As discussed earlier, $PEPE already delivered a strong bullish move. Now, price has returned to this area for a potential retest. If this retest is successful and the level holds as support, we can expect another strong bullish continuation with good rallies in the coming days. #PEPEBrokeThroughDowntrendLine
#Bonk If the price confirms a breakout from the lower trendline and clears the nearby horizontal resistance levels, it could signal the start of a stronger bullish move. After this breakout, the next target would likely be the upper descending trendline, which price may test in the coming sessions. If the market also breaks and holds above that trendline, it would strengthen the bullish outlook and open the door for a further rally. Overall, this setup has the potential to deliver more than a 2x move if momentum remains strong. #MarketRebound
CQ: Despite the pullback in BTC, on-chain data continues to show signs of accumulation by long-term holders, while BTC reserves on exchanges continue to decline. MVRV has not reached critical values of ~3.6, which historically coincide with cycle peaks and all-time highs. The lack of market euphoria suggests that BTC has not yet entered the overheating phase. Miner reserves are stable, with miners often selling aggressively during past market peaks. The aSOPR (Adjusted Spent Output Profit Ratio) is also a valuable benchmark for identifying overvaluation phases: when the ratio remains above 1 for an extended period of time, it suggests that most coins in circulation are profitable. Overall, these metrics indicate that while BTC is in a correction, there is still potential for growth if demand remains strong.
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