Tag: break

Can the native USDC launch on May 6 cause a break?

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  • Sonic is ready to update to USDC and integrate with CCTP V2 for better liquidity and experience.
  • The price of Sonic (s), currently at $ 0.5226, can reach $ 1.03 or fall to $ 0.3596 after updating.
  • A successful transition could generate greater adoption and liquidity, which would potentially boost the price of river.

Sonic (s), the native token of Sonic’s blockchain, has quoted in a narrow range during the last 48 days, with investors with enthusiasm with enthusiasm the Next transition from USDC Native USDC .

This transition is expected to be scheduled for May 6, 2025, bring significant changes to the Sonic ecosystem, which could affect the price of Sonic (s).

Since the market remains in a state of anticipation, understanding the implications of this transition and the current technical configuration is crucial to predict the future fluctuation of the Sonic price (s).

The next USDC bridge transition to USDC in Sonic

USDC, known as USDC.E, is a widely used USDC version, which has been bridged from another blockchain to the Sonic network.

This bridged form has been functional, but presents limitations such as the possible fragmentation of liquidity and dependence on third -party bridge mechanisms. The native USDC transition, issued directly by Circle in the Sonic Blockchain, is designed to overcome these challenges and optimize operations.

Native USDC is fully regulated, backed by reservations and exchangeable 1: 1 for US dollars, which offers a stable robust and reliable currency option. It also introduces institutional entry and exit ramps through Circle Mint, which allows eligible companies to interact without problems with the Sonic ecosystem.

Integration with CCTP V2 further improves this update by facilitating USDC transfers between fast, safe and efficient block chains between compatible blockchains. Scheduled to begin on May 6, 2025, the transition will pause the bridge activity in Sonic Gateway between Ethereum and Sonic for approximately a week.

During this period, Circle will assume the property of the USDC Puente contract, which will allow the transition to Native USDC without user intervention. Once completed, USDC will be fully operational, which promises greater liquidity and better user experience throughout the Sonic network.

Sonic price prognosis (s)

Sonic (s) has been in a consolidation phase during the last 48 days, finding resistance at key technical levels such as the VWAP SR, the Fibonacci level of 0.618 and the maximum of the value area.

The negotiation volume has remained constantly low, which reflects the lack of impulse or conviction among market participants. The current price of $ 0.5226 is close to the midpoint of this range, which makes it a crucial level to determine the next movement.

A successful transition to Native USDC could promote greater adoption and liquidity, potentially promoting the price above the established resistance zone.

Historically, these updates to native stablcoins have strengthened blockchain ecosystems by attracting more users and developers, although the impact on the price depends on the general dynamics of the market. On the contrary, any setback or delay in the transition could erode the confidence of investors, with the risk of a fall below the midpoint towards lower support levels.

The volume will play a fundamental role to indicate the direction of any breakup, since a sudden increase along with a movement above the resistance suggests an upward trend.

If this scenario is completed, Sonic (s) could point to its previous historical maximum of $ 1.03, which offers a potential gain of 97% compared to its current price.

On the other hand, a rupture below the range, especially with a higher volume, could make the price re -test its historical minimum of $ 0.3596, a drop of approximately 31%. Investors should be attentive to the volume and price behavior around these key levels as the USDC transition develops to evaluate the market response.

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PEPE PRICE PREDICTION: Can a break above $ 0.000009 trigger the next rebound of the meme currency?

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  • Pepe quotes about $ 0.000007, consolidating below the key resistance.
  • A rupture above the December line of trend could lead to the Pepe to $ 0.000013.
  • The price action is adjusting around the 21DMA and 50DMA levels.

Pepe (Pepe), the meme currency known for its viral brand and explosive increases, is again in the focus of attention as it continues to consolidate near the brand of $ 0.000007.

After weeks of lateral action, the technical patterns suggest that the currency could be approaching a significant breakup.

Traders are closely observing how the Pepe oscillates between key mobile averages and defies a long -standing bearish trend that dates back to December 2024.

If this resistance is exceeded, the price could double in the short term.

But since global macroeconomic conditions remain uncertain, the question is whether the feeling can only get the meme coin.

Consolidation pattern

Pepe has remained stagnant between $ 0.000005 and $ 0.000009 for more than six weeks, forming a clear flag structure in the graphics.

This type of pattern often indicates a growing pressure for an important movement in any direction.

Fountain: Coinmarketcap

The current price of Token remains close to its mobile averages of 21 and 50 days, and its 200 DMA in the long term is around $ 0.000013.

If the meme currency manages to successfully overcome its descending resistance line from December 2024, a rapid rebound for 200DMA is possible.

A movement of that magnitude would represent an approximate profit of 100%.

Historically, Pepe has exhibited strong volatility outbreaks after prolonged periods of calm, so operators anticipate a reaction soon.

Technical signals

From a technical point of view, the configuration is being aligned for a possible break.

Pepe has spent four consecutive sessions consolidating itself near its DMA 21 and DMA 50, which reflects reduced volatility and narrowing of price bands.

These conditions are often observed before a decisive price movement.

Volume trends show that, although commercial activity has slowed, there is still enough liquidity to support larger movements.

The ruptures in the meme coins sector usually occur with little warning, and the increasingly narrow range combined with key resistance levels has turned Pepe closely monitored among cryptocurrency merchants.

Macro factors

Despite the bullish signs in the graphics, the rebound of Pepe can be limited by macroeconomic winds against.

Although the United States recently delayed certain tariffs under the direction of Donald Trump, economic conditions remain uncertain.

The indicators suggest that the US economy could be slowing down, but the Federal Reserve has not offered strong signals of flexibility of monetary policy.

Without a liquidity flow or a change in the tone of the central bank, the MEME coins such as Pepe (which usually have better performance in speculative and risk environments) may have difficulty maintaining their impulse.

Investors remain cautious about the concerns about the persistence of inflation and the slowdown in growth, factors that tend to stop the enthusiasm for high -risk digital assets.

What follows?

The Meme Coins season does not seem to be in full swing, but the foundations for a possible movement are being sitting.

If the feeling of the market becomes more positive, Pepe could take advantage of a wave of renewed interest, particularly among retail merchants who often drive the action of the price of meme coins.

The rupture point remains clear: if the Pepe advances decisively above its December trend line and is maintained, short -term profits could be significant.

However, the absence of a macroeconomic trigger leaves this rebound hypothesis based only on the technical impulse.

For now, the market remains in way of waiting and observing, while Pepe proves the limits of its current range and prepares for a possible break or other drift period.

The Post prediction of Pepe’s price: Can a break above $ 0.000009 trigger the next rebound of the meme currency? Appeared First on coinjournal.

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