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Pepe Coin Shows Bullish Indicators After an 80% Decline
Pepe coin, after an 80% drop in value with scandals, is showing signs of resurgence. Technical indicators suggest a possible bullish momentum, with the Moving Average Convergence Divergence and Relative Strength Index indicating a potential bounce in price trends. However, Pepe's price trajectory remains a descending channel, indicating sustained bearish momentum. To shift this narrative, the coin must break above the descending channel and maintain its position above the upper boundary, providing a stronger confirmation of a trend reversal.
Bears Dominate Market as Bitcoin Trading Below Key Daily Moving Averages
Market analysts believe bears are still in charge as Bitcoin is still trading below key daily moving averages like 50 MA, 200 EMA, and 200 MA.
PrimeXBT Analysis: Bitcoin Hash Rate Sets New ATH, Fundamentals Scream Buy The Dip
In stocks, company profit margins and operating expenses are top priorities in fundamental analysis. Fundamental analysis in forex currencies could involve looking at each nation's GDP or country's political health. Commodity fundamental analysis looks at supply, demand, and environmental factors.