PEPE, XRP, And SOL Crypto’s Are Bullish & Can Rally More
Release: 2024/02/23 02:09 Reading: 768
- 1 The technical indicators for all three cryptos suggest there is more room for price growth.
- 2 PEPE, XRP, and SOL are showing positive sentiments across time frames.
The PEPE, XRP, and SOL are giving bullish signals on the daily timeframe according to the technicals. This trio shows that the price is surging exponentially and highlights that the breakout can continue.
Technical Overview of PEPE, XRP, And SOL In 1-D Timeframe
Pepe (PEPE) Shows Strong Performance
PEPE surged from $0.000000625 to $0.000001750 in the last two months of 2023 and has shown 188% growth on the daily chart. It faced rejection from the supply level and ended up making lower lows and highs in the process and dipped to form a support at $0.000000870.
The CMP was $0.000001185 with an intraday incline of 2.95%. The next resistance level for PEPE is at $0.000001300, while the support level is at $0.000000870.
The technical indicators for PEPE exhibit a bullish overview, as MACD is displaying a bullish crossover and RSI is above 14 SMA at 56, showing it has more space to increase on a daily time frame. Moreover, the EMAs are supporting the PEPE price as it is above all major 20, and 50-Day EMAs.
Ripple (XRP) Rides The Bullish Wave
Ripple is in a declining wedge pattern and it recently breached the wedge. The recent price structure is showing sustenance signs above the wedge and is preparing to shoot a rally soon in the upcoming sessions.
The current price is at $0.54584 and shows a last intraday decline of -0.60%. The next resistance level for XRP is at $0.59258, while the support level is at $0.51315.
Furthermore, XRP is above all major 20, and 50-Day EMAs, RSI is above the median line at 51.63 and shows more room for growth while the MACD shows a bullish cross with a broad histogram.
Solana (SOL) Exhibits Bullish Trend
Solana has risen greatly from the demand zone of $20 which is a 105% uptick over the last three months on the daily chart. The current structure highlights that it is trying hard to sustain near the supply level, these characteristics show that it could rise more.
The CMP is at $105 and shows no major change in the last 24 hours, in the last intraday session. The next resistance level for SOL is at $120, while the support level is at $92.
Moreover, its technical aspects highlight that the MACD is above the zero line and shows the price is still in the uptrend, the RSI is in positive territory above 50, and the price is showing sustenance gestures on the dynamic supports of EMAs on the daily chart.
Summary
The PEPE, XRP, and SOL crypto price charts are showing a bullish price action and the technical parameters for each of these are confirming further bullishness.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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