Bitcoin maintains its bullish momentum, surpassing $115,000 and indicating a potential move towards $120,000. Growing institutional adoption, highlighted by the London Stock Exchange's blockchain platform launch and Galaxy Digital's investment in Solana, is improving market sentiment. Additionally, a potential easing of the SEC's enforcement approach is reducing regulatory uncertainty, indirectly benefiting assets like PEPE. The overall market sentiment remains neutral to slightly bullish.

・Solana confirms bullish signal following 1300% rally, faces resistance at $250 Solana's Supertrend indicator flashing a "buy" signal suggests a potential repetition of past bullish trends. However, resistance at $250 and signs of overheating indicate a risk of retracement to $220. While the impact on PEPE is direct, the implied health of the Solana ecosystem could indirectly boost sentiment across the broader altcoin market. ・London Stock Exchange launches blockchain platform for private funds The London Stock Exchange's launch of a blockchain platform, in collaboration with Microsoft, clearly signals increasing institutional adoption of blockchain technology. This development is expected to enhance the credibility and infrastructure of the cryptocurrency market overall, potentially leading to indirect positive sentiment for meme coins like PEPE. ・Bitcoin Core reduces default minimum relay fee by 90% The reduction in the minimum relay fee resulting from the Bitcoin Core update will significantly lower transaction costs on the Bitcoin network. This is likely to improve Bitcoin's usability and encourage greater network utilization. Although PEPE, being built on Ethereum, will see limited direct impact, Bitcoin's efficiency improvements can be viewed within the broader context of technological advancement in the cryptocurrency space. ・SEC commits to prior notification before enforcement actions against crypto firms The US SEC's softening stance on enforcement actions is a significant indicator of reduced regulatory uncertainty for the crypto industry. The commitment to provide prior notification offers companies opportunities to ensure compliance, potentially contributing to market stabilization. This could have an indirect positive effect, considering the potential for future regulation affecting PEPE. ・Bitcoin closes week above $115,000, signaling path to $120,000 Bitcoin's weekly close above $115,000 reinforces bullish market sentiment, indicating a potential ascent towards $120,000. As Bitcoin's price action significantly influences overall market sentiment, this bullish development could create a positive ripple effect across the altcoin market, including PEPE. ・Polkadot DAO sets DOT supply cap at 2.1 billion tokens The Polkadot DAO's decision to set a cap on the total supply of DOT aims to enhance tokenomic sustainability and scarcity. While this could increase confidence in the Polkadot ecosystem, it does not directly impact PEPE's price. ・Monero gains 7% despite 18-block reorganization The reorganization (reorg) that occurred on Monero's blockchain, raising concerns about network security, was followed by a price increase. This price action may suggest market resilience or indicate buying pressure driven by other factors. Although it has no direct effect on PEPE, it is noteworthy as an example of the market's reaction to unexpected events within the altcoin space. ・Taproot developers did not foresee the utility enabling Ordinals The fact that the Taproot upgrade enabled non-financial transactions like Ordinals and BRC-20, leading to network spam, highlights the unforeseen consequences of Bitcoin's technological evolution. This underscores the potential technical and operational challenges that projects like PEPE might face in the future, emphasizing the importance of considering impacts during early-stage development. ・Galaxy Digital invests $306 million in Solana Galaxy Digital's substantial investment in Solana demonstrates significant institutional interest in the Solana ecosystem. Solana's growth could solidify its position as a prominent alternative smart contract platform to Ethereum, potentially driving indirect fund inflows into the broader altcoin market and projects like PEPE. Overall Summary Bitcoin's bullish price action and the expanding adoption of blockchain technology by institutional investors are fostering positive sentiment across the cryptocurrency market. The SEC's more lenient regulatory approach may encourage market stabilization and future investment. Large-scale investment in Solana heightens expectations for the altcoin ecosystem, potentially providing indirect benefits to meme coins, including PEPE.

As a meme coin, PEPE is vulnerable to sudden shifts in market sentiment and reduced liquidity. A lack of technical momentum heightens the risk of a breakdown if the broader market experiences a downturn. Potential corrections on Solana and unforeseen technical implications, such as those suggested by Taproot developers, also pose risks. Specific support levels are unclear based on current price data, but psychological levels remain crucial.

Short-term (24-48 hours): Expect continued range-bound trading, correlated with Bitcoin's movements. Mid-term (over the next week): Consolidation is likely to persist in the absence of significant market catalysts. A breakout will require stronger buying pressure. Key catalysts to watch include Bitcoin surpassing $120,000 or a strong rally across the broader altcoin market.

Conclusion: The PEPE market maintains a technically neutral position, yet the macro environment presents a positive outlook. Bitcoin is demonstrating upward momentum beyond $115K towards $120K, supported by increasing institutional adoption of blockchain technology (evidenced by LSE and Galaxy/Solana initiatives) and a perceived easing of SEC enforcement actions, collectively boosting market sentiment. While the direct impact on PEPE is expected to be limited, the prevailing positive tailwinds benefiting the broader altcoin market are a favorable development. Our overall assessment is **Neutral, with upside potential.** For investment strategy, a **wait-and-see approach** is advised until clear technical breakouts occur. If considering PEPE for a portfolio, allocate only a small amount, potentially entering in stages at psychological support levels such as $0.000001. Strict stop-loss orders, placed decisively below key psychological lows, are essential for risk management. This week hinges on Bitcoin's ability to sustain its rally above $120K, which will be a key determinant of overall market sentiment. PEPE stands at a critical juncture: it must either ride this prevailing momentum or risk facing downturns due to its inherent lack of fundamental drivers. Crucially, risk management must prioritize limiting exposure relative to the high volatility characteristic of meme coins. Monitor shifts in market sentiment and liquidity closely, remaining prepared for agile decision-making. As the cryptocurrency market evolves, PEPE has the potential to carve out opportunities. By capitalizing on Bitcoin's strength and growing institutional interest, coupled with rational analysis and disciplined trading, investors can aim for success within this dynamic landscape.