Pepe
Pepe (PEPE) has fallen below the moving average lines and is currently consolidating above the support level of $0.0000008500. As the altcoin approaches the oversold zone, selling pressure is expected to ease.
– Current price: $0.0000008592
– Market capitalization: $361.44M
– Trading volume: $66.57M
– 7-day gain/loss: 20.62%
THORChain
THORChain (RUNE) has found support above the moving average lines, but the price is still falling. If it stays above the moving average lines, a new uptrend is expected. If it falls below the 21-day line SMA, selling pressure will resume.
– Current price: $1.46
– Market capitalization: $730,593,804
– Trading volume: $38,665,844
– 7-day gain/loss: 17.65%
Hedera
Hedera (HBAR) has fallen below its moving average lines and is approaching the overbought zone. The altcoin is expected to fall further and could reach a low of $0.045 if selling pressure continues.
– Current price: $0.05421
– Market capitalization: $2,710,393,181
– Trading volume: $50,604,468
– 7-day gain/loss: 10.81%
KuCoin Token
KuCoin Token (KCS) is in a downtrend and has reached the oversold zone of the market. The current slide may slow down as bearish exhaustion is reached.
– Current price: $4.35
– Market capitalization: $740,572,114
– Trading volume: $976,205
– 7-day gain/loss: 10.00%
Rocket Pool
Rocket Pool (RPL) is dropping below the moving average lines and approaching the low of $18.50. The recent decline may continue as the market enters the oversold area.
– Current price: $22.95
– Market capitalization: $451,110,985
– Trading volume: $3,100,527
– 7-day gain/loss: 7.42%
Hot Take
These five cryptocurrencies have shown significant price falls this week. It’s important to keep an eye on their performance and market trends to make informed decisions in the crypto space. Remember to consider factors like support and resistance levels, moving averages, and oversold or overbought zones when analyzing cryptocurrency prices. Stay informed and adapt your strategy accordingly.
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