
PEPE coin Falls 45% After Binance listing: Is The FOMO fading?
PEPE is trending but the meme coin is down 45% from all-time highs and looks likely to drop even lower in the days ahead.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
PEPE is trending but the meme coin is down 45% from all-time highs and looks likely to drop even lower in the days ahead.
Bitcoin prices remain bullish but are inside a rising wedge with clear caps at $30k and $31k on the upper end. Support is at $27k.
Ethereum prices are in range between $1,800 and $1,950 in a typically bearish formation following losses from April 19.
Cardano prices are firm but the current ADA cool-off may translate to a bear run should the coin fails to hold above $0.37.
Bitcoin prices are firm when writing after periods of heightened volatility on the better part of April 27. BTC may rally to $31k.
Ethereum is higher when writing but remains pinned below $2,100 following sharp losses from April 19 to 21.
Polygon prices are oscillating around $1 but the selloff has been unexpectedly rapid. MATIC is down 35% from Q1 2023 peaks.
Bitcoin prices are under pressure despite record hash rate and difficulty. Dropping prices expected in days ahead may impact miners.
Ethereum prices are cooling off but this comes after an impressive surge above $2,000 which saw the coin rally 50% in 5 weeks from mid-March.
Cardano is one of the top performing assets, rallying over 50% in 5 weeks. In a bullish breakout, there could be more gains ahead for ADA.
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