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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>.
Russian drone attack kills 3 and injures 8.
Cointime news: The governor of Ukraine's Dnipropetrovsk region said that a Russian drone attack killed 3 people and injured 8 others.
The ballistic missiles launched by the Houthi armed forces toward the Mecca and Medina regions were intercepted.
Saudi Civil Defense: Houthi ballistic missiles fired at the Mecca and Medina regions were intercepted, and debris from the interceptions fell to the ground.
OpenAI seeks $30 billion in funding, with valuation lowered to $1.25 trillion.
CoinWorld news, according to Benzinga, OpenAI is seeking $30 billion in financing at a valuation reduced to $1.25 trillion, with investor sentiment subdued. A relevant person said, "The response this time has been somewhat lukewarm."
$meta CFO: 2026 capital expenditure guidance adjusted to $135 billion to $145 billion
According to CoinWorld news, $meta's CFO stated that the 2026 capital expenditure guidance range has been narrowed to $135 billion to $145 billion, emphasizing the exceptionally high investment intensity as AI infrastructure expands. The previous expectation was $130 billion to $145 billion.
Pump.fun app integrates with Monad, enabling direct on-chain token purchases with USDC.
Pump.fun app has integrated Monad, allowing users to directly use their USDC balance to purchase tokens on the Monad chain without the need for manual cross-chain bridging or switching wallets.
CZ: AI agents will abandon credit cards and turn to crypto payments.
According to CoinWorld news, CZ predicts that AI agents will abandon credit cards and switch to cryptocurrency for payments, with transaction volumes potentially surging a millionfold. He stated that the ideal payment method is "digitally native currency, namely cryptocurrency."
Hyperliquid: Cryptocurrency long positions increased significantly
According to CoinWorld news, Joao Wedson stated that over the past few days, long positions in $BTC, $ETH, $SOL, $HYPE, and various other cryptocurrencies have increased significantly. Hyperliquid's long/short ratio has reached an all-time high, which could prevent the market from continuing to rise.
The total market capitalization of the crypto market stands at $2.69 trillion.
CoinWorld data: The total market capitalization of the crypto market is $2.69 trillion, with a 24-hour trading volume of $63.334 billion.
The most recent funding rate for the SOL perpetual contract is -0.004762%.
Bijie.com data: The most recent funding rate for the SOLUSDT perpetual contract is -0.004762%, with shorts paying longs. Compared with the same-caliber snapshot 24 hours ago, it has decreased by 0.0148 percentage points; compared with the same-caliber snapshot 7 days ago, it has decreased by 0.0014 percentage points.