Last week, the cryptocurrency market failed to experience consistent growth, leading to uncertainty lingering from January. As a result, many altcoins faced price declines, some hitting yearly lows. However, decreased trade tensions and inflation in the US have investors considering altcoin purchases again. This could potentially boost the digital assets’ strong rally next week, with Piy and Pepe poised for significant growth. Investors’ focus on altcoins; Bitcoin challenges persist! Last week, geopolitical tensions caused drastic fluctuations in the cryptocurrency market. Meanwhile, Bitcoin struggled to surpass the $85,000 level, facing significant resistance which reduced its dominance. This situation led whales and major investors to redirect their capital towards altcoins like Piy and Pepe. Piy Price Analysis: Piy is currently testing the key resistance at $1.5, facing strong selling pressure. This pressure has stabilized the price near the 20-day Exponential Moving Average (EMA 20). In the past 24 hours, Piy experienced over a 4.5% price drop, reaching $1.45, due to selling pressure and buyer uncertainty in this price range. If the price stays below the EMA 20, further declines to $1.38 are possible. Breaking this level could lead to a further drop to $1.26. However, if the Relative Strength Index (RSI) improves from the current 40 range, the price may resume an upward trend, potentially reaching $1.8. Pepe Price Analysis: Pepe has recently shown an upward trend and is attempting to break through the 23.6% Fibonacci correction level. However, strong resistance is observed around $0.0000075, where sellers are active. The RSI at 57 indicates remaining in the buying range, strengthening the possibility of breaking resistance and further price growth. If Pepe surpasses $0.0000075, its price could reach $0.000009. But if selling pressure increases at this level, a downtrend may start, leading to a price drop to $0.000006. Visit the real-time digital currencies prices page to track all tokens and cryptocurrencies live.
