Market
HOPPY Hits ATH, RETARDIO, BOME Rally
In the last week, meme coins have experienced a renewed wave of investor interest as the crypto market rebounded. Notably, several coins saw significant gains, and a few also reached new all-time highs.
BeInCrypto has identified the top three standout tokens that exceeded expectations, capturing the spotlight and drawing attention from investors.
Hoppy (HOPPY)
Hoppy’s price surged by 94% today, hitting a new all-time high of $0.0002896. This dramatic rise has caught the attention of investors as the meme coin continues to outperform expectations.
The week-long rally is part of an ongoing uptrend that began in mid-September. Hoppy has managed to break through several key resistance levels during this period, reinforcing its bullish outlook.
Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide
Hoppy’s continued price growth will largely depend on whether its holders decide to sell or hold. If profit-taking begins, Hoppy could face a drawdown, potentially sending its price down to $0.0001844.
RETARDIO
Retardio’s price has surged by 88% over the past seven days, bringing it close to breaching the $0.20 mark and forming a new all-time high. The recent rally has sparked optimism among investors, as the meme coin has gained significant momentum.
The previous all-time high (ATH) for Retardio was set in mid-August. This week marked the third attempt to break through that level. If the bullish trend continues, the chances of breaching the $0.20 resistance appear promising, which could pave the way for further gains.
However, if market sentiment shifts and Retardio’s price declines, it could find initial support at $0.14. Should this support level fail to hold, the meme coin might retrace further, potentially falling to $0.12 or lower, signaling a more extended correction in its price action.
Book of Meme Coin (BOME)
BOME has been one of the top performers this week despite experiencing a minor correction over the past three days. Currently, the meme coin is trading at $0.0099, having come close to breaching the key resistance level of $0.0111.
Historically, BOME has consolidated within a narrow range, between the $0.0111 resistance and the $0.0082 support levels. If this pattern holds, BOME could see more sideways trading in the coming days, offering a period of stability before its next move.
Read more: 7 Best Base Chain Meme Coins to Watch in October 2024
However, if BOME manages to breach the $0.0111 resistance, it would mark a significant achievement—a four-month high for the coin. Such a breakthrough could push the price toward $0.0127.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
PEPE price has been riding an uptrend recently, showing promising signs of bullish momentum. However, despite the optimistic outlook, the price has struggled to realize its full potential.
Negative signals from key network indicators are also clouding the situation. These factors have led to uncertainty about whether PEPE can maintain its upward trajectory or face a correction in the coming days.
PEPE Exhibits Mixed Signals
One of the most concerning indicators for PEPE is the spiking NVT (Network Value to Transactions) ratio, which has reached a four-week high. A high NVT ratio typically suggests that the network is overvalued relative to the number of transactions taking place.
This is often viewed as a bearish signal because it indicates that the price may not be supported by enough real-world activity on the network. With PEPE’s NVT ratio spiking, there’s a growing risk that its price could face downward pressure. This elevated NVT ratio could hinder PEPE’s ability to sustain its recent uptrend.
Read more: Pepe: A Comprehensive Guide to What It Is and How It Works
On the technical side, PEPE’s momentum looks stronger. The Relative Strength Index (RSI), a key indicator of market sentiment, shows that the coin’s bullish momentum is picking up.
After bouncing off the neutral 50 line, the RSI is now trending upward, which supports a potential price increase for PEPE. This suggests that despite some negative signals, the coin still has room to grow in the short term.
PEPE Price Prediction: Wait Ahead
PEPE has been in an uptrend over the last few weeks, but it is currently facing resistance at the $0.00001146 level. The meme coin has struggled to break through this barrier in the past, creating uncertainty about whether it can succeed this time. Overcoming this resistance is key to continuing its upward movement.
Despite the bullish momentum indicated by the RSI, the mixed signals from other indicators may keep PEPE subdued below the $0.00001146 mark. The coin has established an uptrend line as support, but if it loses this level, PEPE could fall to $0.00000839. This would represent a significant correction, reversing some of its recent gains.
Read more: Pepe (PEPE) Price Prediction 2024/2025/2030
However, should PEPE manage to breach the $0.00001146 resistance, it could rally towards $0.00001369, forming a new four-month high. This would invalidate the bearish-neutral outlook and reinforce the coin’s bullish trend, setting the stage for further growth in the weeks ahead.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Dogwifhat (WIF) has resumed its upward trajectory, with the price approaching the key $2.89 level as bulls take back control. After a period of consolidation, renewed buying pressure has fueled the meme coin’s rise, signaling that momentum is once again favoring the bulls. With increased buying pressure and positive market sentiment, WIF is showing signs of an impending uptrend.
As WIF edges closer to this significant resistance level, this article will assess its recent price action, highlighting the bulls’ regained strength. Through an analysis of key technical indicators and market dynamics, this piece seeks to evaluate whether the current bullish momentum is strong enough to push WIF past the $2.89 resistance, signaling the potential for further upward movement.
Market Sentiment Shifts: Bulls Take Charge As Buying Pressure Increases
WIF has consistently held its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling upside movement. Recently, the asset experienced a rebound from the $2.45 support level, further enhancing positive market sentiment.
If the price remains above the SMA, it could establish a solid foundation for another upward movement toward the $2.89 resistance level. This combination of support and bullish arrows suggests that WIF is well-positioned for more gains in the near term.
An analysis of the 4-hour Relative Strength Index (RSI) indicates renewed upside potential, with the RSI climbing to 49% after previously dipping to 41% suggesting that buying momentum is gaining strength as the market shifts from a bearish phase toward a more neutral stance.
Additionally, the daily chart shows that WIF is facing significant upward pressure, as evidenced by attempts to form bullish candlesticks. This positive trend is further supported by the asset’s position above the critical $2.20 support level and the 100-day SMA. As WIF continues on this path, it strengthens the optimistic sentiment in the market, paving the way for additional gains as it nears the $2.89 mark.
Lastly, the RSI on the daily chart is currently at 58%, having recently recovered from a dip to the 56% threshold. Should the RSI continue to climb, it could signal further strength in WIF’s price action. Furthermore, a sustained move above the 60% mark could enhance the likelihood of continued upbeat momentum and potential breakouts, reinforcing the positive outlook for the asset.
Key Resistance At $2.89: Can WIF Break Through?
WIF’s price could reach the $2.89 resistance level if it demonstrates sustained bullish pressure, bolstered by strong buying volume and positive market sentiment. A successful breakout above $2.89 may pave the way for further gains, possibly leading to new highs and increasing investor interest.
Conversely, if WIF fails to break through this level, it could lead to a pullback, causing the price to drop toward the $2.25 support level. Should it fall below this mark, the meme coin may continue its decline, potentially targeting the $1.50 level and beyond.
Today, October 18, several altcoins are seeing mild price increases, suggesting that many could finish the week on a positive note. Interestingly, while some tokens have managed to hold their ground, not all of today’s trending altcoins are performing similarly.
The top three for today are Solidus Ai Tech (AITECH), Turbo (TURBO), and Dog Food Token (OISHII). Here’s why these altcoins are trending and what could be next for their prices.
Solidus Ai Tech (AITECH)
AITECH is one of the top trending altcoins for the second consecutive day. Yesterday, BeInCrypto suggested that AITECH’s price might undergo a slight decline. As of this writing, the price has lost 3% of its value in the last 24 hours.
According to the daily chart, the altcoin has fallen below the 20-day Exponential Moving Average (EMA). Typically, when the cryptocurrency’s price rises above this indicator (in blue), it gives more credence to an upswing.
But a decline indicates otherwise. As such, AITECH’s value risks undergoing another decline. Furthermore, the token is around the same spot as the 50 EMA (yellow), suggesting an extended downturn to $0.082.
Read more: 10 Alternative Crypto Exchanges After Bybit Exits France
However, the altcoin’s price might rebound if bulls push it back above the 20 EMA. if that happens, AITECH could jump to $0.12.
Turbo (TURBO)
Turbo’s emergence as one of the trending altcoins marks its third consecutive appearance and is trending today due to increasing investor interest. Over the past 30 days, TURBO’s price has surged by 100%, making the AI-themed meme coin a token to watch closely.
However, its value has dropped by 5% within the last 24 hours. The daily chart shows that bulls are defending the $0.10 support so the crypto can escape another downturn. If sustained, TURBO’s price can bounce and move toward $0.015, which would represent a 47% price increase.
On the contrary, the altcoin might not be able to reach this point if bears push bulls out of the way. If that happens, TURBO might decline to $0.0079.
Dog Food Token (OISHII)
Out of the top altcoin trading today, Dog Food Token is the only one with a significant price increase over the last 24 hours. Within the mentioned period, OISHII, built on Ethereum, experienced an astonishing 565% price surge.
This remarkable increase is the key reason why it is trending. According to the daily OISHII/WETH pair, the Awesome Oscillator (AO), which measures historical price movements with recent ones, is positive. This positive reading suggests rising momentum with OISHII despite the massive increase.
Should momentum stay bullish and buying pressure increases, then OISHII’s price could break the resistance a $0.14. If that happens, the altcoin’s price could rally to $0.18.
Read more: Which Are the Best Altcoins To Invest in October 2024?
In the event that profit-taking climbs, this prediction might be invalidated, and OSHII could sink to $0.084 or as low as $0.054 in a highly bearish scenario.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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