The post Solana And Pepe Price Surging On Bitstamp Listing: What’s Next? appeared on BitcoinEthereumNews.com.

Bitstamp cryptocurrency exchange has added Bitstamp Pepe (PEPE) and Bitstamp Solana (SOL) to their U.S. trading platform. This has resulted in both tokens posting notable gains in reaction to the news. The goal is to provide more trading options for Bitstamp’s US customers. This would help leverage the fast-growing and lively meme coin market. Snap | Source: X Market Reaction: Pepe Price Sees Notable Increase Less than 24 hours after news of the Pepe listing, the asset saw a surge of over 6%. This shows the market was hopeful of this asset. This immediate boost includes Pepe price’s volatile and responsive personality. – Advertisement – It shows that it holds the potential for speculative investors as well as long-term holders. They see this as an opportunity to capitalize on the rumor generated by market news. The more general moneyness of memes and the origin of Pepe’s market has itself given us some really interesting market dynamics. Pepe, with a market capitalization totaling $8.83 billion, is one of the ebb and flow of meme-based digital assets. These have fascinated us as an unpredictable beast. An increase of 36.21% in trading volume on the day listing, suggests a higher level of activity fueled by fascination. – Advertisement – Technical Analysis: Bullish Trends and Future Predictions Regarding the technical side, Pepe price chart on Binance shows a falling wedge pattern preceding the listing announcement. In technical analysis, this pattern is usually a sign of a potential price breakout. Analysis of the wedge consolidation and subsequent breakout shows a strong bullish view. This may send the price even higher in the short term. Future projections state that if Pepe manages to stick to this pattern, its trajectory could crest new heights. According to technical analysts, the target price might move up from the breakout…

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Filed under: News - @ December 1, 2024 8:15 pm