The weekend brought relief to the crypto market after participants endured a week mostly full of downsides. Although the respite might not be very significant, it offered balance— something that was rarely seen recently.
As such, it was not surprising that a large part of the $86.72 million 24-hour liquidations were short positions.
Memecoins were not left out as prices in the market recovered. According to CoinMarketCap, the likes of Pepe (PEPE), dogwifhat (WIF), and Floki (FLOKI) saw their values increase. It was a similar situation with Dogecoin (DOGE) and Shiba Inu (SHIB). However, Ripple (XRP) registered a mild jump before it cooled off.
Despite PEPE’s price increase, the 12 and 26 EMAs remained in the negative region. The state of the indicators, alongside the MACD implied that PEPE’s bullish outlook could be a false call, and the upward momentum might soon stall.
Furthermor…
The post PEPE, WIF, FLOKI, XRP, DOGE, SHIB Prices Jump: What’s Next? appeared first on Coin Edition.
The weekend brought relief to the crypto market after participants endured a week mostly full of downsides. Although the respite might not be very significant, it offered balance— something that was rarely seen recently.
As such, it was not surprising that a large part of the $86.72 million 24-hour liquidations were short positions.
Memecoins were not left out as prices in the market recovered. According to CoinMarketCap, the likes of Pepe (PEPE), dogwifhat (WIF), and Floki (FLOKI) saw their values increase. It was a similar situation with Dogecoin (DOGE) and Shiba Inu (SHIB). However, Ripple (XRP) registered a mild jump before it cooled off.
Despite PEPE’s price increase, the 12 and 26 EMAs remained in the negative region. The state of the indicators, alongside the MACD implied that PEPE’s bullish outlook could be a false call, and the upward momentum might soon stall.
Furthermor…
The post PEPE, WIF, FLOKI, XRP, DOGE, SHIB Prices Jump: What’s Next? appeared first on Coin Edition.