Cryptocurrency

Pepe

Arweave

NEXT GEN PEPE

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-analysis-and-predictions-2/" data-wpel-link="internal">Cryptocurrency Market Analysis and Predictions</a><br></p>
<p class="p1" style="text-align: justify">In recent weeks, the <a href="https://en.coin-turk.com/spotlight-on-bitcoin-turkish-investors-continued-interest-amidst-global-etf-buzz/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> has seen declines in gains, primarily due to processes handled by the SEC. The postponement of Ethereum ETF applications has led to selling pressure on Ethereum and several other altcoin projects. We are examining what might be expected for Pepe and Arweave with detailed chart analysis and key levels.</p> 
<h2 class="p1" style="text-align: justify" id="pepe-chart-analysis">Pepe Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Pepe has been recovering steadily over the last few days, indicating that purchases at lower levels continue. The <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> movement has formed an inverse head-and-shoulders pattern, which will be completed with a breakout above $0.0000092. If buyers keep the price above the neckline, the PEPE/USDT pair may continue its upward trend. The formation target of the bullish setup is $0.0000145.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-350729 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/pepe.webp" alt="" width="1341" height="805"></p> 
<p class="p1" style="text-align: justify">Moving averages are likely to act as strong support during pullbacks. A recovery above the moving averages will indicate that sentiment remains positive and <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> are buying the dips. If the $0.0000060 support breaks, the trend could turn negative in the near term.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-350726 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/pepe-4s.webp" alt="" width="1341" height="805"></p> 
<p class="p1" style="text-align: justify">The 4-hour chart shows that the pair is receiving support at the moving averages, indicating that bulls are fiercely defending the level. Buyers need to overcome the general barrier of $0.0000092. A fall in price and a break below the moving averages would indicate that bears are returning to the game. The price could then slide to the critical support at $0.0000076, which is likely to witness strong buying from the bulls.</p> 
<h2 class="p1" style="text-align: justify" id="arweave-chart-analysis">Arweave Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Arweave (AR) has been gradually rising over the last few days, indicating strong demand from the bulls. The rising 20-day EMA at $36 and RSI above 61 indicate that bulls have the advantage. The AR/USDT pair could reach a critical resistance level at $47.51. If bulls push the price above this resistance, the pair could accelerate towards $52 and then $68.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-350725 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/ar.webp" alt="" width="1341" height="805"></p> 
<p class="p1" style="text-align: justify">If the pair retreats and breaks below the moving averages, this positive outlook could become invalid in the near term, potentially pulling the pair down to $26.50.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-350724 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/ar-4s.webp" alt="" width="1341" height="805"></p> 
<p class="p1" style="text-align: justify">The 4-hour chart shows that during pullbacks, the pair is supported by the SMA 50. Buyers will try to push the price to $45 and then to $47.51. Strong defense by sellers in this area is expected because failure in their efforts could increase upward momentum.</p> 
<p class="p1" style="text-align: justify">The SMA 50 is a critical support to watch in a negative direction. If this level breaks, the pair could fall to $36 and then to $34. The price may recover from this region but is likely to encounter selling at the EMA 20.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrency-market-analysis-and-predictions-2/" data-wpel-link="internal">Cryptocurrency Market Analysis and Predictions</a></h5>

Cryptocurrency Market Analysis and Predictions

Table of Contents

COINTURK NEWS

Other articles published on May 13, 2024

Africa startup funding drops 47%

Memecoin Market Continues to Attract Investors

XRP Lawyer Reacts To South Korea’s Infinite Block Joining As XRPL Validator

Bitcoin Whale Awakens: Transfers 1,000 BTC After 11-Year Sleep

Crypto Market Under Pressure, Investors Eyes Turn to April CPI Report

Russia Ramps Up Regulation on Cryptocurrency Mining: A New Policy to Combat Shadow Operations

Join our free newsletter for daily crypto updates!