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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>.
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.
Gold prices fell below $4,000, and Shenzhen Shuibei saw a surge of foot traffic.
According to a report from Bijie Network, on Friday U.S. Eastern Time, the spot gold price fell below the $4,000 per ounce mark. By market close, spot gold settled down 0.72% at $3,995.63 per ounce. On October 24, the prices of pure gold jewelry from multiple domestic brands were lowered, down 6 yuan per gram from the previous day, with mainstream brands' pure gold jewelry quotations concentrated around 1,200 yuan per gram. Compared with a month ago, the per-gram price of gold jewelry has cumulatively fallen by about 100 yuan. The gold price decline coincided with the weekend, and the Shenzhen Shuibei market saw booming foot traffic, with netizens posting one after another that "there are more people buying gold than in the vegetable market." Wang Jun, chief expert at Greenland Dahua Futures, analyzed that the reasons for the recent decline in international gold prices include high oil prices, rising expectations of Federal Reserve rate hikes, and tightening global liquidity. International gold prices are expected to remain under pressure in late October and early November.
BTC saw a net capital outflow of 1,188.1665 BTC over the past 24 hours.
BiJie.com data: BTC saw inflows of 6,720.2701 BTC and outflows of 7,908.4366 BTC over the past 24 hours, for a net outflow of 1,188.1665 BTC. This figure comes from the rolling 24-hour calculation of the same BTC fund distribution interface, with the net amount calculated as inflows minus outflows. It does not represent net exchange inflows, on-chain exchange flows, or institutional fund flows, and should not be mixed with deposit/withdrawal data from any single exchange. Compared with the same-calculation snapshot 24 hours ago, it is down 632.54%; compared with the same-calculation snapshot 7 days ago, it is down 50.48%.
Trump announces Audi will invest in Georgia.
According to CoinWorld news, U.S. President Trump announced that Audi will make an investment in Georgia.
Jensen Huang: Kazakhstan will become Europe's AI computing hub.
According to CoinWorld news, Jensen Huang stated that Kazakhstan will become the AI computing hub for all of Europe.