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#Pepe jumps 10% as the price reclaims the 50% Fibonacci level. With EMAs hinting at a golden cross and rising derivatives inflows, a breakout toward $0.000015 is possible.
As meme coins gradually gain momentum, Pepe is up nearly 10% over the past 24 hours. With the uptrend strengthening, can Pepe reclaim the $0.000015 psychological level? Let’s find out.
Pepe Price Analysis
On the daily timeframe, Pepe faced resistance at the 61.8% Fibonacci level near $0.00001470 due to strong selling pressure. The decline tested the 200-day EMA, forming a long-tailed doji candle at $0.00001107 on Saturday, May 31.
Since then, the memecoin has reversed its course, forming four consecutive bullish candles and reclaiming the 50% Fibonacci level at $0.00001227. With this short-term recovery, Pepe is attempting to regain a key support level amid increasing momentum.
Additionally, this recovery supports the formation of a golden cross between the 50-day and 200-day EMA lines, while the rising 100-day and 200-day EMAs hint at a potential bullish crossover.
Despite these bullish signals, the daily RSI line, currently at 51, shows a downward trend as it hovers near the midline. However, with Pepe maintaining a position above the 50% Fibonacci level, the RSI could soon rise above the midpoint, signaling growing bullish strength.
According to the Fibonacci retracement levels, immediate resistance for Pepe lies at $0.00001470, followed by the 78.6% Fibonacci level at $0.00001903. On the downside, key support remains at the 200-day EMA ($0.00001107), followed by the psychological level at $0.000010.
Optimism Builds in Pepe Derivatives
Over the past 24 hours, optimism in the Pepe derivatives market has increased significantly. Open interest (OI) is up 6.47% to $537.96 million. Additionally, the OI-weighted funding rate has turned positive, currently at 0.0095%.
This derivatives data indicates growing bullish sentiment, supported by a spike in short liquidations, which suggests bearish traders are being squeezed out..
#CryptoNewsCommunity
ENA Surges 10% as Coinbase Roadmap Listing Sparks 91% Volume Jump and Bullish Momentum
Ethena (ENA) is currently trading at $0.3432 with a 24-hour trading volume of approximately $261.8 million and a market capitalization near $2.0 billion, reflecting a 10.35% price increase over the last 24 hours. The recent price surge is primarily attributed to the announcement of ENA being added to Coinbase's listing roadmap, which significantly boosted trading activity and investor interest, as evidenced by an 8.6% price spike and a 91.7% increase in trading volume following the news. Additionally, the unlocking of 41 million ENA tokens on June 2, 2025, had minimal negative impact on price stability, and the market has shown resilience ahead of a larger scheduled token unlock. Technical indicators point to short-term bullish momentum, supported by increased open interest in ENA futures and strong trading activity following these developments.
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🚀 $ETH /USDT – Bullish Surge Toward Resistance!
Current Price: $2,649.90 (+4.65%)
📊 Market Structure:
$ETH just pushed through the $2,630 zone with a strong bullish candle on the 1H chart. Buyers are in control as price nears the 24H high and prepares to challenge key resistance.
📌 Key Resistance: $2,655
📌 Immediate Support: $2,620
🎯 Trade Setup:
Entry Zone: $2,630 – $2,650
TP1: $2,680
TP2: $2,730
TP3: $2,800
Stop Loss: $2,595
💡 Pro Tip:
Watch for a confirmed breakout above $2,655 with volume. For safer entries, consider a pullback to $2,625–$2,630 with clear trend continuation.
🔥 ETH is heating up—next leg could target $2,700+ if this momentum holds! ⚡📈
$ETH
{spot}(ETHUSDT)
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Polkadot is Dead?
In recent days, Polkadot investors have been watching in horror as the charts show an ominous sign: a classic descending triangle pattern, historically known for signaling massive drops.
The current price action around 4.18, after failing to hold the 4.20 peak, is showing a series of lower highs and a flat support zone—a textbook recipe for a catastrophic breakdown. This setup has all the makings of a “Dead Cat Bounce”—a temporary and deceptive rebound before an even greater plunge.
Bearish Signals Mount:
Decreasing volume: Buyers are vanishing from the scene.
No catalyst in sight: No updates or positive news for Polkadot.
Sentiment shift: Traders moving their funds elsewhere, searching for safer havens.
Conclusion:
While some die-hard believers hold on to the dream of Polkadot’s revival, the technical indicators and the psychological mood of the market tell a different story. We’re witnessing the possible beginning of the end for Polkadot—a project once praised for its promise of blockchain interoperability.
The question remains:
Is Polkadot truly dead?
#Polkadot #altcoins