PEPE price faces 18% risk unless support holds

Pi Network's price has turned increasingly bearish, with a strong distribution forming across the current trading range, raising concerns about a potential correction that could see the price drop below $0.20. This shift in market sentiment reflects a growing uncertainty among investors regarding the stability of the cryptocurrency.

Pepe Coin's price surged by 14% in the last 24 hours, primarily driven by retail buying, despite indications of a fragile market setup characterized by hidden bearish divergence and a potential head-and-shoulders pattern that may limit further gains.

AAVE's price has confirmed a bullish reversal pattern, rebounding 13.5% on December 3, despite a decline in total value locked (TVL) to a five-month low. This indicates a potential shift in market sentiment for the cryptocurrency, which has been experiencing a downtrend in recent weeks.

Solana has successfully rebounded above the $135 mark and its 100-hour simple moving average (SMA) after breaking a bearish trend line, indicating a strong reversal attempt. However, the cryptocurrency still faces nearby resistance levels that need to be cleared to prevent a potential pullback. This recovery follows a period of declining prices and market instability.

Bitcoin has absorbed $732 billion in new capital during its latest market cycle, characterized by increased institutional participation and a significant $24 billion in tokenized real-world assets (RWAs). This influx has led to a reduction in volatility, indicating a more stable trading environment for the cryptocurrency.

Cardano's price has shown early signs of bullish behavior, stabilizing above key support levels as the Relative Strength Index (RSI) recovers and the Exponential Moving Averages (EMAs) compress. However, significant resistance walls and stacked ask orders continue to limit its breakout potential.

XRP price has shown positive momentum, reclaiming short-term exponential moving averages (EMAs) and experiencing a bullish turn in the MACD indicator. However, significant ask walls suggest that a breakout beyond the $2.2 mark will require substantial trading volume to overcome resistance levels. This follows a consolidation phase where XRP's price had previously dipped to a six-week low of $2.12.

ICP continues to trade below its 9- and 20-day exponential moving averages (EMAs), with bearish momentum indicated by the MACD and a neutral RSI. The cryptocurrency is confined within a tight trading range due to established bid and ask walls, limiting any potential for a breakout in the near term.