Crypto News – According to CoinMarketCap, the market capitalization of global cryptocurrencies increased by 0.05% over the previous 24 hours, $1.05 trillion as of the time of publication. LUNC and ACH both performed admirably during this time. The popular meme currencies SHIB and PEPE, on the other hand, seemed to have followed the market’s dominant trend throughout the preceding 24 hours.
How Are LUNC, ACH, PEPE, and SHIB Crypto Prices Today?
One thing that the four cryptocurrencies had in common was that they were all challenging key resistance levels on their charts today. Subsequently, LUNC and ACH may continue to rise if they are able to overcome their respective barriers in the next 24 hours, while SHIB and PEPE may finally escape their long-standing negative trends.
Terra Classic (LUNC)
A stellar 24-hour rise of 3.85% was registered by LUNC. The altcoin’s price rose significantly over the course of the previous trading day, reaching $0.00006134 at the time of publication. The volume was subsequently calculated to be $53,298,368.
A medium-term downward trend line had developed on LUNC’s charts from a technical perspective. This came after the price of the alternative coin continually printed lower highs over the previous three weeks. Therefore, before traders and investors begin to think about opening a long position for LUNC, the price of the cryptocurrency must break above this line.
The fact that the 9-day EMA line was attempting to cross above the 20-day EMA line should be noted by investors and traders. This implied that momentum during the last nine days has been more bullish than momentum during the prior 20 days for LUNC. Therefore, it’s possible that during the coming days, the price of LUNC will keep increasing.
Alchemy Pay (ACH)
The price of ACH also increased dramatically over the past day. The price of ACH increased to $0.0164 at the time of publication due to the cryptocurrency’s increase of 3.59%. In a manner similar to LUNC, ACH also saw a 300+% increase in daily trading volume.
Over the previous two weeks, a bullish price channel had developed on the daily chart of ACH. ACH crossed above the 9-day, 20-day, and 50-day EMA lines during this time frame and was still trading above these technical indicators at the time of writing.
On the daily chart for ACH, technical indicators indicated that the price may continue to increase over the next several days. In the beginning, the 20-day EMA line was positioned above the 9-day EMA line. This indicated that the short-term momentum was in favor of the purchasers. In addition, the 9-day EMA line was trying to cross the 50-day EMA line mentioned earlier. If these two lines cross, it could signal a change in ACH’s medium-term momentum for the better.
Pepe (PEPE)
According to CoinMarketCap, the well-known meme coin PEPE saw a 24-hour surge. The altcoin that has garnered a lot of attention during this bad market increased by 13.60%. The price of the meme coin rose to $0.0000006997 as a result.
Attempts were being made by PEPE to depart from its current medium-term trend. It was clear that this was the case because the meme coin was trading at the top of the several-week-long negative price channel that had developed on its charts.
On the other hand, PEPE may continue to decline in the coming week if it fails to close a daily candle above the 9-day EMA line in the ensuing 48 hours. As a result, PEPE can fall below the level of immediate support, which is set at $0.0000005905. The value of the coin may then be driven to its OKX listing price of $0.000000500 by persistent sell pressure.
Shiba Inu (SHIB)
Given that SHIB also lost money on the most recent trading day, the meme coin market appears to have started a brief downward trend. SHIB’s value dropped to $0.000007257 at the time of publication, a decline of 0.18%. Notably, SHIB was trading at a low for the day.
On its daily chart, SHIB was being restrained by the 9-day EMA line. Because of this, if this technical indicator, which was at $0.00000734, is not broken above during the next 24 to 48 hours, the cryptocurrency may drop to $0.00000700 over the next few days.
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