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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The Central Bank of Sweden will not consider Bitcoin as currency

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The Central Bank of Sweden, also known as Sveriges Riksbank, recently deepened in Bitcoin (BTC) to determine if the king cryptocurrency can be classified as currency. He established that he must comply with three criteria to be considered a currency: deposit of value, means of payment and account unit.

There is no reliable value reserve

The Central Bank indicated that Bitcoin is not a reliable value reserve due to its volatile nature. Said the following:

“If an asset acts as a value reserve, you must be sure that you can buy both today for, say, 100 Swedish crowns and tomorrow. The price of Bitcoin has had a high level of volatility, so it is a relatively poor protector. ”

Riksbank also indicated that despite being accepted as a means of payment in a small number of places, BTC is not as widely accepted as credit cards:

“If the asset acts as a means of payment, a buyer must be able to use the asset to pay and a seller accepts it as payment. There is no exact figure about how many companies Bitcoin accept as a means of payment, but Coinmap has a maps service of several merchants that accept bitcoin and ATMs where you can buy bitcoins. On May 13, 2022 there were approximately 29,500 merchants and vending machines on the map. In comparison, visa cards are accepted by more than 60 million merchants. ”

Volatility is blamed

The Central Bank also declared that Bitcoin cannot be used as a account unit due to constant price changes. Declared the following:

“If the asset works as a unit of account, it can be used to set the price of goods and services. The two above features come into play because it is more difficult to set the price of something if the value of the asset fluctuates a lot or if it is not used as a means of payment. ”

Bitcoin does not match 3 criteria to be currency

Finally, he indicated that because Bitcoin does not meet the three criteria to be considered currency, consider BTC only as an asset, but not as a currency:

“Bitcoin generally does not fulfill the three functions and therefore is not money, at least not in the sense that it functions as money in the traditional financial system and in society. A reasoning similar to many other cryptocurrencies can be applied. ”

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