📣 Gate.io Post Crypto Observer Call to Action!
📈 Share Crypto News & Win Great Rewards Weekly!
💓 Don't hesitate, join now ⏬
1. Share daily crypto news, market trends, and insights into your post.
2. Include the #CryptoObservers# to successfully participate.
🎁 10 lucky "Crypto Observers" will be rewarded $20 points every Friday!
📌 The winners list will be announced every Friday, with rewards distributed the same day.
📌 Note: Posts may include only the tag #CryptoObservers# ; otherwise, no rewards.
💪 Crypto Observer can also register and become Gate Post Ambassador to enjoy exclusive benef
#TopContentChallence#
Pepe gave a bullish signal: Targeting $0.00003?
As of January 1, 2025, PEPE is trading at 0.00001987, a daily increase of 5.84%. Trading volume increased by 120.60% to $2.75 billion. This increase stands out as an indication that the market's confidence in PEPE is increasing. According to chart analysis, PEPE is exhibiting a "cup-and-handle" pattern, which is usually a bullish signal. The price rebounded strongly from a critical demand zone. It is consolidating just below the target price level of 0.00003.
If this target is reached, it is believed that a rally could be triggered in the short term. However, it is mentioned that if the current momentum cannot be maintained, the price may move sideways in a narrow range for a while. On-chain data shows that interest in the PEPE ecosystem continues to grow. In the past week, the number of new addresses increased by 1.06% and the number of active addresses increased by 1.73%. Additionally, addresses with zero balance have seen a 19.91% increase. These metrics indicate that the number of users joining the network is rapidly increasing, which could create upward pressure on the price.
Transaction data on the network shows that small investors are showing increasing interest. Especially the number of transactions below 1 increased by 5.38%. However, a decrease is observed in large transactions above 10,000. This indicates that institutional crypto investors are acting cautiously. Nevertheless, the increasing activity of small investors will support possible large price movements.
The open position volume in futures markets increased by 18.83% to reach $156.56 million. This increase is a sign of increasing confidence among investors and potential volatility. As a result, PEPE indicates a strong upward potential with both on-chain and technical indicators. In light of this data, PEPE is expected to make a big breakthrough in the near future.
#Join Honor Credits New Year Draw & Win MacBook, Merch and More!# #Which AI Meme Tokens Are You Holding?# #Bitcoin Price Prediction for 2025#