Global #bearish sentiment

The Pepe (PEPE) meme coin has been struggling to break past the $0.0000085 resistance zone, a level that previously acted as support in July. Recent whale activity has failed to ignite a bullish trend, and PEPE is now approaching its nearest support zone with significant downward pressure.

The recent market crash has been nothing short of catastrophic, erasing over $600 billion in value as bearish sentiment gripped investors. Despite the overall downturn, Bitcoin has managed to rise above $55,000, providing a glimmer of hope and sparking significant movements in some altcoins.

A recent survey conducted by CoinGecko reveals that 49.3% of respondents feel either "bullish" or "somewhat bullish" about the current state of the cryptocurrency market.

The cryptocurrency market is experiencing a welcome surge, with its global valuation rising by an impressive 3.79% in the past day. This uptrend follows a period of bearish sentiment, marking a significant shift in investor confidence.

While Bitcoin and Ethereum prices remain volatile, there are signs that traders are becoming less bearish. According to a report by crypto analytics firm Kaiko, the put-call ratio for both major cryptocurrencies has declined in June after a surge in May.

The cryptocurrency market has been experiencing a period of volatility recently, with many tokens experiencing significant price swings. One token that has been particularly hard hit is Ethena (ENA), which has lost over 30% of its value in the past week.

The Ethereum (ETH) market has seen significant buying pressure from whales recently, yet price analysis indicates a possible bearish trend in the midterm. This contradictory situation has captured the attention of both investors and analysts, as they try to understand the mixed signals and predict ETH's future direction.

Bonk (BONK), the prominent meme coin, persists in following an upward trajectory within an ascending channel, even amid growing pessimism towards it in the market. Analyzing its essential indicators shows that there remains a consistent interest in the meme coin, notwithstanding some investors cashing out for profits.

Over the weekend, both the total crypto market cap (TOTAL) and the price of Bitcoin (BTC) paused their recent rally. While there's a slight upward movement indicated by the intra-day candlestick being green, the bearish sentiment from the past couple of days seems to persist, leading to minimal overall growth today.