Cryptocurrencies Price Prediction: PEPE, Bitcoin & Ethereum – American Wrap 26 May
PEPE price action puts traders on the edge of their seats as pennant gets filled
PEPE (PEPE) price is entering the very last possible stage before finally determining whether bulls or bears have the winning hand in this poker game showdown. Analyzing the performances of past sessions and taking into account the Relative Strength Index (RSI), it would appear that the bears will win the game. Expect a breakdown soon of the green ascending trendline and price action heading to $0.0010000 if that is indeed the outcome.
Bitcoin price declined in response to April's US core Personal Consumption Expenditures (PCE) inflation data, which came higher than anticipated. The knee-jerk reaction from market participants increased the selling pressure on the asset, pushing it below $26,400. However, Bitcoin price has managed to return to pre-data levels minutes after the release.
Ethereum price to outpace Bitcoin price as ETH jumps over key hurdle where BTC fumbles
Ethereum (ETH) price is working on its recovery after it dipped to a two-week low on Thursday. While Bitcoin price has failed to make a similar move and head back above $26,500, Ethereum is outpacing Bitcoin and has been able to push above $1,800. One hurdle is in the way now. The green ascending trendline must be overtaken again by bulls before heading to $1,875.
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FXStreet Team
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