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BNB News Update: Meme Tokens and NFTs Experience Rapid Growth Driven by Speculation, Yet Technical Discrepancies Appear

BNB News Update: Meme Tokens and NFTs Experience Rapid Growth Driven by Speculation, Yet Technical Discrepancies Appear

Bitget-RWA2025/11/14 01:08
By:Bitget-RWA

- Meme coins (DOGE, SHIB , PEPE) and NFTs rebound amid rising speculative demand, driven by U.S. political shifts and retail investor enthusiasm. - SHIB faces a key technical test at $0.00001029, but conflicting RSI/MACD signals highlight fragile momentum and potential sell-offs. - BNB surges above $1,000 amid broader market optimism, yet descending channel patterns and failed $1,010 holds suggest looming volatility. - Trump's memecoin jumps 14.2% on tariff dividend speculation, while NFTs rebound to $3.9B

Speculation is running high in the cryptocurrency space as memecoins and NFTs experience a resurgence, reflecting a shift in risk preferences.

(DOGE), (SHIB), and (PEPE) have become central to this upward movement, with technical signals pointing to possible breakouts even as indicators remain mixed. At the same time, the overall market, influenced by developments in U.S. politics and renewed interest from retail investors, has pushed and other exchange-based tokens to new records, though some reversal patterns are emerging and .

Shiba Inu (SHIB) is nearing a crucial technical level at $0.00001029, which aligns with its 200-period EMA and could confirm a breakout above its trendline. Yet, momentum indicators are sending mixed signals—RSI stands at 59, while the MACD is close to a bearish crossover—

between bullish trends and the risk of a pullback. Likewise, Pepe (PEPE) continues to trade within a narrow band between $0.00000583 and $0.00000629, with a move above $0.00000629 potentially opening the door to $0.00000685. Market participants are watching the RSI above 56 and the MACD's closeness to the signal line, which could indicate a trend reversal .

The wider

segment has posted an 11% increase in value, with leading tokens such as (+8.7%), (+10.4%), and PEPE (+7%) spearheading the recovery. This uptick comes after a month of declines and signals a renewed flow of speculative funds into high-risk assets.
BNB News Update: Meme Tokens and NFTs Experience Rapid Growth Driven by Speculation, Yet Technical Discrepancies Appear image 0
Notably, Donald Trump’s official memecoin over the past week, benefiting from his recently announced tariff dividend and plans to reopen the government. The NFT sector has also bounced back by 12%, reaching $3.9 billion, with BNB Chain and Polygon leading in sales growth .

This rally is being fueled by a mix of macroeconomic influences and positive retail sentiment. BNB’s recent surge past $1,000, driven by higher trading volumes and general market optimism, underscores the connection between exchange tokens and memecoins. However, a downward channel and the inability to maintain $1,010

, with immediate resistance now at $1,004. Experts warn that, despite the current preference for riskier assets, unresolved geopolitical issues and technical discrepancies could prompt a correction.

Even with these uncertainties, the desire for speculative profits remains robust. Hyperion DeFi’s accumulation of HYPE tokens and Peyto’s increased output in the Pembina Duvernay area demonstrate the growing overlap between traditional finance and crypto. As both institutional and individual investors

, the next few weeks will reveal whether this rally can withstand broader economic challenges .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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