The crypto realm is facing significant turbulence in this bull run. Major meme coins like PEPE and Shiba Inu (SHIB) are navigating through a difficult trajectory. PEPE has been struggling in the current market, while Shiba Inu (SHIB) is also suffering from a massive downtrend. Experts claim that IntelMarkets (INTL) is the best hedging option at present, as the INTL token is going to explode with a massive presale surge.
PEPE Price Prediction: PEPE’s Plunge Grabs Attention
PEPE price fell more than 7% on Wednesday to trade at $0.00001223 as investors reduced their exposure to the meme coin. This recent drop in PEPE price is part of a long-term downtrend that has seen the altcoin’s value plummet by over 22% in the past week. Though PEPE has gained 5% today, its downtrend is still a topic of discussion.
From a technical perspective, the indicators on the 4-hour chart of the cryptocurrency suggest that the price of PEPE could start to rise in the coming hours. Both the moving average convergence divergence (MACD) and the relative strength index (RSI) are starting to show early bullish signals.
The MACD line is currently below the MACD signal line and has been so for the past few days. This suggests that PEPE is in a bearish cycle. However, the gap between the two technical indicators is beginning to narrow, and the MACD line is approaching the MACD signal line. If the two lines cross, it could indicate that the price of Pepe has entered a bullish trend.
Meanwhile, RSI readings have begun to rise in recent hours. This occurred after the indicator fell into oversold territory below 30, suggesting that the cryptocurrency has more bullish potential than bearish. Traders seem to have reacted to this and have begun accumulating PEPE with the positive slope of the RSI line, pointing to increasing buying strength.
Shiba Inu (SHIB) Large Transactions Suffer 61% Crash
Recent data from the on-chain analytics platform IntoTheBlock opens up interesting dynamics among large addresses holding Shiba Inu (SHIB). These interesting dynamics are none other than whale activity, which has taken a major hit in the past 24 hours.
The trend among large Shiba Inu (SHIB) addresses is revealed through IntoTheBlock’s Large Transaction Metrics, which tracks data surrounding transactions with a value of $100,000 or greater. This metric serves as a valuable tool for assessing market sentiment, as it captures the movements of high-value investors, whose actions often influence the behavior of retail traders.
A rise in large transactions is generally associated with growing confidence and increasing accumulation, while a steep decline, as observed in the past day, may signal a shift toward caution. Therefore, the recent decrease in large transaction activity of Shiba Inu (SHIB) implies that investors are either taking profits or remaining cautious.
Remarkably, the number of transactions plummeted from 353 to 136 within the past 24-hour timeframe. This translates to a 61% decline, suggesting that many major holders may be stepping away from the market due to a lack of bullish conviction.
IntelMarkets Explodes With 8,900% Weekly Gains
IntelMarkets has rapidly disrupted the memecoin sector with a cutting-edge trading platform that infuses AI to redefine the cryptocurrency market. Unlike traditional platforms, which remain out of the league due to their outdated blockchain models, IntelMarkets features a proprietary AI-based blockchain to create a convenient and efficient trading environment.
Its next-generation AI technology allows the platform to process vast amounts of data across multiple markets at extraordinary speeds, far beyond human capabilities. IntelMarkets takes the lead with a more stable, data-driven approach.
With its AI-powered trading bots capable of executing complex strategies across different assets, IntelMarkets provides both experienced traders and newcomers with a major advantage in market analysis and trade execution, giving it an edge over other platforms that lack such innovation.
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Twitter: https://x.com/intel_markets
