- PEPE token hits a 30-day low, prompting active trading and potential buying opportunities.
- DOGE struggles near support at $0.0619, with potential for a bearish trend, eyes on the $0.0600 level.
- FLOKI and BONE’s recovery is on the horizon as positive developments set the stage for a bullish rally.
Pepe (PEPE) has fallen to a 30-day low of $0.0000008046 due to unfavorable market sentiment in the previous 24 hours. PEPE exchanged hands at $0.0000008698 at press time, a 20.74% drop from its 24-hour high of $0.000001104.
During the bear reign, PEPE’s market capitalization and 24-hour trading volume fell by 20.70% to $340.77 million and 225.81% to $255.23 million, respectively.
PEPE/USD 24-hour price chart (source: CoinMarketCap)
This spike in trading volume indicates greater interest and activity in PEPE, which might signal a change in market mood. Investors may perceive the recent price decrease as a chance to purchase at a lower price and push the price back up.
PEPE team’s address transferred about 16 trillion PEPE token (about $15.08m) to 4 CEXs . Affected by this, the price of PEPE fell by 15%; In addition, the PEPE multi-signature wallet changed from 5/8 to only 2/8. 6.9% PEPE (29 trillion) of the team wallet, a total of 18.3…— Wu Blockchain (@WuBlockchain) August 25, 2023
An attempted breakout failed due to a lack of purchasing volume. In addition, 16 trillion PEPE tokens were transferred to several CEXs. In response to this shift and modifications to the multi-signature wallet structure, PEPE lost 15% of its value.
DOGE/USD
In the previous 24 hours, Dogecoin (DOGE) bears dropped prices from an intra-day high of $0.06391 to an intraday low of $0.0619. Bearish momentum lingered, prompting DOGE to trade at $0.06219 at press time, down 2.60% from its intraday high.
While under bear drip, DOGE’s market capitalization and 24-hour trading volume nosedived by 2.27% and 20.89%, respectively, to $8.75 billion and $225.89 million. The drop in market capitalization and trading volume reflects the general market pullback and profit-taking by investors.
DOGE/USD 24-hour price chart (source: CoinMarketCap)
A break below the $0.0619 support level may send DOGE into a bearish trend, with the next support level at $0.0600 in sight. However, if DOGE can recover from its present low, it might gather momentum and aim for a resistance level of $0.0650.
SHIB/USD
Meanwhile, Shiba Inu, which had been gaining much attention, faltered. Shibarium’s much-anticipated mainnet blockchain, fell short of expectations. Repairs were halted abruptly due to launch difficulties, leaving many investors in the dark. Consequently, 74% of SHIB-holder addresses are now in the red.
SHIB/USD 24-hour holder chart (source: Crypteye)
SHIB/USD 24-hour holder chart (source: Crypteye)
Particularly, 951,320 addresses are holding tokens at a loss, totaling 859.44 trillion Shiba Inu tokens. Despite this, there is a ray of optimism since Shibarium’s crew has informed customers that brighter days are coming, promising an improved user experience following the platform’s public debut.
Floki to Make BTCTurk Kripto Debut
Floki Inu will grow by leaps and bounds as it prepares to be listed on BTCTurkKripto, a Turkish cryptocurrency exchange with over 5 million registered customers. This Floki Inu announcement will improve the token’s exposure and acceptance.
$FLOKI adoption keeps on growing, day by dayChart wise also looking gucci, following $SHIB which has done a 2X since June as wellRetail will love it again and again