The market is still very sensitive to news. Last night, crude oil opened high but fell, dropping by 10%. This decline indicates that the impact of the war is quickly dissipating. Global stock markets also rebounded yesterday, with Bitcoin reaching a high of 109,000.
Late at night, the news suddenly changed, and the situation in the Middle East became tense again with a single statement from Trump. Crude oil surged again, and U.S. stocks plummeted after hours. Capital is the smartest, and news travels fast. Besides the situation in the Middle East, there are a lot of news events this week, and recent volatility has been significant, so everyone should be cautious about risks.
Currently, Pepe's market is still in a triangular convergence zone. It touched the lower trend line of the daily ascending channel this morning and stopped falling, which is a short-term buying point. It is expected that there will be a change in direction within this week, so patience is needed.
There is also a big news today; X banned the pumpfun platform account this morning, and it is estimated that the upcoming token issuance might be in jeopardy. If the token issuance is delayed, it could be a positive development. This tumor is truly a vampire-like presence for Sol and the secondary market, and funds should return.