Cryptocurrencies Price Prediction: PEPE, Bitcoin & Crypto – European Wrap 16 September

PEPE slides as whales lose interest, traders engage in profit-taking
PEPE (PEPE) posts losses for a third consecutive session on Monday as on-chain metrics show a sharp decline in large-volume transactions from whales and a spike in profit-taking in the last six days. Both indicators suggest that more downside for the meme coin’s price is likely, with PEPE currently trading at $0.00000731.
BTC/USD – Sell trade idea [Video]
Due to the breakout of the rising channel in the background and new momentum low on the RSI oscillator, I see potential for the further drop.
A new local peak in crypto?
The crypto market started the weekend on a positive note but has been unable to sustain gains in recent days, losing 2.8% in the last 24 hours to reach a capitalisation of $2.04 trillion. This retreat from the $2.12 trillion area looks like a new lower local high, continuing the March series, with the potential to return below $2 trillion and consolidate there.
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FXStreet Team
FXStreet
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