When meme coins meet
The Federal Reserve's sickle
PEPE's line of life and death
Just tonight!
News front
Coinbase perpetual contracts online aftershocks
Although a week has passed, the liquidity of PEPE perpetual contracts is still rising, with short positions increasing by 35%. Large holders are betting on a short-term decline, beware of a chain reaction of sell-offs.
Giant whale's unusual movement in the early morning
On-chain monitoring shows that a dormant whale address that has been inactive for 3 months suddenly transferred 1.9 trillion PEPE to Binance. Historically, the average decline in the 24 hours after operations from this address has been 12%, signaling danger!
The Federal Reserve's decision tonight determines life or death
At 2 AM Beijing time, the Federal Reserve's interest rate decision will be made. If hawkish, altcoins will face a collective bloodbath. Meme coins, as 'high-risk ammunition', will be the first to be hit, with PEPE's liquidity being thin and easily targeted.
Technical perspective
Bollinger Bands: Price is being suppressed by the middle band (0.00001120), resulting in a 'surrender posture'; a volume breakout is needed for reversal.
MACD death cross: Green bars continue to lengthen, bearish momentum is not exhausted, short-term target looks at the previous low of 0.00000758.
Critical level: 0.00001050 is the battleground for bulls and bears; breaking this level will trigger panic selling.
