Investors in the cryptocurrency realm are witnessing dynamic shifts as Pepe Coin (PEPE) experiences a surge, propelled by Ethereum’s (ETH) monumental leap past $3,000. Amidst this fervor, attention turns to key levels, with Pepe Coin’s (PEPE) movement scrutinized closely, signaling potential market shifts. Concurrently, Solana (SOL) showcases a resilient recovery, aiming to surpass previous highs, while cautious optimism surrounds its speculative interest and funding rates.
Meanwhile, Kelexo (KLXO) emerges as a disruptor in traditional banking, pioneering decentralized lending with streamlined processes and enhanced security. Positioned in its presale phase, Kelexo (KLXO) presents an enticing prospect for early investors, leveraging blockchain innovation to address challenges within decentralized finance.
Pepe Coin (PEPE) encountered notable volatility, surging by 121% in the last two days, linked to the widespread enthusiasm surrounding Ethereum (ETH) surpassing the $3,000 mark. This momentum, influencing Ethereum (ETH) related altcoins, lifted Pepe Coin (PEPE) from $0.00134 on February 26 to $0.00297 on February 27. Amid retracement, attention to the $0.00245 level is crucial, a focal point of sell-side liquidity.
A successful rebound beyond this level could extend the rally, potentially retesting the $0.00300 round number. Failure to recover might signal a lower low, indicating a shift to a bearish market structure, suggesting a short-term uptrend and potential correction. Investors may consider shorting Pepe Coin (PEPE) in such cases, targeting around $0.00216, aligning with the $0.00219 support level.
Solana (SOL) has rebounded resiliently, recovering from a recent -35% correction to trade at approximately $130. Demonstrating signs of surpassing its previous peak, Solana (SOL) aims for the 50% Fibonacci retracement level from its all-time high. Sustaining positions above the 50 and 200-day moving averages signal a stable uptrend, supported by revived oscillators like RSI and MACD.
Parallelly, the Solana (SOL)/Tether (USDT) perpetual contracts exhibit increased open interest, aligned with a positive funding rate and predominant sell-side liquidations. While suggestive of speculative interest favoring buying, caution is warranted due to a potentially overbought scenario from a sustained high funding rate.
The liquidation heatmap highlights Solana (SOL)/Tether (USDT) substantial bounce-back, notably around $100. The pivotal point at $92 poses the potential for heightened volatility. Subsequent support at $70 or $60 implies a potential -54% drop. While Solana’s (SOL) positive momentum suggests a rally, vigilant monitoring of speculative interest and key levels is imperative for confirmation or invalidation.
The Kelexo (KLXO) is disruptive to the traditional banking sphere, as it will cut paperwork involved during compliance and identifications and, therefore, bring markets closer to the common people. Kelexo (KLXO) supports instant peer-to-peer (P2P) lending with better security, transparency and decentralized governance.
The innovative approach eliminates the possibility of long KYC checks and allows, therefore, one to lend and borrow instantly. Kelexo (KLXO) also provides rewards to holders with the main focus on encouraging user contributions to increase the platform. The team locks tokens and liquidity is provided with additional security.
Now, at presale stage one, Kelexo (KLXO) offers an opportunity to attract investments with a token set at a price per token at $0.028, offered with a limited supply. Its early investors will have an opportunity to be part of the potential returns from this web3 lending platform set to offer solutions within decentralized finance (DeFi).
Kelexo (KLXO) is a very attractive project that should be reviewed by any DeFi or progressive lending platform enthusiast. This presale is an occasion for an investor to grab a part of the growth and potential gains from this blockchain innovation, which is aimed at overcoming problems related to traditional lending systems.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
Stablecoin issuer Tether has hired former Paypal and Chainalysis Executive Jesse..
The US Government is pushing for the release of Binance Executive..
MicroStrategy has bought an additional 18,300 Bitcoin in its effort to..
Stay ahead in crypto with AltcoinDaily.co! Get the latest news, expert analysis, and blockchain insights. Your trusted source for all things cryptocurrency. ππ°
Join Now