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👀 As meme coins gain bullish momentum, can PEPE climb from $0.000020 to the key resistance level of $0.000026?
With Bitcoin holding steady above $96,000, the meme coin sector is experiencing renewed growth. The market cap for meme coins has reached $105.06 billion, marking a 4.47% increase in the last 24 hours.
Amid the sector’s recovery, PEPE is positioned at a psychological crossroads at $0.00002032.
PEPE Price Analysis
The 4-hour chart shows a bullish breakout as PEPE's price surges above the local resistance trendline. This upward momentum has led to a 13.35% price increase this week, climbing from the weekly opening price of $0.000017869 and signaling renewed investor confidence.
At press time, the breakout rally suggests a double top pattern at $0.00002101, signaling a potential critical resistance level. This indicates the bullish struggle to break above the 61.80% Fibonacci level, a significant barrier to further gains.
However, the recovery has increased the chances of a golden crossover between the 50 and 200 EMA lines on the 4-hour chart, which could attract more PEPE buyers. Additionally, the RSI line is maintaining a sideways track slightly above the midpoint, reinforcing bullish momentum.
Thus, the momentum indicator remains bullish, supporting the continuation of the uptrend.
📢 Binance recently announced reaching 250 million users, marking a significant milestone in its growth trajectory. Predicting when Binance might reach 1 billion users depends on factors like global adoption of cryptocurrencies, regulatory developments, and Binance's expansion efforts.
Assuming an optimistic growth rate similar to recent years:
If Binance doubles its user base every 2-3 years (based on current trends), reaching 1 billion users could take approximately 6-8 years.
However, the timeline could shorten if cryptocurrency adoption accelerates or Binance introduces major innovations. Conversely, regulatory challenges or slower adoption could extend this timeframe.
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