price will make a move towards the upper limit of the previously-mentioned consolidation range at $1.760.

Polkadot (DOT)

The last 24 hours were also quite lackluster for DOT, as the crypto recorded a small price increase of just under 1% throughout the past day. This did not do much to rectify the altcoin’s weekly performance as DOT was down 2.88% over the last seven days. DOT’s market cap of $6,839,019,041 ranked it the 11th biggest crypto.

DOT has also been trading in a consolidation channel between $4.273 and $7.746 for the past couple of months. Technically, the crypto’s weekly chart is looking bearish given the fact that the 9-week EMA is breaking bearishly away from the 20-week EMA. In addition to this, the weekly RSI line is breaking bearishly away from the weekly RSI SMA line.

Traders and investors will want to wait for DOT’s price to either close above the 20-week EMA line or trade near the lower bound of the current consolidation channel. Both instances will present a long-term buy opportunity for DOT.

Zilliqa (ZIL)

At press time, ZIL was trading hands at $0.02712 after a 0.20% price drop over the past 24 hours. Consequently, ZIL was trading between its 24-hour low of $0.02671 and its 24-hour high of $0.02748.

This pushed ZIL’s weekly performance even further into the red as the altcoin was down by more than 6% over the last seven days. ZIL’s price drop also means that it weakened against BTC and ETH by about 1.35% and 3.63% respsectively.

ZIL’s price has dropped below the 9-week and 20-week EMA lines in the last 3 weeks. As a result, a notable bearish flag is on the verge of triggering, with the 9-week EMA line about to cross below the 20-week EMA line. Should this cross happen, ZIL’s price could drop to as low as $0.02281 in the next few weeks before rebounding and entering into a rally.

Arbitrum (ARB)

ARB was another crypto trading in the red after a 0.71% price drop over the past day. This led to ARB’s weekly performance falling even more into the red at 5.04%.In addition to its daily loss, the altcoin also experienced a 0.02% price drop in the hour prior to press time.

ARB’s price has retraced from its all-time high (ATH) at $1.820. This pullback in the altcoin’s price has resulted in a drop below the $1.4293 support – flipping the level into resistance as well. Given the infancy of this project, ARB’s price may drop back down to around $1.1197 before a rebound to enter into a rally as early investors will want to take profit.

However, if ARB’s price is able to break above the $1.820 resistance, it will lead to the crypto establishing a new ATH in the upcoming weeks. This is, of course, if it is able to break past its previous ATH first.

Pepe (PEPE)

CoinMarketCap indicated that PEPE occupied the top position on its trending list after the meme coin saw a price increase of more than 40% over the past day. PEPE was turning heads throughout the whole week as the crypto was up by more than 700% over the last seven days alone.

Even more impressive was the fact that PEPE is up by 4846.29% over the last month. PEPE’s 24-hour trading volume also saw an increase of over 200%, and stood at $2,918,450,144.

PEPE is a very early-stage project and may be a risky investment given that there has already been a wave of profit-taking this week. However, retail investors may buy into the meme coin following this week’s stellar performance due to the Fear of Missing Out (FOMO). Should this happen, PEPE’s price will print a new ATH in the coming 2 weeks.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.