PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest

After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a renewed upward trend, and explore potential scenarios for its next move. Analyzing The Current Market Condition Of PEPE On the 4-hour chart, PEPE is currently trading above the 100-day Simple Moving Average (SMA), indicating a generally positive trend. However, the crypto asset is experiencing significant bearish momentum that could drive the price down toward the $0.00000766 level for a crucial retest. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line is currently at 66%, moving down from the overbought zone toward the 50% threshold. This decline indicates increasing pessimistic momentum, suggesting a greater likelihood of PEPE approaching the $0.00000766 support level. Related Reading: PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support On the 4-hour chart, PEPE appears to be moving downward toward the $0.00000766 support level while approaching the 100-day SMA. Despite this short-term decline, the recent bullish market sentiment suggests that this drop may be temporary and could potentially lead to a rebound in the near future. Finally, the 1-day RSI signal line, which has risen to 51%, is now declining towards the 50% level. The drop in the RSI indicates a potential upward momentum weakening, reinforcing the likelihood of a price retracement to the support level for further evaluation. Evaluating PEPEs Support Test: Can $0.00000766 Hold Firm? If $0.00000766 holds up against the selling pressure, it could indicate a potential rebound and a continuation of the upward trend toward the next resistance at $0.00001152. A successful breach of this resistance level might signal a stronger bullish move, paving the way for further price increases to even higher levels. Related Reading: Buying The Dip: PEPE Price Recovers 10% As Whales Load Their Bags However, if $0.00000766 fails to hold as support, it could lead to additional declines toward the $0.00000589 support level. Should PEPE fall below this level, it may move on to challenge the $0.00000398 range and beyond. Over the past 24 hours, PEPE traded around $0.00007822, reflecting a 6.93% increase. The cryptocurrency’s market capitalization has risen to over $3.2 billion, with trading volume surpassing $527 billion, indicating a 6.94% and 59.38% increase respectively in the past day.  Featured image from iStock, chart from Tradingview.com

View Details

PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?

PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the critical support level at $0.00000766 or if a potential reversal is on the horizon.  As of the time of writing, PEPE’s price has dropped by 5.10%, trading at approximately $0.00001005 in the past 24 hours. PEPE boasts a market capitalization exceeding $4.2 billion and a trading volume surpassing $821 million. The assets market cap has decreased by 5.32%, while its trading volume has increased by 35.01% in the past 24 hours. Technical Analysis: Current Market Sentiment For PEPE On the 4-hour chart, PEPE has demonstrated significant bearish momentum, with the price dropping below the 100-day Simple Moving Average (SMA) and the $0.00001152 support mark, signaling a potential bearish move toward the bullish trend line. A successful breach below this trend line could signal the start of a bearish trend for the cryptocurrency, potentially driving the price down to the next key support level at $0.00000766. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line has dropped below 50% and is approaching 30%, which is considered the oversold zone. This movement indicates increasing bearish momentum and suggests that selling pressure is intensifying. Technical analysis on the 1-day chart reveals that, following the rejection at $0.00001313, PEPE has been on a bearish trajectory toward the bullish trend line, marked by the formation of multiple bearish candlesticks. Furthermore, the crypto asset’s price is trading below the 100-day SMA, suggesting a bearish market sentiment. The signal line of the 1-day RSI indicator has recently dropped below 50% and is moving toward the oversold zone, suggesting that the digital asset may continue its bearish trajectory below the 100-day SMA toward the bullish trend line. Navigating Potential Breakdowns And Bounces At The Trend Line PEPE is currently on a bearish path while approaching its long-standing bullish trend line. A successful break below this trend line could indicate the beginning of a bearish trend, potentially driving the asset toward the $0.00000766 support level and beyond. However, if PEPE bounces back at the bullish trend line, it could retrace towards its previous high of $0.00001152. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001313 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com

View Details

PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support

Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears gaining control and eyeing further downside towards the $00000589. The break below this key level raises concerns among traders, as the possibility of deeper losses becomes increasingly likely. As momentum turns negative, this article aims to examine the implications of PEPEs price slipping below a critical support level. It will delve into how this breakdown impacts market sentiment, and with the help of key indicators evaluate the likelihood of further declines. In the past 24 hours, PEPE has declined by 3.51%, reaching approximately $0.00000724. Its market capitalization stands at over $3 billion, with a trading volume exceeding $652 million. During this period, PEPE’s market cap and trading volume have decreased by 3.62% and 0.26% respectively. Market Sentiment Shifts As Price Falls Under Crucial Support PEPEs price is exhibiting active bearish behavior, trading below the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. Since falling below the $0.00000766 support level, the crypto asset has remained steady, showing little sign of recovery.  This sustained price action under a key moving average suggests that bearish momentum is firmly in control. As a result, the downward trend could likely extend further, especially if the price continues to struggle below this critical resistance level. Additionally, the Relative Strength Index (RSI) indicates that PEPE could continue its decline toward the $0.00000589 support level. The signal line has fallen below 50% and is now trending around 37%, suggesting that bearish pressure remains strong in the market. On the 1-day, PEPE is still trading below the 100-day SMA and the trendline. It can be observed that the crypto asset is attempting a bearish move toward the $0.00000589 support level. With this recent bearish move, the decline could extend to other support levels. Lastly, the formation of the 1-day RSI suggests that PEPE is at greater risk of extending its decline. The signal line is currently hovering around 35% after failing to break above 50%, setting the stage for another drop toward the oversold zone. Potential Downside Targets: Where PEPE Could Be Headed Next Ongoing bearish pressure could push PEPEs price down to the next support level at $0.00000589. A decisive break below this support could signal further bearish movement, potentially driving the asset toward the $0.00000566 support level and possibly even lower. However, if PEPE rebounds from the $0.00000589 level, it could retrace toward its previous high of $0.00001152. If the cryptocurrency breaks above this level, it could signal further upward momentum, potentially targeting the $0.00001313 resistance range and other higher levels. Featured image from Adobe Stock, chart from Tradingview.com

View Details

Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins

Holders of the top meme coins have witnessed rough price action in the past few weeks. The majority of meme cryptos have crashed hard during the last week, with losses of over 20% in each asset across the board. Particularly, holders of the top meme coins Dogecoin, PEPE, and Shiba Inu have been disappointed, as [...]

The post Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins appeared first on Crypto Breaking News.

View Details

This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002

PEPE bulls have encountered challenges in their attempts to push up the meme cryptocurrency’s price over the past week. Notably, PEPE has experienced a decline of approximately 4% in the last 24 hours alone, with a more substantial drop of 6.5% over the course of the past seven days. The selling sentiment surrounding PEPE has increased significantly since the middle of July. Throughout this period, the meme coin has struggled to break above resistance at $0.0000126, facing repeated failures each time it approached this critical price point.  A deeper analysis of market behavior reveals that this prevailing selling sentiment can be largely attributed to a notable shift in the composition of PEPE investors. There has been a strong increase in the number of short-term holders, accompanied by a corresponding decrease in long-term holders.  Jump In Short-Term Holders According to on-chain data from IntoTheBlock, short-term PEPE holders have increased noticeably in the past 30 days. This observation is derived from IntoTheBlock’s Balance by Time Held metric, which follows the variation over time of the balance in wallet addresses and groups them into holders, cruisers, and traders, depending on their average time.  Related Reading: Institutional Investors Show Interest In Cardano, Triggering 300% Surge Notably, this metric shows that the balance in the wallets belonging to the trader cohort has increased by over 31% in the past 30 days. This is interesting because the trader cohort is made up of those who generally hold their assets for less than a month before selling. The behavior of this cohort suggests a shift towards more speculative trading, as these investors are looking to capitalize on quick market movements rather than committing to long-term. On the other hand, the balance in cruiser addresses have fallen by 6.24% in the same timeframe. Cruisers are those addresses that hold their tokens for between one to twelve months before selling. This decrease in the balance of cruisers suggests many long-term holders have been selling their PEPE tokens in the past 30 days. What Does This Mean For PEPE? The influx of short-term holders is creating a more volatile environment for PEPE. Currently, they account for 20% of the entire circulating supply of PEPE. As these investors tend to buy and sell quickly based on market fluctuations, they are more likely to create frequent price swings. This increased volatility is making it challenging for PEPE to maintain a stable upward trajectory. Related Reading: Analyst Says ETH Price Will Struggle As Spot Ethereum ETFs Expectations Crash At the time of writing, PEPE is trading at $0.00001135. Although the crypto is still up by 42% from a 2-month low of $0.000007975 recorded on July 5, the upward trajectory has been stalled by the activity of short-term holders. PEPE now finds itself trading around a two-week significant support of $0.00001133. A bounce above this price point would enable PEPE to resume its uptrend and continue approaching the $0.00002 threshold. Featured image created with Dall.E, chart from Tradingview.com  

View Details

PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH

The PEPE price has remained strong coming out of the crypto market crash, rebounding more than 40% in a single day. This bullishness has fed the narrative for the meme coin, which is touted to be the next big thing on Ethereum. However, the question remains whether the PEPE price will continue to rise from here if it has reached its peak for this cycle. PEPE Price Still Bullish From Here Despite being down around 30% from its May 27 all-time high of $0.00001718, the PEPE price is still showing bullish tendencies. This could point to a continuation, something that pseudonymous crypto analyst melikatrader94 points out in an analysis on TradingView. Related Reading: Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week According to the crypto analyst, the PEPE price has bounced off an internal trend line that has been acting as support for the meme coin. As a result, there has been the formation of a double bottom following the most recent price bounce, and this is bullish for price. Since the PEPE price was quick to react to the internal trend line, the crypto analyst believes that this shows strong buying interest in the meme coin. Furthermore, the chart is showing the formation of an ascending trend line, and given the history of ascending trend lines, then price could continue to rise, as long as it doesnt break out of this channel. With the double bottom mentioned above, the PEPE price is already seeing the result of this bullish reversal. If this continues, the price is expected to rise over 150% from here again, reaching a new all-time high of $0.00004128, according to the crypto analyst. Scenarios For Invalidation While the PEPE price is still very bullish, there are still scenarios that could send the price spiraling downward. Short of a market-wide Bitcoin and crypto crash, the PEPE price still has multiple resistance levels to conquer from here. One of those is the $0.000025 level. Furthermore, as the analyst points out, the price has to remain above the internal trend line, which currently sits just above $0.000008. As long as it holds this point, then bulls remain in charge and can try to drive the price up. Related Reading: Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go? Another major point to watch is the mid-channel resistance. In this case, the resistance lies just above $0.000025, which is above the current all-time high. This means there is still room for growth before hitting any major resistance. Last but not least is the volume for the meme coin. If the PEPE trading volume continues to rise, then the buying pressure can push the price toward new ATHs. However, a decline in the trading volume could be detrimental for the price and lead to a reversal. Increasing trading volume would further confirm the bullish trend and provide additional confidence in reaching the target price, the analyst said in closing. Featured image created with Dall.E, chart from Tradingview.com

View Details

PEPE Shows Persistent Bullish Strength As Market Optimism Grows

PEPE has been on a remarkable upward trajectory, showcasing significant bullish momentum that has caught the attention of traders and investors alike. This sustained uptrend suggests strong market confidence and growing optimism about the prospects of PEPE. As the cryptocurrency continues to climb, market analysts are closely monitoring key indicators and trends to gauge how long this bullish phase might last and what potential heights PEPE could reach. In this analysis, we will dive into PEPE’s price prospects with the help of some technical indicators. As of the time of writing, PEPE’s price was trading at around $0.00001531 and was up by 3.33% with a market capitalization of over $6.3 billion and a 24-hour trading volume of over $1.5 billion. Its market capitalization and trading volume are down by 3.51% and 26.3% respectively in the last 24 hours. Technical View Of PEPE Price With Indicators From the 4-hour time frame, the price of PEPE is still actively trading below the 100-day Simple Moving Average (SMA), which is a clear indication that it might be poised for a more bullish movement. The 4-hour Moving Average Convergence Divergence (MACD) also signals that PEPE might move bullishly as the MACD histograms show signs of moving above the MACD zero line. In addition, although the MACD line and the MACD signal line are trending below the zero line, the MACD signal line is seen attempting to cross above the MACD line, suggesting that the price of PEPE might still move upward. In the 1-day time frame,  it can be observed that PEPE, after making a pullback is showing signs of undergoing a rally as it is dropping a daily bullish candlestick. Although the 1-day MACD is giving a bearish signal as the MACD histograms have dropped below the MACD zero line and both the MACD line and the MACD signal line have crossed while still above the zero line, there is the possibility that the development might turn bullish again based on the price action in the 4-hour timeframe. Future Prospects For The Meme Coin Based on the previous price action of PEPE, it can be observed that a high of $0.00001731 and lows of $0.00001313, $0.00001152, and $0.00000888 have been created which are key points in determining its next destination. If PEPE continues to move upward to the resistance level of $0.0001731 and breaks above it, it therefore means that it will move higher to create a new high. However, if it fails to break above this resistance level, it will begin a downward move toward the $0.00001313 support level. Should the price break below this support level, it might move even further to test the $0.00001152 level and probably other levels on the chart. Featured image from iStock, chart from Tradingview.com

View Details

Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Dont?

A crypto whales transaction involving the third-largest meme coin by market cap, PEPE, has drawn the crypto communitys attention. The magnitude of the transaction, coupled with some other whale transactions, suggests that it may be high time to pay more attention to PEPE.  Crypto Whale Spends $10.4 Million On PEPE On-chain analytics platform Spotonchain revealed a wallet (3eAaAC3C9) that had purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). This wallet then proceeded to withdraw the tokens in two transactions. On-chain data shows that the whale withdrew 322.5 billion PEPE in the first transaction and the remaining 915.85 billion PEPE in the second transaction.  Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here At the time of writing, the whale hasnt moved the tokens, suggesting they may be looking to hold for the long term. Some notable smart traders look to have been accumulating the meme coin lately, most likely in anticipation of significant price moves from it. Spotonchain also recently revealed two whales that had withdrawn 660.7 billion PEPE from Binance and MEXC.  The platform also mentioned another whale that withdrew 322.48 billion PEPE ($2.68 million) from Binance for the first time. More recently, Spotonchain drew the crypto communitys attention to a smart trader who has been profiting from the meme coin since last year. This trader is said to have completed 8 trades and realized a cumulative profit of $917,000.  Seeing how PEPE has performed since the start of the year, these whales’ interest in the meme coin isn’t surprising. Data from CoinMarketCap shows that PEPE has made a year-to-date (YTD) gain of over 500%, and this bullish momentum looks to be far from over. Interestingly, many traders have yet to jump on the the wave, as just over 200,000 persons hold the meme coin.  Price To Hit New All-time High (ATH) Soon Crypto analyst Plazma recently suggested that PEPE could soon hit a new all-time high. PEPEs current ATH is at $0.00001074, with the meme coin trading just 20% below this price level. Crypto analyst Yazan also hinted that meme coin would soon hit a new all-time high, asking his followers if they were ready for this to happen.  Related Reading: Cardano Comeback: Analyst Reveals Why Its Time To Get Back Into ADA PEPE is currently ranked as the thirtieth largest crypto token by market cap and is likely to climb higher if it eventually hits a new ATH. Crypto analyst and trader Murad believes that the meme coin could rise to the top 10 crypto tokens by market cap since he predicted that PEPE could flip Shiba Inu (SHIB) and possibly Dogecoin (DOGE). At the time of writing, the meme coin is trading at around $0.000008615, down in the last 24 hours, according to data from CoinMarketCap.   Token price drops to $0.0000084 | Source: PEPEUSDT on Tradingview.com Featured image from Gemini, chart from Tradingview.com

View Details

Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year

In cryptocurrency trading, remarkable success stories often emerge, showcasing the potential for significant returns. One such story is that of an anonymous crypto trader who recently managed to turn a portfolio of $23 million into $65 million over the course of a year, according to insights from Lookonchain, a crypto analytics platform. This $42 million profit highlights the traders smart money move in the volatile crypto market. The trader leveraged strategic investments in tokens such as PEPE, ONDO, and BEAM to achieve substantial gains. Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House Maximizing Returns Through Precise Market Timing This traders journey began with a strategic crypto investment in PEPE, which alone yielded a return of $60 million. The trader demonstrated a deep understanding of market trends and token potential by capitalizing on market timings and price fluctuations. Notably, the trader’s investment in PEPE resulted in a 1203% return in gains. Initially investing 2,434 ETH (valued at approximately $5 million) to acquire 3.97 trillion PEPE, the trader sold 125 billion PEPE for 350 ETH, or around $1.27 million, at peak prices. The remaining holdings in PEPE were valued at $56.43 million, according to data from Lookonchain. What a smart trader! In just 1 year, his portfolio grew from $23M to $65M, earning $42M! – Made $60M(+1203%) on $PEPE! – Made $5.8M(+288%) on $ONDO! – Made $1.85M(+72%) on $BEAM! 1/ Let’s dig into his trades. pic.twitter.com/ahSmmwsJIz Lookonchain (@lookonchain) May 24, 2024 In addition to PEPE, the trader diversified their crypto portfolio by investing in ONDO and BEAM, each offering different returns and market behaviors. The investment in ONDO resulted in a $5.8 million profit with 288% return on investment (ROI), showcasing effective diversification and asset selection strategies. While BEAM provided the least returns among the three, it still contributed positively to the trader’s portfolio. An initial investment led to a 72% ROI, which, although smaller relative to PEPE and ONDO, demonstrates the importance of portfolio diversification. It is worth noting that such diversification in crypto helps balance the risks and enhance the overall stability of investment returns across different market conditions in the crypto market. The 3 Crypto Tokens Performance Overview Among the three tokens the trader utilizes to secure substantial returns on investment, PEPE has emerged as the leading performer, followed by ONDO and BEAM. Recently, PEPE has achieved notable milestones, ascending to new all-time highs. Over the last week, the asset has experienced a surge of over 40%, and an additional 4% increase in the past day, reaching a new peak at $0.00001526. Despite this recent uptick, PEPE’s value has receded by 6.8% from its highest point, now trading at $0.0000144. Meanwhile, ONDO marked a new all-time high earlier today at $1.15 but has since retracted by 2.7%, with its current price at $1.12. This represents a substantial 15.8% increase within a single day, cementing a week-long upward trend that has seen the token’s price climb by nearly 20%. Related Reading: Ondo Finance Joins BlackRock Tokenized Fund As Inflows Surpass $160M BEAM, however, has shown more modest gains compared to the other two. Over the past day and week, it has recorded increases of 1.5% and 7.9%, respectively. Currently, BEAM is trading at $0.02736. Notably, this marks a significant drop of approximately 38% from its early May high of $0.04416, indicating less volatility and smaller gains than its counterparts. Featured image created with DALL·E, Chart from TradingView

View Details

PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In?

Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case.  Crypto Whales Buy 720 Billion PEPE Tokens On-chain analytics platform Lookonchain recently drew the crypto communitys attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasnt always made the smartest investment moves, having lost $6.1 million so far.  Related Reading: Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges.  However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH. Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coins price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin.  Still Has Enough Bullish Momentum To Go Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the mega meme cycle and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coins price.  Related Reading: How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coins ecosystem. PEPEs price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin.  Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPEs price will benefit from ETHs run when this happens. PEPEs price is known to have some correlation with Ethereums and will most likely enjoy a significant rally as Ethereums price picks up.  At the time of writing, PEPE is trading at around $0.00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap.  Chart from Tradingview.com

View Details

GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gills “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms, including an image and video, has ignited excitement among investors and triggered a renewed frenzy for GameStop’s meme stock and the emerging world of memecoins.  GameStop Memestock Frenzy The meme-stock phenomenon gained widespread attention in 2021 when cash-rich investors pumped up the stock market and bet against short-selling hedge funds.  Keith Gill’s “TheRoaringKitty” account and the subreddit WallStreetBets played a pivotal role in the meme stock frenzy, driving stocks like GameStop and AMC Entertainment to surge over 1,000% by the end of the same year.  While some early investors reaped rich returns, hedge funds such as Gabe Plotkin’s Melvin Capital Management suffered significant losses, leading to closures. Related Reading: Investment Firm Makes Bitcoin Its Strategic Reserve Impact On Price According to Bloomberg, short sellers betting against GameStop initially enjoyed gains in the year’s first four months. Still, the volatile nature of meme stocks quickly erased those paper gains. Per the report, skeptics were up an estimated $400 million from January to April before slipping into the red by Monday morning. The percentage of GameStop shares sold short relative to those available for trading has remained at approximately 24%, a relatively high level for a typical company but significantly lower than the 140% levels witnessed during the 2021 mania.  As GameStop’s shares gained momentum, the cost to bet against the company increased. Recent data from S3 indicates borrowing costs exceeding a 10% annual financing fee range. Roaring Kitty’s Ripple Effect Roaring Kitty’s influence extended beyond GameStop, as Wolverine-themed memecoins flooded various blockchains. In response to a social media post featuring a video of Marvel superhero Wolverine, more than 30 new tokens were launched on platforms like Ethereum and Solana, as data by Dextools shows.  Notably, the newly minted “Roaring Wolverine” token on the Ethereum blockchain experienced an astonishing 80% surge within hours of its release. Related Reading: Is The Bitcoin Bottom In? Analyst Reveals Key Price Levels To Watch Furthermore, the memecoin market has witnessed a notable resurgence, with tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Floki Inu (FLOKI), and Bonk Inu (BONK) recording significant gains, according to CoinGecko data.  For instance, PEPE, the market leader, surged by 15% in the past 24 hours, complementing its 20% uptrend over the previous week. It reached a new high of $0.00001077 during early Monday trading. Ultimately, GameStop’s meme stock resurgence, fueled by the return of Roaring Kitty, inflicted substantial losses on short sellers of the meme stock on Monday.  The impact of Roaring Kitty’s social media presence has extended to the memecoin market, with several Wolverine-themed tokens experiencing significant surges.  Featured image from Shutterstock, chart from TradingView.com

View Details

PEPE Price Breaks Ascending Triangle To Target Another 20% Crash

The PEPE price has taken a sudden bearish turn after breaking out of an Ascending Triangle pattern. In light of this breakout, a crypto analyst has predicted that PEPE could face a massive 20% price crash if it fails to hold above a critical resistance level.  Bears Threaten 20% Crash In PEPE Price PEPEs price action has swiftly reversed from bullish to bearish, marked by a negative Change of Character (CHoCH) following its breakout from an Ascending Triangle pattern. Notably, PEPEs CHoCH is highlighted where the price broke below previous support, indicating a significant structural shift to the bearish zone as buyers lose momentum.  Related Reading: PEPE Price Enters Oversold Levels On Daily Timeframe, Heres What Happened The Last Two Times According to pseudonymous TradingView analyst MyCryptoParadise, bears could seize control of PEPEs price as it approaches a crucial resistance zone at $0.000008. The analyst has suggested that if the meme coin fails to break above the resistance, it could result in a 20% crash to lower support levels.  The first minor support level at $0.0000065 is highlighted in the green line on the analysts price chart. Should bearish momentum persist, PEPE could drop further, trapping late buyers and extending its correction phase. The analyst has pinpointed a much deeper support zone at $0.0000055, serving as a crucial defense against a stronger price breakdown.  A major factor supporting PEPEs projected price crash is the alignment of its key resistance level with several bearish elements. The TradingView analysts price chart shows that PEPEs $0.000008 resistance coincides with a 200 Exponential Moving Average (EMA), which acts as a dynamic resistance. The 200 EMA is often a reliable indicator of long-term trend shifts, and its overlap with the resistance adds strength to the bearish outlook.  The resistance also coincides with a Fair Value Gap (FVG), a region where liquidity has been left untested, suggesting that price could be drawn back to fill this gap. Lastly, PEPEs critical resistance level intersects with a Fibonacci Golden Zone, a key retracement level where price reversals often occur, further signaling the potential for a downturn.  Potential Breakout Scenario While MyCryptoParadise projects a 20% correction for the PEPE price, which is currently trading at $0.00000698, he also shared a possible bullish scenario in which the meme coin surprises traders with an upward breakout. The TradingView analyst has projected that if PEPE manages to close a candle above the $0.000008 resistance, his bearish thesis could be completely invalidated. Related Reading: Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs In this case, the market should anticipate a continuation of the uptrend, with the next price target potentially reaching $0.0000085 and beyond. However, for bulls to break through this resistance level, strong volume and momentum are required. Given that Pepes price is still in the red, this bullish scenario seems like a less likely scenario for now. Featured image from Adobe Stock, chart from Tradingview.com

View Details

PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally

UniChartz recently pointed out on X that PEPE is respecting a rising trendline with remarkable consistency, highlighting strong underlying bullish strength. Multiple clean touches along the trendline show that buyers are firmly in control, stepping in at key moments to defend support levels. This pattern of repeated validation is a powerful technical signal, often seen in sustainable uptrends. The firm hold above the trendline suggests that market sentiment remains positive, with bulls maintaining momentum even during minor pullbacks. UniChartz emphasized that as long as PEPE continues to honor this rising support, the potential for further upside rises. A solid foundation like this often acts as a springboard for the next major rally. Key Support Holds Strong: Why This Trendline Matters According to UniChartz, PEPE’s price recently staged another strong rebound off its rising trendline, once again confirming it as a critical area of support. This bounce occurred just above a major horizontal support zone, reinforcing the idea that buyers are stepping in aggressively at key levels to defend the uptrend. Related Reading: PEPE Price To Bounce 796% To New All-Time Highs In 2025? Heres What The Chart Says Adding to the bullish setup, UniChartz noted that the MACD indicator is beginning to turn positive, signaling growing bullish momentum. The strengthening MACD crossover typically precedes larger upward moves, hinting that PEPE could be gearing up for another leg-up. At the moment, PEPE is closing in on a crucial test of the 100 EMA resistance. A clean and decisive breakout above the 100 EMA could serve as a major catalyst to the next key resistance area overhead. If momentum continues to build, PEPE might soon find itself charging into higher territory. Where PEPE Could Rally Next PEPEs current price action is setting the stage for a potential rally as it continues to respect key support levels, particularly its rising trendline. The immediate focus is on overcoming the 100 EMA, which has proven to be a major resistance in previous attempts. A successful breakout above this level could trigger a sharp upward move, pushing PEPE toward the $0.00001152 zone, a critical price point that has historically held as a major hurdle. Related Reading: PEPE Bulls Regain Control As Price Stays Above Moving Average If the bulls maintain their momentum and clear this initial resistance, the next key targets are the $0.00001313 and $0.00001731 levels. These zones, derived from past price action and Fibonacci retracements, represent significant obstacles that PEPE must overcome. Given the strengthening bullish indicators, such as the MACD and ongoing support from the rising trendline, PEPE appears well-positioned for a breakout. Surpassing these resistance levels would mark a significant shift, paving the way for more gains in the near term and confirming the continuation of the bullish trend. Featured image from Adobe Stock, chart from Tradingview.com

View Details

1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE

A strategic trader has made the most of his money after making over 1,000x profit with PEPE.  Despite the recent frog-themed token slump, the memecoin investor gained millions. Similarly, whales have continued accumulating PEPE while it resumes its upward trajectory. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Memecoin Trader Makes Millions According to Lookonchain data, a memecoin trader named James Wynn multiplied its PEPE investment by 1,503. Wynn bought the token in its earlier stages, acquiring 2.83 trillion PEPE for $8,524. When the token started gaining momentum, he sold over half his holdings, 1.81 trillion tokens, for $4.57 million. jwynn.eth(@JamesWynnReal) – A smart trader who made $12.8M(1,503x) on $PEPE. He also traded $BOBO and $ANDY recently, making another $818K! 1/ Lets dig into his trades. pic.twitter.com/2vOkjObVPr — Lookonchain (@lookonchain) April 24, 2024 After the frog-themed memecoin became a market sensation, the traders unrealized profits on his remaining bag exponentially increased. Currently, Wynn holds 1.02 trillion PEPE in three wallets worth $8.25 million. The traders total profits from PEPE total $12.8 million. However, if he had held onto his tokens, the gains would have exceeded $20 million. Per the blockchain research platform, Wynns feat doesnt end with PEPE. He has also made over $800,000 trading other memecoins over the week. He recently bought five tokens, two of which remain profitable: BOBO and ANDY. At the time of the report, the trader bought over 273.62 billion BOBO for $138.263, making a profit of $430,000. Similarly, he acquired 4.711 billion ANDY for $115.493, gaining over $338,000. Nonetheless, not all of Wynns trades resulted in success. According to the X post, the trader has a 45% success rate, gaining over $13.7 million with nine memecoins and losing around $350,000 on eleven tokens, including some rug pulls. Breakdown of the 20 tokens traded by Wynn. Source: Lookonchain Whales Go On PEPE Buying Spree As reported by NewsBTC, recent data showed that PEPEs price decline over the last month has reduced the number of addresses carrying gains. However, this has not stopped whales from accumulating the token. This week, a whale accumulated 211.6 billion PEPE from Binance, Gateio, and Uniswap. The address bought the tokens at an average of $0.000007291, spending $1.54 million. The buying spree turned profitable as, some hours later, the tokens price increased by 17%. According to Spot On Chain, the holdings worth surged to $1.72 million, making $173,000 in unrealized profits. Other reports suggest that whales have continued accumulating and taking profits from their PEPE holdings. However, the tokens market activity decreased by 22.1% in the last 24 hours, with a $1.2 billion daily trading volume. PEPEs market capitalization has also dropped 1.58%. Despite this, the token has regained its spot as the third largest memecoin by this metric, as dogwifhat (WIF) lost 13.88% of its market cap on the last day. Its worth noting that WIF flipped PEPE on March 28 after becoming the newest sensation in the crypto market. As of this writing, PEPE is changing hands for $0.000007821, representing an 11.4% drop in the monthly timeframe. Nonetheless, the token continues recovering, registering a 52.2% surge in the last seven days. Related Reading: FLOKI And BONK Drop 5% After Revolut Listing Announcement PEPE's recovery in the seven-day chart. Source: PEPEUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

View Details

PEPE Shows Strength With A Firm Grip Above This Key Support Zone

PEPE is flexing its technical strength after successfully flipping the key 50 Exponential Moving Average (EMA) into support, a move that has caught the attention of bullish traders. Following a solid close above this crucial level, the meme coin is now showing signs of sustained momentum, suggesting that bulls may be gearing up for the next upward move.  The price action reflects renewed confidence in PEPEs short-term structure, with buyers defending the breakout and positioning for further upside. As the broader market steadies, PEPEs resilience could mark the beginning of a fresh rally. PEPE Breakout Potential Grows With Structure Intact In a recent update shared on X, UniChartz highlighted that PEPE has successfully closed above the 50-day EMA, following a decisive reclaim of a key resistance zone that previously served as solid support. This move is a notable technical development, as it signals growing bullish momentum and hints at a possible trend reversal taking shape. Related Reading: PEPE Price To Bounce 796% To New All-Time Highs In 2025? Heres What The Chart Says The breakout above the 50 EMA is often viewed by traders as a shift in market sentiment, marking a transition from bearish pressure to potential upward continuation. With this zone now acting as support once again, PEPE appears to be regaining traction. If buyers continue to defend this level and volume increases, it could open the door for further upside in the near term. He also noted that the Relative Strength Index (RSI) is on the rise and currently hovers around the 63 mark, reflecting growing buying momentum but not yet overbought. This positioning suggests that buyers are gaining control, with room for more growth before any major correction pressure sets in.  In conclusion, he emphasized that if PEPE continues to hold above the recently reclaimed zone and maintains its position above the 50-day EMA, it will trigger a sustained upward move toward previous highs. This stable footing would likely reinforce bullish confidence in the market. Bullish Continuation On The Horizon PEPEs recent price action is sending strong signals that a bullish continuation may be taking shape. With the price holding firm above a key support zone and the 50 EMA acting as dynamic support, the meme coins future outlook seems promising. Momentum indicators like the RSI have risen, showing growing buyer interest without overextension. Related Reading: Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs If PEPE maintains its grip on the current support and buying volume picks up, the stage could be set for an upswing with a potential retest of the $0.00001152 resistance level. A decisive break above this barrier may open the door for further gains, with the next key target lying around $0.00001313. Featured image from Adobe Stock, chart from Tradingview.com

View Details

PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues

Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth. BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after [...]

The post PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues appeared first on Crypto Breaking News.

View Details

Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week

Worldcoin and its native token WLD have been taking the attention of crypto investors, according to recent data from Coingecko. The project recently announced its worldwide launch inviting users to “visit the orb” and receive rewards by onboarding the platform. Related Reading: Bitcoin Rally May Not Resume Until This Happens WLD has doubled its value from its launch on July 24th, when the cryptocurrency was trading at around $1. The token rose to $2.19 the following week and has been moving sideways since amid a surge in controversy from different angles. Worldcoin (WLD) Leads Crypto Tendencies In addition to WLD, Coingecko shows that Bitcoin (BTC), Unibot (UNIBOT), Chainlink (LINK), HarryPotterObamaSonic10Inu, and Pepe Coin (PEPE) have been trending along with other tokens. Bitcoin remains the leader on this chart despite the crash in the BTC.D chart. This metric gauges the percentage of the crypto total market cap comprised solely of Bitcoin’s market capitalization. Often, when the chart trends to the upside, altcoins, such as Worldcoin (WLD) and PEPE, experience a drop in their prices and vice versa. In that sense, WLD’s launch came at a favorable time for small tokens. The project has promised a reward for every user willing to scan their eyeballs with one of the devices scattered around different countries. Thus, sparking controversy about their practices from the crypto community and regulators, some of which are already looking into the project’s legitimacy. Via his Twitter (X) account, Adam Cochran wondered if the hype around WLD is organic or fabricated by a marketing strategy. Cochran wrote: So either Worldcoin, or some group of Orb operators are legit paying plants to stand in line at orbs both for videos and to create demand for the orbs. Got pinged by an old marketing firm friend who does field event marketing, who was asking if Worldcoin is legit. PEPE Leads Trends In The United States While WLD took over the global attention in the nascent sector, PEPE Coin is still the king of the top trending tokens in 2023. Research conducted by Marketplace Fairness indicates that the token has been trending across 23 of the 50 states in the U.S., including Florida, California, and Texas. Related Reading: UK Regulator To Enquire About Worldcoin, As WLD Declines By 17% One Day Post-Launch The cryptocurrency was launched a few months ago but has already garnered more interest than Cardano (ADA), XRP, Litecoin (LTC), Dogecoin, etc. Most of these tokens only trended in 2 of the 50 states in the U.S. in 2023.

View Details

PEPE Down 78% From May Peaks But Holder Count Rising

While PEPE is down 78% from its May 2023 peaks, token holders continue to rise. As of June 19, there are now 119,229 unique addresses holding the token, an increase from early June, Etherscan data shows.   The meme token is based on Pepe the Frog meme, created by Matt Furie in 2005.  Falling Prices, Rising [...]

The post PEPE Down 78% From May Peaks But Holder Count Rising appeared first on Crypto Breaking News.

View Details

PEPE Struggles Against Strong Resistance, Bearish Pressure Intensify

PEPE price is facing renewed bearish pressure as it struggles to break above the critical $0.00001152 resistance level. The recent failure to push higher has left the token consolidating, hinting at a possible downward move if buyers fail to regain control. With market sentiment tilting in favor of the bears, traders are bracing for what could be another wave of selling. If bulls cannot generate enough momentum, PEPE may slip further, testing lower support zones in the coming sessions. The battle between buyers and sellers at this level will be crucial in determining the tokens next major move. PEPE Consolidation Near Resistance: A Breakdown Or Rebound? Pepe’s price action remains trapped in a consolidation phase just below a crucial resistance level, indicating market indecision. Its recent failed breakout attempt highlights the strength of sellers in this zone, preventing bullish momentum from taking over. As the price struggles to push higher, the risk of a potential breakdown increases, especially if bearish pressure intensifies.  Related Reading: PEPE Recovery Hits A Wall: Can Bulls Smash Through $0.00001313? The price continues to trade below the 4-hour Simple Moving Average (SMA), reflecting that the meme coin is still under negative pressure. This price action suggests that the market sentiment remains tilted toward the downside, as the failure to break above the SMA highlights a lack of buying strength. Furthermore, the Relative Strength Index (RSI) is trending below the 50% threshold, further supporting the bearish outlook. Usually, the RSI’s position below this key level indicates that the selling pressure is currently stronger than the buying, with the market leaning more toward the downside. Further downward movement remains high until the price can break through the 4-hour SMA and the RSI sustains a move below the 50% key level. Crucial Support Zones In Focus As Selling Pressure Rises With selling pressure mounting in the market, $0.00000766 is the initial support level to watch. Historically, this level has proven to be a critical price point, acting as a psychological and technical barrier. If the price can maintain above this level, it could signal that buyers are still holding the line, offering a potential for stabilization or even a rebound. Related Reading: PEPE Marks Bottom After Scary Market Crash, Enters Wave 3 With Over 500% Promise Should selling pressure persist, the $0.00000589 mark will be the next key area to watch. This support level represents a deeper point of defense for PEPE, and its ability to hold might be crucial for preventing a more significant downturn. A drop below $0.00000589 would be concerning, as it can expose the price to a possible extension of the bearish trend, causing traders to reevaluate their positions. However, if the price remains above the $0.00000766 level, it may pave the way for a surge toward the $0.00001152 resistance level as buyers remain in control. A break above this level points to further gains, with the price targeting $0.00001313 and moving above the 100-day SMA. Featured image from Adobe Stock, chart from Tradingview.com

View Details

PEPE Ready To Make A Comeback? On-chain Indicators Have The Answer

The PEPE meme coin has seemingly faded into the shadow as new and exciting meme coins make it to the fore. This can be attributed to the likes of BONK and other Solana ecosystem meme coins that have taken the attention away from the Ethereum ecosystem. However, as excitement around these new meme coins begins to wane, expectations fall back to the leaders of the market, one of which is PEPE, who could be getting ready to make a comeback. What On-Chain Indicators Say About PEPE On-chain indicators are one way to know if investor interest is turning toward a particular cryptocurrency, in this case, PEPE. These indicators include things like Weighted Sentiment, Transactions Volumes, New Holders, etc. In this case, the focus is on the Weighted Sentiment, which measures sentiment across social media platforms to figure out how crypto investors are viewing a coin. Related Reading: Crypto Analyst Says ADA Price Will Rise To $8, Heres When This indicator can be useful, especially in times like these when there are no clear indicators of where the price of a coin could be headed next. So, by checking what investors are saying about PEPE on social media platforms such as X (formerly Twitter), one can get a good idea of where the price may be headed next. According to the Weighted Sentiment by the on-chain analytics tracker Santiment, PEPE is looking quite bullish. The indicator takes into account the mentions of PEPE on social media platforms over the past week, and it shows that there has been a significant uptick in the positive sentiment that is associated with the meme coin.     Source: Santiment While it is not the highest that the indicator has been since the year began, it is still sitting at a considerably high level, suggesting a turn in the average sentiment. This also coincides with a drastic rise in the holdings of the largest PEPE whales, showing a willingness to accumulate at the current levels. Daily Trading Volume Sees A Significant Jump The Weighted Sentiment is not the only PEPE metric that has seen a significant increase lately. In the same vein, the daily trading volume for the meme coin has been on the rise as well. As data from CoinMarketCap shows, the meme coins volume is up approximately 62% in the last day, bringing it to $89.8 million at the time of writing. Related Reading: Bitcoin To $45,000 Or $30,000? Analyst Reveals Key Factor That Will Drive The Decision Such a rise in volume can either point to buying or selling, but seeing that the PEPE price has managed to hold steady over this time period, it suggests that there is more buying than selling. Given this, it could point to bulls finally establishing support and marking $0.0000009 as a buy level.  If this general bullish sentiment continues, then the meme coin could be looking toward a recovery to $0.000001, which would translate to a 10% move from here. Due to its decline over the last month, PEPE has lost its position as the third-largest meme coin in the space. It is currently sitting at fifth position behind the likes of BONK and CorgiAI. Token price falls to $0.000000896 | Source: PEPEUSDT on Tradingview.com Featured image from ABP Live, chart from Tradingview.com

View Details