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More →Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn’t been healthy and might be followed by a pullback. PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after <a href="https://cryptopotato.com/memecore-m-flips-pepe-pepe-after-pumping-25-in-a-day-details/" rel="nofollow" target="_blank">posting</a> a significant price increase. <a href="https://x.com/TokenTalk3x/status/2112826521102721179" rel="nofollow" target="_blank">According</a> to Token Talk, PEPE’s bulls have “one job right now”: push the token’s market cap above $2.21 billion. “The daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,” the analyst added. X user Sjuul | AltCryptoGems also <a href="https://x.com/AltCryptoGems/status/2113248262987870219" rel="nofollow" target="_blank">issued</a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of “relative strength.” He believes buyers must now hold that flipped support/resistance level to trigger an additional potential pump. For his part, Crypto With Gopal <a href="https://x.com/cryptowithgopal/status/2113563112704192922" rel="nofollow" target="_blank">claimed</a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building. Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn’t be a surprise. The token’s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94. PEPE’s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure. The post <a href="https://cryptopotato.com/pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way/" rel="nofollow" target="_blank">Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow" target="_blank">CryptoPotato</a>.
Cloudflare CEO: AI agent traffic could reach 1,000 times human traffic within five years
Benzinga reports that Cloudflare CEO Matthew Prince predicts AI agent traffic could reach 1,000 times human traffic within five years. He said this surge could force websites to adopt micropayments and rethink how online advertising works.
The probability of the Fed keeping interest rates unchanged in October is 90.6%.
According to CoinWorld news, the CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged by October is 90.6%, and the probability of a cumulative 25 basis point rate hike is 9.4%. By December, the probability of keeping interest rates unchanged is 25.8%, the probability of a cumulative 25 basis point rate hike is 67.5%, and the probability of a cumulative 50 basis point rate hike is 6.7%.
AI buildout hits turbulence as Neoclouds come under pressure, Solidigm pulls IPO
According to CoinWorld news, CNBC reported that the AI buildout is encountering turbulence, Neoclouds are facing pressure, credit risks are intensifying, and Solidigm has withdrawn its IPO application.
Netanyahu: Has ordered the formulation of a plan to counter international sanctions, considering the use of blockchain to circumvent banking sanctions.
Israeli Prime Minister Netanyahu said on October 23 that he has ordered preparations for international economic and financial sanctions that Israel may face, and called for the development of an alternative economic system to circumvent banking sanctions through blockchain and cryptocurrency networks.
706 BTC transferred to an unknown wallet, worth approximately $57.4736 million.
According to data from Bijie.com: Whale Alert monitoring shows that 706 BTC was just transferred to an unknown wallet, valued at approximately $57.4736 million at current prices.
The probability of the Fed keeping interest rates unchanged in October is 90.6%.
CoinWorld data: The CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged by October is 90.6%, and the probability of a cumulative 25 basis point rate hike is 9.4%. By December, the probability of keeping interest rates unchanged is 25.8%, the probability of a cumulative 25 basis point rate hike is 67.5%, and the probability of a cumulative 50 basis point rate hike is 6.7%.
The 4-hour trading volume ratio of ETH contracts to spot is 9.86.
CoinWorld data: Over the most recent 4 complete hours, ETHUSDT perpetual contract trading volume was 9.86 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 0.1059; compared with the same-caliber snapshot 7 days earlier, it fell by 8.4683.
Israeli Prime Minister: Prepare for international sanctions
According to a CoinWorld report, Israeli Prime Minister Netanyahu said on October 23 that he has ordered preparations for international economic and financial sanctions that Israel may face. However, domestic public opinion believes that his related proposals cannot solve the problem of the country's economic isolation under sanctions. In an interview with Israel's Channel 10 television, Netanyahu mentioned that he has requested the formulation of relevant plans to prepare an "alternative economic system" capable of "bypassing sanctions," and may use blockchain and cryptocurrency networks to evade them.
The 4-hour trading volume ratio of BTC contracts to spot is 9.47.
CoinWorld data: Over the most recent 4 complete hours, BTCUSDT perpetual contract trading volume was 9.47 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 0.4193; compared with the same-caliber snapshot 7 days earlier, it fell by 1.8476.