Pepe (PEPE) has recently experienced a significant 32.6% drop in price, retracing to $0.00001131 after reaching its all-time high of $0.00001724.
The retracement brought PEPE back to a confluence point at the $0.00001131 support level, which also aligns with an ascending trendline support that has been retested multiple times in the past two months.
This pullback could present a potential buying opportunity for traders looking to capitalize on the dip and position themselves for the next surge.
At the time of writing, PEPE was valued at $0.00001264 on CoinMarketCap, showing a 3.17% increase in the last 24 hours but a 16.74% decrease over the past week.
The market capitalization stood at $5.3 billion, reflecting a 3.17% rise in the last 24 hours, while market volume decreased by 35.8% to $860 million during the same period.
AMBCrypto analyzed Santiment’s Active Addresses and circulation data, noting a surge in daily active addresses and transaction volumes over the past few weeks.
This data suggests a potential bullish rally, with active addresses experiencing several spikes, some surpassing 200,000 in a 24-hour period.
Further analysis of Santiment’s ratio of daily on-chain transaction volume in profit to loss showed the data skewed heavily towards profit, indicating increased user activity and potential accumulation.
Additionally, the daily PEPE/USD chart revealed that the recent pullback has found support along an ascending trendline, indicating that the uptrend may soon resume.
The Stochastic RSI was oversold at the time of analysis, potentially signaling a price reversal. Moreover, the MACD histogram had crossed above the signal line, suggesting a potential bullish crossover.
Considering the dip, PEPE’s current situation might present a potential buying opportunity.
The surge in active addresses and transaction volumes provides a major bullish signal.
The strong support along the ascending trendline and oversold conditions on the Stochastic RSI further affirm this bullish sentiment, suggesting more investors are considering buying the dip.
However, if the support fails to hold, PEPE could see further declines in its price.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
FTX Reborn (FTXREB), a new Solana memecoin that was launched on Sunday, is poised to explode over 14,000% in price in the coming days.
Currently, FTX Reborn can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and FTX Reborn could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
FTX Reborn launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy FTX Reborn on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for FTX Reborn by entering its contract address – 7hJSBtA9Fg4CuKY3546iVsVDPKP3NfCDK96YRKd19BJT – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like FTXREB.
In a notable achievement for the cryptocurrency industry, global Spot Bitcoin ETFs have now amassed over $70 billion in total holdings, representing about 5% of the entire Bitcoin (BTC) supply.
This milestone underscores the rising institutional interest and investment in Bitcoin as a credible asset class.
Spot Bitcoin ETFs have become a formidable presence in the cryptocurrency market, with their holdings exceeding $70 billion, equivalent to 5% of Bitcoin’s total supply.
As of March 2024, these ETFs collectively held around 776,464 BTC.
This remarkable growth in Spot Bitcoin ETFs is primarily fueled by major asset management firms like BlackRock and Grayscale, indicating increased institutional adoption and trust in Bitcoin.
The rapid expansion of Spot Bitcoin ETFs has also influenced Bitcoin’s price, pushing it to an all-time high of over $73,000 earlier in March 2024.
This price surge mirrors the rising demand for Bitcoin among institutional investors, further establishing its legitimacy as an investment option.
READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty
Despite the substantial inflows into Spot Bitcoin ETFs, the cryptocurrency market has experienced a phase of consolidation, with Bitcoin trading sideways and occasionally dipping.
Nonetheless, recent data reveals a renewed surge in investor interest, with digital asset investment products seeing inflows totaling $2 billion in the past week alone.
Bitcoin dominated these inflows, attracting a remarkable $1.97 billion in investments.
Currently, Bitcoin is priced at $69,414.92, with a 24-hour trading volume of $15.4 billion.
While it has seen a slight decline of -0.10% in the last 24 hours, Bitcoin has posted a modest increase of 0.47% over the past 7 days.
With a circulating supply of 20 million BTC, Bitcoin now has a market capitalization of $1.3 trillion, solidifying its position as the leading cryptocurrency by market value.
Despite short-term market fluctuations, Bitcoin’s overall trajectory remains positive, driven by growing institutional adoption and increasing investor confidence in its long-term prospects.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Free Andrew Tate (3TATE) presents a similar opportunity for a limited time.
Free Andrew Tate (3TATE), a newly launched Solana memecoin, is poised to explode over 17,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
3TATE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Free Andrew Tate.
Currently, Free Andrew Tate can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy 3TATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Free Andrew Tate by entering its contract address – ADyL5Ltd4P7ix6xeSoCztXYRkBy4YyCkKr3h6rRCm4Bm – in the receiving field.
3TATE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Bitcoin hovered around $69,000 on June 8 as traders recovered from a sudden sell-off.
Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price began to stabilize over the weekend.
The largest cryptocurrency had faced abrupt volatility due to what was described as “schizophrenic” U.S. employment data during the prior Wall Street opening.
The market situation was further exacerbated by a significant drop in altcoins, triggered by a livestream from pseudonymous investor Roaring Kitty.
On Bitstamp, BTC/USD hit local lows of $68,450, while the largest altcoin, Ether (ETH), briefly dipped below $3,600.
Reflecting on the past 24 hours, trading firm QCP Capital labeled the U.S. session as “doubly strange.”
They stated, “It was confusing enough to trigger a risk-off ahead of US inflation numbers and FOMC next Wed.” This was part of their latest update to Telegram channel subscribers.
QCP highlighted next week’s macroeconomic data releases, which include the Consumer Price Index (CPI) and the Federal Reserve meeting on interest rate policy.
“Followed by a Roaring Kitty live stream which had almost a million viewers, during which GME stock price crashed,” they continued.
“It was probably not a coincidence that Alts and Memecoins started collapsing as well, with over $40 billion wiped in market cap.”
READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty
Despite the turmoil, QCP saw the local lows of BTC and ETH as “a good opportunity to buy the dip,” predicting that future Federal Reserve actions could benefit risk assets.
Focusing on key levels, crypto market analysts identified the monthly open around $67,500 as a crucial support level if the weakness persisted.
“Lots of coins are at do-or-die levels IMO, these are the types of trades I like,” popular trader Crypto Chase shared on X.
He added, “If we lose all these levels, we lose the current HTF bullish bias to a degree IMO. BTC holding 64-65K would be the last hope before destruction.”
A potential positive aspect emerged with a leverage flush across Bitcoin and Ether.
“Bitcoin lost approximately $1.3B in Open Interest on this flush. $ETH also lost about $800M, totaling well over $2B for just BTC & ETH combined,” noted trader Daan Crypto Trades.
Previously, Cointelegraph reported on global liquidity trends already supporting a BTC price breakout to all-time highs.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Gym Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Gym Pepe (GYMPEPE), a new Solana memecoin that was launched on Sunday, is poised to explode over 11,000% in price in the coming days.
This is because GYMPEPE has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Gym Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Gym Pepe could become the next viral memecoin.
Gym Pepe launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Gym Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gym Pepe by entering its contract address – 8A8ypSysSvWV3YtSkEBaMcDvL1xgL4JCaG33FsJEAxxo – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like GYMPEPE.
FTX Reborn (FTXREB), a new Solana memecoin that was launched on Sunday, is poised to explode over 14,000% in price in the coming days.
Currently, FTX Reborn can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and FTX Reborn could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
FTX Reborn launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy FTX Reborn on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for FTX Reborn by entering its contract address – 7hJSBtA9Fg4CuKY3546iVsVDPKP3NfCDK96YRKd19BJT – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like FTXREB.
Poker Cat could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Poker Cat (POKCAT), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because POKCAT has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Poker Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Poker Cat could become the next viral memecoin.
Poker Cat launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Poker Cat on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Poker Cat by entering its contract address – 7gHh3juBtGoJsAa9Kd5QrunixkM9jGjqmavEndK2Me3k – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like POKCAT.
Gym Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Gym Pepe (GYMPEPE), a new Solana memecoin that was launched on Sunday, is poised to explode over 11,000% in price in the coming days.
This is because GYMPEPE has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Gym Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Gym Pepe could become the next viral memecoin.
Gym Pepe launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Gym Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gym Pepe by entering its contract address – 8A8ypSysSvWV3YtSkEBaMcDvL1xgL4JCaG33FsJEAxxo – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like GYMPEPE.
Keith Gill, famously known for his role in the GameStop short squeeze of 2021, has reemerged in the financial spotlight as his recent trading activities propel him towards billionaire status.
Trading under the monikers “Roaring Kitty” and “DeepFuckingValue,” Gill disclosed on June 2 that he had resumed trading in GameStop stocks, commanding a hefty sum of $180 million.
The details of his investment were shared on his Reddit account, where Gill showcased a $115.7 million investment in GameStop shares and $65.7 million in call options.
This revelation stirred the stock market, notably boosting GameStop’s value. Following his post, GameStop’s stock price leapt by 19% in overnight markets operated by Robinhood, and has since surged by 38.8% in 2024.
Analysts from The Kobeissi Letter, a respected source in global capital markets analysis, predict that Gill’s financial trajectory could see him become a billionaire.
They pointed out that with GameStop’s stock reaching $67.50 per share after hours, Gill’s holdings could approximate $1 billion if the stock opens at similar levels.
Furthermore, the stock analysts noted that since June 6, GameStop’s stock has closed up 110%, adding $9.5 billion to its market capitalization within just 12 hours.
This dramatic increase places GameStop’s valuation at around $20 billion, categorizing it as one of the top 400 public companies in the U.S.
However, Gill’s aggressive market tactics have not gone without scrutiny.
READ MORE: Fidelity Strategist Matt Horne Recommends Small Bitcoin Allocation for Investors
On June 3, Citron Research, a prominent critic and short-seller of GameStop, accused him of market manipulation in a post on X.
They suggested that Gill must be collaborating with other financiers, stating, “We believe someone is backing Gill — there’s no way he made this size trade alone.
His reported finances don’t support this trade. Investors will see through this roaring Icarus.”
The following day, Massachusetts’ securities regulator initiated an investigation into Gill’s recent market activities.
Lisa Braganca, a former official at the Chicago Securities and Exchange Commission, mentioned in a CNBC interview that the probe will likely explore whether Gill’s actions constituted market manipulation.
She elaborated, “They are concerned that this is an effort to manipulate the market and for him to make money for himself through illegal disclosures,” indicating a thorough review of Gill’s communications across various platforms, including Reddit and X, will be part of the investigation.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.