Hey, Binance Square folks! 🐸💰
Check out the $PEPE , hitting the mark of 478 (or $0.00000478, to be exact – fresh confirmation from CoinMarketCap). The meme frog is extremely volatile, with a pump of +7-8% in the last 24 hours and volume exploding to $400M+, but the overall market is recovering from the November correction.
- **Bullish signals:** Formation of a "double bottom" on the daily chart, RSI moving out of oversold (from 26 to 38) and MACD turning green. Open interest rose by 26% with longs dominating – this smells like a volatility squeeze and a possible rally of 50% to $0.000007+ if it breaks the resistance at $0.0000059. Optimistic forecasts (like Benzinga and Flitpay) see an average of $0.00001-0.00009 in 2025, riding the hype of memecoins with QE rolling out post-December 1st.
- **Bearish risks:** General sentiment is bearish (Fear & Greed at 28), with a descending channel and head-and-shoulders on the HTF. If it loses support at $0.0000046, it may test $0.0000038 or even $0.0000018 (60-70% dump, as warned by Crypto Patel). CoinCodex and Changelly bet on a drop to $0.000003-0.000004 by the end of the month.
On X, the crowd is divided: some shouting "x30 incoming" with bull flags, others warning of a breakdown. My take? If the $BTC holds above 90k and alts catch fire, $PEPE will soar to $0.000006+ in the short term. Otherwise, brace yourself for the dip.
And you, whale or frog? Comment below: HODL or sell your kidney? DYOR, NFA! 🚀📉 #pepe #Memecoin #CryptoBrasil