As #Pepe trades between key Fibonacci levels, on-chain whale activity hints at profit-taking. Is a drop to $0.000010 imminent?
As meme coins struggle to rebound in the altcoin rally, Pepe faces a sharp downside risk. The frog-themed meme coin’s technical outlook indicates a potential pullback as bullish momentum fades.
PEPE Price Analysis
On the daily chart, PEPE shows a bullish breakout from a triangle pattern, reaching a high of $0.00001550. However, it is now consolidating between the 50% and 61.80% Fibonacci retracement levels, at $0.00001227 and $0.00001470, respectively.
The overall trend has resulted in a golden cross between the 50-day and 200-day EMA lines, signaling a trend reversal. Amid the short-term consolidation, the MACD line has dropped under its signal line, triggering a bearish crossover. This suggests a significant loss in bullish momentum, with increasing bearish histogram bars.
As a result, the technical indicators point to a potential pullback toward the 50% Fibonacci level at $0.00001227. However, given the overall weakness in the meme coin segment, the correction could extend to the 200-day EMA near the $0.000010 level.
On the upside, a recovery above the 61.80% Fibonacci level could open the path toward the 78.60% level at $0.00001903.
Pepe Whales Booking Profit?
With Pepe at risk of a potential pullback, the number of large transactions has surged over the past month. According to IntoTheBlock data, whale transactions hit a 7-day high of 587 on May 23. As of the last 24 hours, the data recorded 267 transactions from whales.
The increased number of large transactions with a volume of more than $100,000 relates to heightened whale activity.
This trend is often associated with profit-taking and may suggest a local cycle top, similar to what was observed during the November 2024 rally.
Therefore, the recent spike in whale transactions following a short-term price surge raises the risk of a potential bearish reversal.
#CryptoNewsFlash
DOGE Sees $1.4B Volume Amid 3.5% Drop, Futures Open Interest Hits $2.67B With 70% Longs
Dogecoin (DOGE) is currently trading at approximately $0.21924 with a 24-hour trading volume between $1.21 billion and $1.4 billion, a market capitalization near $33 billion, and a 24-hour price decline of 3.48% based on Binance data. The recent price drop is attributed to profit-taking following a period of strong upward movement and heightened trading activity, as well as broader market corrections observed after Bitcoin’s recovery above $110,000. Despite the pullback, technical indicators remain neutral to bullish, with open interest in DOGEUSDT perpetual futures reaching $2.67 billion and over 70% of traders holding long positions, reflecting ongoing optimism and high engagement among market participants.
In web3, many metrics don't translate directly to valuation. That's why people are often surprised by disconnects - e.g. high payment volume, low TVL, low FDV
In the traditional web2 model, being an intermediary can be very profitable. In addition to the take from facilitating asset swap, they are paid for providing convenience/safety or by monetizing customer data/relationship
In web3, chains are paid minimum gas fees. Their valuations are derived from the value of the assets at work. Being an exceptional medium of transfer/exchange gets customers through the door. But it's the secondary offerings that keep the customers, and their assets, active on chain
Bridge flows always tell the real story.
In the last 24 hours, $ETH led with strong net inflows, followed by Polygon, OP Mainnet, and Hyperliquid.
On the flip side, Unichain, Base, and StarkNet saw the largest outflows. Money moves where confidence lives and right now, that confidence is flowing back into ETH and its closest challengers.
Conduit raises $36M in a Series A funding round
#Conduit secures $36M in a Series A funding round co-led by Dragonfly and Altos Ventures, with participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, Helios Digital Ventures, and Portage Ventures.
Conduit is a financial technology platform that streamlines international business payments by offering faster, more affordable, and transparent cross-border transactions.
👉 x.com/ConduitPay/status/1927734814343385303
Kemarin gw baru aja makan siang sama the legend @bizyugo
As usual I’m looking for his advice / alpha, dan dia bilang sejauh ini belom ada upcoming launch yang sebagus @HyperliquidX
Dan biasanya di tiap cycle, hanya ada 1-2 project aja yang bisa jadi jackpot. Karakteristiknya:
1. Good project, makes revenue. Bisa ngga ini jadi product market fit
2. Fair launch, fair tokenomics, and community first. The only way to get token before launch is to use the product itself.
3. No VC, jadi fdv mcap nya pas launch itu fair bisa naik, gak dilluted tiba2 launch uda $1b fdv gara2 divalue sama VC. Jadi even kalian beli pas mereka launch pun masih terhitung early
Prev cycle ada $YFI, dia ride dr airdrop sampe 50k, this cycle ada $AERO dan juga $HYPE yang dia juga ride dari sejak airdrop.
So the challenge right now will be, apakah kalian bisa cukup sabar di peak sampai bear market nanti? Tetap locked in di winter to find the next alpha? Karena lu hanya butuh 1-2 project aja di tiap cycle untuk bisa bikin networth lu loncat jauh.
Hats off buat @bizyugo ! Satu2nya orang yang gw kenal in-person yang starts from literally 0 sampai dia punya networth 9figs USD, tanpa pernah jadi KOL atau ngejual apapun. Ilmu DeFi nya second to none.
Kalau ada yang bilang 'undang podcast dong', Percayalah, gw masih mencoba membujuk dia untuk mau on-cam 🤣🤣
Tapi tenang aja, gw orangnya pantang menyerah kok.
🧠 MEMECOIN MARKET COOLDOWN? 📉
We just saw a -5.59% drop across the memecoin sector, with top names like $BONK , FARTCOIN, PENGU & $WIF leading the losses. Is this a dip to buy or the start of a deeper correction? 🤔
Here’s the TL;DR 🧵👇
🔻 Liquidity is flowing out of altcoins into Bitcoin, which is still holding above $100K. The Altcoin Index is sitting at 26 – low liquidity = weak moves.
💸 Memecoins pumped 17.6% last month, now they’re nearly flat – just a +2% gain in the past 7 days (mostly in the last 24h).
📊 Quick token breakdown:
• $BONK – Sitting on an ascending support. Could bounce again 📈… or break down to $0.00001405 📉
• FARTCOIN – Bullish fractal forming. If support holds, next HH (higher high) coming?
• PENGU – Consolidating in a triangle. Weak volume = no breakout yet
• WIF – Might rally short-term, but BBs show a possible 41% drop coming if resistance holds 🚨
👉 TL;DR: Memecoins ain’t dead, but the smart money is cautious rn. Watch key levels. Volume is king. Don't ape without a plan.
DYOR & stay sharp fam 🧠⚡️