Cryptocurrency markets are witnessing volatility, with PEPE surging 175% and aiming for a 200% gain. Bitcoin has fallen below $70K, and Solana shows signs of a possible correction after hitting $180, despite market fluctuations.
Pseudonymous analyst DonAlt predicts that memecoin Pepe Coin (PEPE) could plummet by over 80%, marking a major correction for memecoins according to his analysis shared with over half a million followers.
Post-halving, Bitcoin's price fell below $58,000, with analysts watching for more correction indicators.
Speculation about a potential "deep correction" for Bitcoin exists, yet some crypto analysts are not convinced of its likelihood as the price remains strong at $66.9K.
After a 23% correction, one analyst believes Bitcoin may be in a post-halving reaccumulation phase, akin to previous cycles leaving the 'danger zone'.
The crypto market is currently experiencing a downturn, with Bitcoin at the $56,000 support level and Ethereum also facing a correction. Despite today’s decline, the long-term outlook for cryptocurrencies remains optimistic.
Bitcoin investors aim for a $50K target even as demand shrinks, evidencing a correction in its price.
Ethereum experienced a 2.50% price drop overnight, raising concerns about its ability to sustain its value above $3,000 amidst a market downturn and fears of a broader correction.
