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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>.
According to IRNA: Multiple areas of Kish Island in Iran have experienced continuous power outages since last night.
According to IRNA: Multiple areas on Kish Island in Iran have experienced continuous power outages since last night. It was reported that the outages were caused by a technical failure at a power plant on the island. As a result, some local schools have announced class suspensions.
Binance will launch pre-market trading for Predict perpetual contracts.
Binance announces it will launch pre-market trading for Predict perpetual contracts.
Iranian Foreign Minister Araghchi: If the enemy had even a shred of reason left, it would not launch an attack.
According to CoinWorld news, Iranian Foreign Minister Araghchi: If the enemy still has a shred of reason left, it will not launch an attack.
Intercepted and destroyed a cruise missile launched by the Houthis toward Khamis Mushait.
Saudi-led coalition says it intercepted and destroyed a Houthi cruise missile fired toward Khamis Mushait.
The put/call ratio for index options reported 1.1.
CoinWorld US stock data: The index options Put/Call ratio is 1.1, with put option trading volume higher than call option volume for the day. Compared with the same-caliber snapshot 24 hours earlier, it is flat; compared with the same-caliber snapshot 7 days earlier, it is up 0.05.
The total Put/Call ratio for US stock options reported 0.93.
CoinWorld US stock data: The total Put/Call ratio for US stock options is 0.93, with call option trading volume higher than put option volume on the day. Compared with the same-caliber snapshot 24 hours ago, it is flat; compared with the same-caliber snapshot 7 days ago, it is up 0.01.
Ukrainian Air Force: Russia attacked multiple regions of Ukraine with 153 drones.
CoinWorld news, Ukrainian Air Force: Last night, Russia attacked multiple locations across Ukraine with 153 drones, of which 119 were shot down.
Iran will advance gas negotiations with GECF member states at the Moscow summit.
According to a report from Bijie Network, Iran's Acting Oil Minister Hamid Bovard stated that Iran will advance closer natural gas cooperation with Russia and other member states at the Gas Exporting Countries Forum (GECF) summit held in Moscow, focusing on oil and gas field development, gas swaps, and coordination of export policies. Speaking on Sunday before departing for Moscow to attend the Eighth GECF Summit of Heads of State and Government, Bovard said that Iran will present its position at the meeting and hold bilateral talks with relevant ministers to discuss cooperation matters. He stated that participants should discuss issues such as protecting energy infrastructure during wartime, expanding gas swaps, exploring the establishment of a common market, and coordinating international export policies. Bovard added that Iran maintains good relations with Russian energy companies, has signed oil and gas field development contracts with them, and is negotiating gas swaps.
Tether froze 9 addresses linked to the CoinDCX security incident, involving 2.2129 million USDT.
According to CoinWorld news, Tether has blacklisted 9 addresses related to the CoinDCX security incident, freezing 2.2129 million USDT. The investigation began with an anomalous transfer of approximately 15.99 million USDT discovered by investigator Darcy. CoinDCX co-founder Sumit Gupta initially claimed that no security breach had occurred. Subsequently, Salus raised questions based on the transfer activity of proof-of-reserve addresses and the TRX distribution pattern, prompting the relevant parties to provide verifiable on-chain evidence, which assisted Tether in taking action.