News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
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>.
The long-short account ratio for BTC contracts is 2.21.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.21, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.092; compared with the same-caliber snapshot 7 days ago, it rose by 0.4602.
Trump and Putin reach an agreement, Russian diesel tankers head to New York.
Crypto news outlet CoinWorld reports, according to Fox Business, Russian diesel tankers are heading to New York, and the agreement reached between Trump and Putin aims to lower fuel prices.
Trump calls on voters to check the books, saying some retirement accounts have seen gains of up to 80%.
According to CoinWorld news, Trump called on voters at a rally in Perry, Georgia, to check their 401(k) retirement accounts, claiming that some retirement accounts had risen by as much as 80%. He said, "Nobody has ever seen anything like this." At the same time, Trump also criticized former President Biden, saying that retirement savings fell by 25% during Biden's administration.
A whale added 9.21 million USDC, lowering the liquidation price of the ETH long position to $2,181.
According to CoinWorld news, at 11 p.m. last night, the price of ETH fell to a low of $2,282, and a giant whale with an oversized long ETH position was just $30 away from liquidation. To avoid liquidation, the whale added $9.21 million in USDC margin in the early hours of the morning, lowering the liquidation price of the long ETH position from $2,256 to $2,181, temporarily escaping liquidation risk. Currently, the whale holds long positions in BTC and ETH worth approximately $396.5 million, including 115,473 ETH (about $272.1 million) with a liquidation price of $2,181, and 1,539.5 BTC (about $124.4 million) with a liquidation price of $70,396.
Trump responds to criticism over high gas prices: I don't care, the US is making a fortune.
CoinWorld news: U.S. President Trump, speaking about high oil prices, said, "We're making money like never before. I can imagine how the fake news headlines will spin it—they'll say, 'President Trump is bragging about how much money they're making while people are suffering at the gas pump.' I don't care. We're making a fortune." Trump also said that when the war ends, oil prices will drop significantly.
The most recent funding rate for the SOL perpetual contract is 0.007915%.
CoinWorld data: The most recent funding rate for the SOLUSDT perpetual contract is 0.007915%, with longs paying shorts. Compared with the same-metric snapshot 24 hours ago, it rose by 0.0056 percentage points; compared with the same-metric snapshot 7 days ago, it rose by 0.0104 percentage points.
The most recent funding rate for the ETH perpetual contract is 0.004658%.
CoinWorld data: The most recent funding rate for the ETHUSDT perpetual contract is 0.004658%, with longs paying shorts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0029 percentage points; compared with the same-caliber snapshot 7 days ago, it rose by 0.0005 percentage points.
Market news: Russia's Belgorod region hit by large-scale Ukrainian drone attack
CoinWorld news, market reports: Russia's Belgorod region has been hit by a large-scale Ukrainian drone attack, targeting a shopping mall covering 163,000 square meters.
The Bitcoin Fear and Greed Index is at 54, placing it in the neutral range.
CoinWorld data: The Bitcoin Fear and Greed Index latest reading is 54 (Neutral), previous value 51, an increase of 3 points from the previous value.