Kategorie: Crypto Analysis

Key takeaways

• PI is down 2% in the last 24 hours and could drop below $0.22 if the bearish trend continues.
• The technical outlook indicates short-term risk.

PI could dip lower amid poor technicals

Pi Network (PI) has been underperforming over the past three days and risks dropping below a critical support trendline. The on-chain data indicates an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. 

Data obtained from PiScan reveals that user deposits over Pi Network’s Know Your Business (KYB)-verified CEXs totaled 2.75 million PI tokens in the last 24 hours. The deposit is far greater than the withdrawals of 1.76 million tokens. Thus, indicating a daily net inflow of CEXs, suggesting that investors might be selling some of their stash. 

 Will Pi Network drop below the $0.22 support line?

The PI/USD 4-hour chart is bearish and efficient as PI has lost 2% of its value in the last 24 hours. The cryptocurrency is retracing toward a local support trendline formed from the October 22 and November 4 lows. 

At press time, PI is trading at $0.2267, with a bearish trend currently in play. The technical indicators are bearish, suggesting further downward movement. The RSI of 37 shows that PI is heading into the oversold region if the trend continues. The MACD lines are also within the bearish region.

If the trend persists, PI could decline below the Monday low of $0.2204, with another major support just around the $0.1919 region. 

However, if the bulls regain control, PI could reclaim last week’s high at $0.2841. An extended bullish run would allow PI to eye the August 1 low at $0.3220.

However, the current market conditions remain bearish, with PI expected to underperform over the next few days.

The post PI could drop below $0.22 amid a strong bearish trend: Check forecast appeared first on CoinJournal.

• PEPE memecoin price rises 4.46% despite its website being hacked.
• Technical indicators signal a bullish momentum for PEPE amid strong trading volume.
• Retail and institutional interest support the memecoin’s bullish momentum amid broader market trends.

Pepe memecoin price has risen significantly today despite facing a serious security incident following a hack on its official website.

The token is currently priced at approximately $0.000004898, after a 4.46% increase over the past 24 hours.

While the website exploit has not immediately affected the memecoin trading, and it continues to attract attention from retail investors driven partly by technical momentum and ongoing interest in high-beta memecoins, analysts caution that the gains could easily be wiped out if the exploit is left unattended.

Technical momentum lifts Pepe memecoin price

From a technical standpoint, PEPE recently broke above its 7-day simple moving average (SMA) of $0.0000045579 and its 30-day exponential moving average of $0.0000051095.

These technical movements are reinforced by a positive MACD histogram reading and the main MACD line crossing above the signal line, suggesting bullish momentum.

In addition, the Relative Strength Index (RSI) is at 47.08, implying that the token still has room to move higher without being overextended.

As the bullish case builds, short-term traders have interpreted these signals as an opportunity to enter positions, which have contributed to increased trading volume.

Over the past 24 hours, PEPE has recorded approximately $381.5 million in volume, up 26% from the previous day.

However, traders should closely watch the resistance noted at the 23.6% Fibonacci level of $0.0000057928, which could define the next potential target if the momentum persists.

Memecoin enthusiasm and market sentiment

PEPE’s rally also aligns with the broader memecoin trends, as assets like Fartcoin have also recorded double-digit gains.

The Altcoin Season Index stuck at 21 also underscores an increased appetite for risk among crypto participants.

Institutional sentiment has also played a role, with statements from major financial players, including BlackRock’s acknowledgment of stablecoins as a major influence in the market and Bank of America’s recommendation for a modest crypto allocation, buoying the broader market confidence.

Security breach casts shadow over PEPE

The hack on the Pepe memecoin website, identified by cybersecurity firm Blockaid, involved a front-end attack redirecting users to malicious links.

🚨Blockaid’s system has identified a front-end attack on @pepecoineth.

The sites contain a code of inferno drainer. pic.twitter.com/ugor0Um1jU

— Blockaid (@blockaid_) December 4, 2025

The attack employed a suite of tools known as Inferno Drainer, commonly used for phishing, wallet draining, and social engineering.

Users are strongly advised to avoid the compromised website until the security issues are resolved.

While the breach has not depressed PEPE’s price surge, it underscores the persistent risks in the crypto space.

Analysts note that sustaining the current level above $0.00000500 will be critical to maintaining the bullish setup.

The post Pepe memecoin price rise under pressure after website is hacked appeared first on CoinJournal.

Key takeaways

• BTC is up by less than 1% and is currently trading above $93k.
• The coin could rally towards $100k if the bullish recovery continues.

Bitcoin reclaims $94k

The cryptocurrency market has recovered from the dip recorded on Monday, with Bitcoin briefly reclaiming the $94k level on Wednesday. The leading cryptocurrency by market cap is up by less than 1% in the last 24 hours and is now trading above $93k per coin.

The positive performance comes as technical indicators improve across the board, suggesting that retail investors are optimistic about a rally in the near term. 

In an email to Coinjournal, Nic Puckrin, investment analyst and co-founder of The Coin Bureau, pointed out that Bitcoin has staged a remarkable recovery over the past 24 hours, driven by a perfect storm of good news that has finally tipped the balance over in favor of the bulls (Vanguard allowing its clients to buy and sell crypto ETFs).

Furthermore, Bank of America is now recommending a 1%-4% portfolio allocation to crypto, which could bring up to $700 billion in extra liquidity into this asset.

“As a result, Bitcoin has shot up to a key resistance level between $93,000 and $95,000, which also acted as a resistance zone back in April. If it pushes through this, it will attempt to breach the $100,000 threshold again, with the 50-week simple moving average (SMA) at $102,000 a key level to watch. It all depends on whether US buyers continue this momentum when the New York market opens this morning,” Puckrin added.

Bitcoin looks to overcome the $93k resistance

The BTC/USD 4-hour chart is bearish and efficient despite Bitcoin performing positively this week. The technical indicators have improved, with the bulls currently in control.

The RSI of 61 shows that Bitcoin could be heading into the overbought territory if the buying pressure continues. The MACD lines also switched bullish on Tuesday, confirming another strong bullish bias.

If the bullish trend persists, BTC could surge towards the next major resistance level at $96,399 over the next few hours or days. However, if the bulls fail to push higher. Bitcoin could retest the liquidity level just below $91k.

The post Bitcoin price forecast: BTC eyes breakout to $100k as technicals improve appeared first on CoinJournal.

Key takeaways

• LTC is up 1% in the last 24 hours and now trades at $85 per coin.
• The coin could rally above $95 amid growing retail demand.

Litecoin reclaims $85 as demand increases

Litecoin (LTC) has added 1% to its value and is currently trading above $85 per coin. The positive performance comes amid increased demand for cryptocurrencies with listed Exchange Traded Funds (ETFs). The momentum comes after the Vanguard Group decided to allow crypto market exposure through third-party ETFs.

Vanguard’s decision extends exposure to the Canary Litecoin ETF (LTCC), increasing the possible demand for the fund.

However, data obtained from SoSoValue revealed that the Litecoin ETF saw a net-zero flow on Monday and Tuesday, keeping the cumulative net inflow at $7.67 million. 

Furthermore, the Litecoin derivatives market saw a surge in demand, as the futures Open Interest (OI) surged by 4.41% over the last 24 hours to $440.26 million. This surge suggests that investors are confident that Litecoin’s price could rally higher in the near term.

Finally, data obtained from CryptoQuant shows an increase in the average order size from whales. This reflects greater confidence and could further boost demand.

Litecoin could reclaim $95 as indicators flash bullish

The LTC/USD 4-hour chart is bearish and inefficient as Litecoin has underperformed in recent weeks. The coin has recovered from the low of $74 created on Monday and could rally higher in the near term.

At press time, LTC is trading at $85.2 per coin. The technical indicators have switched bullish on the 4-hour timeframe. The RSI of 53 shows that the bulls have regained control, and LTC is no longer in the bearish region. The MACD line has also switched bullish since Tuesday, indicating a bullish bias.

If the recovery continues, Litecoin could surge to the 0-day Exponential Moving Average (EMA) at $92.94. An extended rally would allow it to hit the 200-day EMA at $99.51. However, if Litecoin loses momentum, it could retest the November 4 and December 1 lows at $79.68 and $74.66, respectively.

The post Will Litecoin hit $95 amid rising retail demand? Check forecast appeared first on CoinJournal.