Top Altcoins Show Strong Volume While Bitcoin Declines
Release: 2024/07/24 04:04 Reading: 724
Top Altcoins Exhibit Robust Volume Amidst Bitcoin's Decline
Notable altcoins experiencing significant trading volume today include PEPE, ARB, AVAX, and ENS Coin. Conversely, Bitcoin has been experiencing a decline.
ETH ETF Impact Unfolds
The anticipated scenario for the launch day of the ETH ETF is materializing. Daily volume is projected to reach approximately $1 billion, marking a promising start. However, market sentiment remains vulnerable to negativity stemming from concerns related to MTGOX and US sales. Nonetheless, this is seen as a positive sign in the long term.
PEPE Coin Outlook
PEPE Coin has emerged as one of the most popular altcoins, with a daily volume surpassing $907 million. Its trading activity far exceeds that of ARB, AVAX, and ENS. Despite strong price recovery from the dip, supported by $0.0000116, PEPE Coin remains capped by $0.0000129 resistance. This has resulted in a seven-day stalemate between these two key levels.
If support is compromised, PEPE Coin may retest a range of $0.00001016 to $0.00000817. Conversely, decisive closures above resistance would open the door for another attempt at an all-time high (ATH). However, the overall market sentiment remains unfavorable for altcoins, given Bitcoin's current value below $66,000.
ARB Coin Target
ARB Coin has recently established a new all-time low (ATL) and is weakening due to a lack of focus on token utility by its team. It has yet to close above $0.8, despite many altcoins recovering over 20% from the dip. A price drop below $0.72 could lead to a further decline to $0.57. However, a break above resistance would initiate a rally towards $1, mitigating the bearish scenario.
AVAX Price Objective
AVAX has repeatedly failed to climb above $32, resulting in investor disappointment. Its inability to advance to key resistance levels, coupled with Bitcoin's downturn, has resulted in a loss of defensive lines. $28 is the next target for AVAX, and a further drop could expose it to $24.5.
ENS Coin Price Prediction
ENS Coin has experienced a slight price uptick due to the ETH ETF, mirroring the performance of ETH. Recently, it has formed numerous long upper wicks, indicating profit-taking. With support from Vitalik and others, ENS Coin plays a significant role in the altcoin market. If $28.7 remains intact, new challenges towards $32 are possible.
However, closures below $25.6 could precipitate a retreat towards $19.
The original article was first published on COINTURK NEWS.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com