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Coinspeaker PEPE Risks 20% Crash as Massive 21T PEPE Supply Looms Large As Bitcoin stabilizes above the $106,000 level, the meme coins struggle to regain bullish momentum. The top names like Dogecoin DOGE $0.41 24h volatility: 2.9% Market cap: $59.87 B Vol. 24h: $4.33 B , Shiba Inu SHIB $0.000027 24h volatility: 1.9% Market cap: $16.09 B Vol. 24h: $871.22 M , and Pepe PEPE $0.000023 24h volatility: 1.7% Market cap: $9.87 B Vol. 24h: $3.03 B have witnessed a minor recovery of 1.0% to 2.2% over the past 24 hours. Currently, the Pepe coin struggles to reclaim its $10 billion market cap as weekly returns are down to 4.97%. Will a broader market recovery push Pepe’s price to a new all-time high? Consolidation at Key Support, PEPE Bulls at Risk In the daily chart, the Pepe price action reveals a sideways trend. The bullish fort at $0.00002311 supports the consolidation phase. With multiple lower price rejection candles within this range, the Pepe coin sustains dominance above the $0.000023 level while witnessing a surge in supply pressure. Based on the prevailing price trend, the Pepe rally is making a higher low formation and retesting the previous swing high. Currently, the meme coin trades at $0.00002345, with a negligible intraday move after yesterday’s 2.92% drop. Using the trend-based Fibonacci levels, the Pepe price action reveals the consolidation range, taking support from the 23.60% level as well. Despite the lower price action in the consolidation range, the daily RSI line maintains a declining trend. Furthermore, the lack of bullish divergence warns of a bearish continuation as it nears the halfway line. Amid the consolidation range, the 20-day EMA line acts as a dynamic support, holding and absorbing the supply spikes. Meanwhile, the 50-day, 100-day, and 200-day EMA lines maintain a positive alignment and are ready to act as dynamic support levels. Further, the nearest dynamic support is firmly positioned at $0.00001929. On-chain Reveals Massive Supply As the consolidation range grows intense, the in-and-out-of-the-money around the price indicator from IntoTheBlock highlights massive supply overhead. Based on this indicator, the immediate out-of-the-money range between $0.000023 and $0.000024 accounts for a massive incoming supply of $21.36 trillion. This massive supply is held by 12.61k addresses, potentially booking profits. Despite the massive overhead supply, the indicator reveals that 78.95% of the volume around the price remains “in the money.” Further, the positive “in the money” zone holds 132.51 trillion Pepe worth $3.08 billion. Meanwhile, the “out of the money” zone holds 35.3 trillion Pepe tokens worth $821 million. PEPE Price Targets Using the trend-based Fibonacci levels, a bullish recovery will likely face opposition at the 38.20% Fibonacci level at $0.000027762. In the case of an extended rally, the 61.80% and 78.60% levels, at $0.00003583 and $0.00004297, are potential price targets. Conversely, a bearish continuation resulting in a failed retest will test the bullish dominance at the $0.000020 psychological mark and the horizontal support level at $0.000018366. next PEPE Risks 20% Crash as Massive 21T PEPE Supply Looms Large$PEPE

Here are some upcoming cryptocurrency conferences and events that might be relevant to ASI Coin enthusiasts$ASI : - *Crypto Finance Conference*: January 10-12, 2024, in St. Moritz, Switzerland ¹ - *Quantum Miami 2024*: January 24-26, 2024, in Miami, Florida ¹ - *The Blockchain Event*: February 13-15, 2024, in Fort Lauderdale, Florida ¹ - *ETHDenver Innovation Festival*: February 23 – March 3, 2024, in Denver, Colorado ¹ - *Blockchain Festival Asia*: March 2, 2024, in Singapore ¹ - *TOKEN2049 in Dubai*: April 18-19, 2024, in Dubai ¹ - *Consensus 2024 by CoinDesk*: May 29-31, 2024, in Austin, Texas ¹ - *Blockchain Expo 2024 North America*: June 5-6, 2024, in Santa Clara, California ¹ - *NexTech Week Tokyo*: November 20-22, 2024, in Tokyo, Japan ¹ Please note that the list of events is subject to change, and it's always best to verify the dates and details with the official event websites.

Now, let's consider why Bitcoin is valuable and why Saylor believes it is the future. Bitcoin is valuable because it combines the best qualities of a range of assets. Like gold, it is deflationary. That is, because only a finite amount of it can ever be mined, there is upward pressure on its value. Over time, all else being equal, its price will appreciate. This is in direct contrast to the dollar, which is actually designed to lose value. Inflation is baked into the system. This is a big one for Saylor. Bitcoin, again like gold, is not controlled, issued, or regulated by any one authority. This decentralized nature means that its value is set only by supply and demand in the market; central banks and governments cannot manipulate its price. For those worried about future runaway inflation, Bitcoin could be a financial refuge. Unlike gold, however, Bitcoin is relatively easy to store and exchange. Bitcoin, with value equivalent to all the gold in Fort Knox (about $300 billion), can be held on a thumb drive and sent almost anywhere in the world in a matter of minutes.$BTC

Now, let's consider why Bitcoin is valuable and why Saylor believes it is the future. Bitcoin is valuable because it combines the best qualities of a range of assets. Like gold, it is deflationary. That is, because only a finite amount of it can ever be mined, there is upward pressure on its value. Over time, all else being equal, its price will appreciate. This is in direct contrast to the dollar, which is actually designed to lose value. Inflation is baked into the system. This is a big one for Saylor. Bitcoin, again like gold, is not controlled, issued, or regulated by any one authority. This decentralized nature means that its value is set only by supply and demand in the market; central banks and governments cannot manipulate its price. For those worried about future runaway inflation, Bitcoin could be a financial refuge. Unlike gold, however, Bitcoin is relatively easy to store and exchange. Bitcoin, with value equivalent to all the gold in Fort Knox (about $300 billion), can be held on a thumb drive and sent almost anywhere in the world in a matter of minutes.$BTC

Federal Reserve Chairman Jerome Powell delivers a speech on monetary policy to business leaders in the Dallas-Fort Worth area. Powell's speech will be followed by a question-and-answer session. Here are the most important sections from Powell's speech: (New additions will be made as the conversation continues, you can access the most up-to-date information by refreshing the page) The economy is not sending signals that the Fed should be in a hurry to cut interest rates. Policy will gradually adjust to a neutral level, but the policy path is not predetermined. Inflation is expected to continue to fall towards the 2% target, but there may be a “fluctuating” course during this process. The Fed is determined to complete its mission of controlling inflation. A strong economy allows the Fed to make prudent decisions. The labor market is robust and inflation is moving toward a sustainable 2% path. The US economy has performed very well recently. The labor market has cooled enough that it no longer creates significant inflationary pressure. The Fed will be watching inflation data closely as it compares to its forecasts. We do not take into account the interests of any political party when making decisions. The Fed's independence means that its monetary policy decisions cannot be reversed or reviewed (by the U.S. government or Congress). Political factors may become a disturbing factor. The Fed has a responsibility to explain our policies to the public and Congress. The credibility of the FED is critical to our work. It is too early to assess the impact of Trump's policies. We have time to assess the net impact of policy changes before responding to them. Analysis will be done before this (policy change) and we will be cautious about policy adjustments until we have more certainty. The US debt situation is unsustainable and needs to be resolved quickly. The bond market is doing well. In the event of financial instability, the Fed can use its emergency tools. Changes in government policies generally do not have an immediate impact on the Fed's ability to achieve its goals. We reserve judgment on the impact of the new policy for now. It is important to wait and see how the actual situation develops. The comments come a week after policymakers decided to cut the key interest rate by another quarter point, or 25 basis points. That followed a half-point cut in September, leaving the federal funds rate in the 4.5%-4.75% range.