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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>.
US high-yield bond option-adjusted spread stands at 340 basis points.
Coin World US stock market data: The latest daily reading of the US high-yield bond option-adjusted spread is 340 basis points. Compared with the same-caliber snapshot 24 hours earlier, it is unchanged.
BTC liquidations totaled $157 million in the past 24 hours.
CoinWorld data: BTC liquidations over the past 24 hours totaled approximately $157 million, with 5,228 liquidation orders recorded. This is up 354.81% compared with the same-metric snapshot 24 hours ago, and up 334.52% compared with the same-metric snapshot 7 days ago.
The long-to-short account ratio for BTC contracts is 2.23.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.23, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.15; compared with the same-caliber snapshot 7 days ago, it rose by 0.5469.
Ethereum has fallen below $2,300, and Solana has dropped below $100.
According to data from BiJie.com: Ethereum's price recently fell below $2,300 for the first time in two months, and Solana also dropped below $100. Today, Ethereum fell 3.7% and Solana fell 3.4%, both exceeding Bitcoin's 2% decline. Over the past month, both have fallen by about 14%. Bitcoin's price also dropped to its lowest point since September 18. In addition, U.S. spot Ethereum ETFs saw net outflows of $485 million between October 14 and 22.
Achieve one's own goals by arranging the order of the two.
According to CoinWorld news, Nourabadi, Director General of the Parliamentary and Legal Affairs Department of Iran's Ministry of Foreign Affairs: The United States is trying to create a situation in which war and negotiations are set in opposition to each other, achieving its own goals by arranging the order in which the two occur.
The White House: President Trump is cracking down on fraud across the board.
CoinWorld news, the White House: President Trump is cracking down on fraud across the board.
Bitcoin fell $1,500 in two hours, hitting a five-week low.
CoinWorld data: According to bitcoin archive, Bitcoin fell $1,500 within two hours, with its price hitting the lowest level in five weeks. In the past 12 hours, a total of $160 million in long leveraged positions were liquidated.
The U.S. 10-year breakeven inflation rate is reported at 2.34%.
CoinWorld US stock market data: The latest daily reading of the US 10-year breakeven inflation rate is 2.34%. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.02 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.01 percentage points.
Iran Free Trade Zone official: Facilitated import measures for industrial raw materials have been introduced, allowing required raw materials to be imported through the simplest customs procedures, with cargo clearance taking at most one week to ten days.
CoinWorld news, the head of Iran's free trade zone: measures to facilitate the import of industrial raw materials have been introduced, allowing the import of needed raw materials through the most simplified customs procedures, with cargo clearance taking at most one week to ten days.