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📊 Today's Major Market Movements:
1. Sharp Upward Momentum: $PEPE
- Today's Trading Volume: Jumped to $6.8 billion compared to $700 million last week.
- Positive Chart Pattern: Formation of a Rounding Bottom on the 8-hour chart, indicating a potential breakout resistance at $0.000014.
2. Conflicting Technical Signals:
- Moving Averages: "Strong Buy" signal (9 buy signals vs 3 sell signals).
- RSI Indicator: At 58.284 (neutral zone), but the Stochastic RSI at 16.871 (oversold) warns of a short-term buy.
- Critical Resistance: $0.000014... Breaking it opens the door to $0.000015-$0.000016.
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- Optimistic Scenario: With Bitcoin's resurgence, PEPE could reach $0.000016 by the end of July.
- Conservative Scenario: Without supportive news, it could retreat to $0.000012 (major support).
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In conclusion: Is PEPE just a "meme" or a real investment?
> 📣 Share your opinion:
> In your opinion, is PEPE's jump today the start of a new upward wave... or a bubble about to burst?
#StablecoinLaw
