Crypto Market Remains Upbeat Despite Geopolitical Tensions
The cryptocurrency market has maintained its upbeat tone despite rising geopolitical tensions in the Middle East. Bitcoin is trading at $80,000, and the total market capitalization of all tokens stands at $2.6 trillion.
This article provides price predictions for top tokens like Pepe Coin (PEPE), Canopy (CNPY), and Zcash (ZEC).
Pepe Coin has been on a slow comeback since bottoming out at $0.00000022 in July. It recently formed a falling wedge pattern, a common bullish reversal sign, and a bullish pennant. The token remains above its 50-day Exponential Moving Average (EMA) and the Supertrend indicator.
The path of least resistance is upwards for Pepe Coin, with the next target being $0.000004547, its highest level on August 22nd. A move above this level could signal more gains to the extreme overshoot level at $0.000005215.
Zcash has been performing well in the past year and is currently trading at its all-time high. Its market capitalization stands at $24.5 billion, making it the 9th-largest coin in the industry. The token crossed important resistance levels of $747 and $1,000 and is now hovering near the Strong pivot reverse level of the Murrey Math Lines tool at $1,500.
Zcash may continue pumping to its Ultimate Resistance at $2,000 as long as it remains above all moving averages and Supertrend indicators.