The cryptocurrency market has been in a state of flux this week, with Bitcoin (BTC) experiencing a pullback phase that has sparked speculation about its next move.
Sellers are targeting the $98,664 level, as the bullish momentum that briefly propelled Bitcoin to a new all-time high of $109,111 earlier this week begins to fade. They are not taking buying positions on coins with a more defined upward price momentum, like new memecoin sensation #PEPETO.
Bitcoin Struggles Above Key Resistance Levels
Since mid-December, Bitcoin has faced challenges maintaining levels above the $108,000 resistance. This has led to a sideways trend in the market, with long-wick rejection candles in the $108,000-$109,000 range indicating that sellers are firmly defending these levels.
On the daily chart, Bitcoin recently rebounded from $92,000, a critical support level that it touched in the first weeks of January 2025. The rise and subsequent reversal of Bitcoin’s price coincided with a broader surge in market activity following Donald Trump’s inauguration, last Monday. While BTC managed to stay above the $100,000 mark, discussions of a potential market top gained traction among analysts and commentators.
A recent breakthrough above the $100,000 mark offered a glimmer of hope for bullish investors, pushing BTC toward the $110,000 level. However, maintaining this upward trajectory has proven difficult, as sellers continue to exert pressure near key resistance points.
Market analysts suggest that a weekly close above $105,000 could be a turning point for Bitcoin. Such a close would surpass its previous weekly high from December 2024, potentially setting the stage for a new higher high in the weeks ahead. Technical indicators like the Relative Strength Index (RSI) still show bullish momentum, raising the possibility of a rally toward the $120,000 level.
Pepeto Rises in the Memecoin Sector, Presale Crosses $4 Million
While Bitcoin’s performance has investors hoping for a breakthrough, new token PEPETO is looking to redefine the memecoin market. Referred to as the “God of Frogs,” PEPETO has captured the whole crypto industry’s attention during its presale phase, raising over $4 million. Tokens are priced at $0.000000106, as early bird traders continue to stake tokens to earn rewards of up to 400% annually.
PEPETO’s success stems from a carefully crafted tokenomics model designed to promote long-term growth and stability. With a total supply of 420 trillion tokens, the project emphasizes staking and liquidity to foster a strong community.
A standout feature of #PEPETO is its bridge technology, which enables seamless integration with other cryptocurrencies. This functionality aims to provide liquidity and make trading more accessible. Upcoming listings on major exchanges are expected to further enhance the project’s visibility and adoption.
A Technology-Driven Approach to Memecoins
Unlike previous meme coins such as Pepe, which were plagued by volatility and sudden price dumps, #PEPETO focuses on technology and optimization to reduce risks. The project is committed to delivering consistent returns and a stable environment for its community.
The frog-themed memecoin has already achieved significant milestones outlined in its Q4 2024 roadmap, including an upgrade to its official website. The team is now working on its Q1 2025 objectives, which include launching the PepetoSwap exchange and expanding its bridge technology. These developments are expected to solidify PEPETO’s position as a leading player in the meme coin ecosystem.
Don’t miss your chance to join the #PEPETO revolution. Secure your tokens now in the presale and stake for up to 400% rewards!
About Pepeto
Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
Media links
X (Twitter): https://x.com/Pepetocoin
YouTube Channel: https://www.youtube.com/@Pepetocoin
Telegram Channel: https://t.me/pepeto_channel
Instagram: https://www.instagram.com/pepetocoin/
TikTok: https://www.tiktok.com/@pepetocoin
Contact Details
Contact: TokenWire Team
Email: contact@tokenwire.io
| Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content. |
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