Bitcoin $83,541‘s price stands at $97,400, with persistent negativity in altcoins despite shallow movements. Numerous risk-laden events are anticipated in the coming days, from Federal Reserve minutes to PCE data releases. Popular crypto analyst Ali Charts has recently evaluated the charts for PEPE, SUI, and ETH.
ETH, SUI, and PEPE Coin Analysis
Ethereum $1,574 has shown little life for an extended period, continually feeding into the overall negativity of altcoins. In today’s evaluation, Ali Charts indicated that the price of Ether could rebound based on historical signals.
“The TD Sequential indicator provided a buying signal near the lower boundary of this channel on the weekly Ethereum chart, historically resulting in strong recoveries. A similar setup may now be occurring!”
If the pattern repeats, we might soon see ETH prices surpass $4,000 again, a promising outlook for altcoins.
For PEPE Coin, the analyst targets a price of $0.0000032.
“This is a crucial level for PEPE. If it stays above $0.0000092, a recovery could happen. However, a breakdown below could open the door to a move towards $0.0000032.”
SUI Coin has yet to experience true bull markets, with prolonged bearish trends. While BTC experiences exciting rallies, experts caution it hasn’t yet reached true all-time highs. As liquidity typically decreases in the summer, investors hope for activity in altcoins until March or April. Ali Charts remarks on SUI Coin;
“SUI appears to be forming a head-and-shoulders pattern, which could indicate potential movement towards $1.60 if confirmed!”
If the analyst’s prediction holds true, SUI Coin may provide investors with a new buying opportunity before the cycle peaks.
Token Risks and Crypto Gambling
New crypto investors are drawn to the excitement of PUMP/RUG stories, reminiscent of 2017’s PUMP/DUMP narratives. These tokens, often useless on DEX platforms with lifespans of 15 minutes to an hour, present either significant gains or 99% losses. The rapid pace captivates new investors like gambling addicts.
However, this behavior drains liquidity and generates new opportunities for scammers. Recently, a rug pull supported by the Argentine President attracted considerable attention. Roman Trading stated;
“Crypto is turning into a joke, my friend.
Enough with the meme/celebrity coin nonsense. It’s all a scam. Everyone knows it. Bring back solid projects and productivity. Let’s return to business.”