JasmyCoin is showing weakness as it trades near a crucial support level. After the rejection at the $0.03200 resistance, the price declined to around $0.01922. The critical support level at $0.01657 is the key area to watch because a break below this could trigger a sharp decline toward the $0.01500 mark, a potential 22% decline.
This increase in the bearish pressure as indicated by the momentum indicators such as the RSI is evident. The RSI is approaching oversold levels, suggesting that the downtrend could continue if support doesn’t hold.
If JasmyCoin can find support at $0.01657 and bounce back, it could attempt to retest the $0.01950 level. A move above this resistance could change the outlook to be more bullish stance, potentially targeting the $0.03200 resistance again. Traders should monitor these levels in the next days.
PEPE is showing signs of consolidation as it trades within a well-defined range. The price now for PEPE is $0.00000774, The support at $0.00000705 and resistance at $0.00000979. This range has been in change since late June, indicating a period of indecision in the market.
The daily chart suggests that PEPE could be in for a breakout soon, but the direction remains uncertain. If the price can go above the $0.00000979 resistance, it may rally toward the next key level at $0.00001298. On the flip side, a drop below the $0.00000705 support could lead to a more decline, potentially testing the $0.00000600 level.
Traders should keep their eyes on these critical levels, as a breakout in either direction could signal the next major move for PEPE. Momentum indicators are relatively neutral, further emphasizing the current range-bound nature of the market.
Ethereum (ETH) continues to face selling pressure as it struggles to reclaim higher levels. Right now the price is around $2,517, ETH remains just below the key resistance level at $2,815.83. The cryptocurrency has been unable to sustain momentum above this barrier, which has acted as a significant point of rejection in the past few weeks.
Moving on to the next chart below shows that if ETH fails to get above $2,815. 83 shortly it may turn more southward that in its current standing. Nearby requests the basic assistance at the quantity of $2 171. 10, and a breach below this level could set the commodity on a faster track to $2000 or below.
Momentum indicators show a bearish tilt, with the RSI below neutral and the AO reflecting waning bullish strength. However, a decisive close above $2,815.83 could flip the script, potentially setting the stage for a rally toward the next resistance level at $3,540.17.
Ethereum traders should closely monitor these levels as ETH navigates this critical juncture.
This post was last modified on Aug 30, 2024, 15:32 BST 15:32