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Sajjad Tahsin
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XRP's Meteoric Rebound
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$PEPE $PEPE PEPE 0.00001817 +0.66% PEPE/USDT: Key Support at $0.00001818 – Can It Bounce Back? PEPE (Pepe Coin) is currently trading at $0.00001818 against USDT, with a solid support forming at this price point. If $0.00001818 holds, we could see a potential upward movement, targeting the next resistance around $0.00002. This creates an opportunity for traders looking to capitalize on a potential rebound. For those looking to enter the market, $0.00001818 provides a solid base to initiate a position. A breakout above $0.000019 would further confirm the bullish trend, with $0.00002 as the next target for resistance. Entry Strategy: A long position near $0.00001818 could be a great opportunity, with a stop-loss placed below this support level to limit potential downside risk. Alternatively, waiting for a breakout above $0.000019 could offer additional confirmation before entering. With the meme coin market still buzzing, $0.00001818 could prove to be a strong entry point for those looking to ride potential gains. Keep a close eye on these key levels for optimal trading opportunities! #BinanceLaunchpoolBIO #BinanceAlphaAlert #GrayscaleHorizenTrust #Write2Earn #MarketRebound
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#ChristmasMarketAnalysis History doesn't repeat itself, but it does rhyme. Christmas is coming, and the New Year of 2025 is approaching. Christmas, New Year, Trump's inauguration, Bitcoin's half-year reduction... With these buffs, Bitcoin may be expected to end the adjustment and return to the upward track again. Christmas is coming, is the crypto market correction over? The Federal Reserve announced a rate cut last week and lowered the possibility of further rate cuts, leading to a global market collapse. Bitcoin fell from its historical high of 108,000 to around 90,000 US dollars in just a few days. Altcoin were in a bloodbath, and some tokens lost all their gains during the bull market. Matt Hougan, chief investment officer at Bitwise Asset Management, attributed the recent crypto market pullback to a “natural unwinding of leverage,” and stressed that “the long-term drivers remain intact and we are still in a strong bull market.” This pullback caused a large-scale liquidation and reduced market leverage. At the same time, Christmas will come this week, and the global market may usher in a "Christmas rally". The "Christmas rally" refers to the last five trading days of the year and the first two trading days of the New Year. Historically, the US stock market has a positive trend in these seven days. Bitcoin is currently greatly affected by the trend of US stocks and gold. If the stock market is doing well, this may drive the sentiment of the crypto market up. Historically, Bitcoin has often surged during and after the “half-year” Christmas season, such as in 2016 and 2020. This increases expectations that Bitcoin will surge in the short term.
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