Hi, crypto buddies! The market has been changing rapidly lately; are you feeling a bit out of sync? Don't worry, today I’ll clarify some recent hot coins #PEPE , #AVAX , #Xrp🔥🔥 , and #SHIB 'big events' and latest movements to help you easily grasp the buying and selling rhythm and stay calm ~✨.
Big moves in Pepe wallets; smart money is quietly gathering 🤑.
First, let's talk about the super popular Pepe coin.
Sure enough, Cumberland moved nearly 386.5 billion PEPE from Bybit, OKX, and Coinsquare, worth about $3.45 million! Especially the funds transferred from OKX and Bybit are extremely strong, obviously a purposeful 'strategic' capital inflow.
Previously, this wallet also 'spat out' 88.5 billion PEPE, feeling like a large-scale 'capital rebalancing' or some off-market trading. While a small amount of capital flowed into addresses like FalconX, overall, liquidity is not fleeing but is being redistributed, so there’s no need to worry too much about a large sell-off in the short term.
From a technical perspective, PEPE has recently broken below a key support level of $0.00000761. If it holds above this level, it may still reverse, but if it breaks below, it could continue to test the bottom near $0.00000705. The MACD also shows significant downward pressure, but as long as buyers become slightly active, there is still hope for a market reversal.
AVAX had a small rebound; smart money started to hold, but retail investors are feeling a bit panicked 😬.
Looking at AVAX, although it has fallen 26% in the last month, it has risen 2.6% in the past 24 hours, thanks to smart money.
Those professional investors made early arrangements and earned quite a bit of money (profits up to 375%!). Most of them choose to continue to 'hold steadily.'
In contrast, retail investors are not so calm and have started to sell, selling off $820,000 worth of AVAX in the past day.
Market sentiment is cautious, and even the financing rates in the derivatives market have turned negative, indicating increased selling pressure.
However, on the chart, AVAX has just broken through the resistance line of the descending channel, which can be considered a bullish signal.
If it can break through the $19.8 mark, the price may surge to around $22. But right now, investors are still quite conflicted, and the subsequent trend will depend on which side shows more patience.
XRP futures saw a surge in volume, signaling clear institutional involvement 📈.
Speaking of institutions, XRP's futures trading volume at the Chicago Mercantile Exchange has surged recently, reaching nearly $30 million! This directly ignited market expectations for an XRP spot ETF.
Technical analysis also provides a bullish signal — XRP has broken through a key resistance level, with a mid-term target aimed at $4.90. This indicates that institutional players' interest is growing, and the market depth and liquidity are improving, providing more trading opportunities.
SHIB is steadily advancing, with a double bottom pattern ready to go 🐕🦺.
Finally, let's talk about SHIB. In this wave of the market, Shiba Inu coin has formed a descending channel on the daily chart 🔍, with the price retreating from the upper boundary of the channel and now trying to stabilize in the mid-line support area 💁♂️.
If it can break through $0.00001285 (50-hour moving average), the subsequent target is expected to hit $0.0000133, and may even advance all the way to the $0.00001500 mark 🎯. As long as this rebound continues, the trend of Shiba Inu coin is worth looking forward to!
To summarize 👇
Pepe whales are relocating their holdings; smart money is quietly positioning itself, with short-term volatility high but potential still present.
Smart money in AVAX is holding firm, while retail investors are starting to cash out; market sentiment is a bit divided.
XRP futures volume has surged, and institutional interest has increased, showing clear bullish signals.
SHIB's double bottom pattern is gaining momentum, breaking through resistance requires volume support, cautious optimism.
The crypto market is like a roller coaster; don't just focus on price fluctuations. Learn to observe capital flow and technical signals to steadily seize opportunities. Stay patient and don't blindly follow the trend; do your homework on key price levels, and let's watch the market together 📊.
DYOR, manage your risk well, and may everyone set sail in the crypto world! 🌊
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