PEPE Coin (PEPE) Price Bounces From Crucial Support Levels, A Do or Die Ahead

Defying the broader market correction, the world’s third-largest meme coin PEPE Coin has registered a 4% surge on the upside. As of press time, the PEPE value is buying and selling at $0.0000114 with a market cap of $4.8 billion. Additionally, the day by day buying and selling quantity for PEPE coin at present stands at $726 million. As per the technical chart, the meme coin is at present buying and selling at a vital juncture and in a make-or-break scenario.

PEPE Coin Worth – A Do Or Die

As per the technical chart, the PEPE coin is retesting essential help ranges at $0.000011. Meme coin PEPE is at present one of many strongest cash out there displaying a better relative energy over prime cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

PEPE is at present turning its earlier all-time excessive right into a help stage after efficiently retesting the 1-day 100 EMA. Merchants are intently watching the potential breakout from the 1-day downtrend which might sign a super alternative to lengthy on PEPE, famous analyst Crypto Scient.

One other crypto analyst Crypto Patel highlights a pivotal second for PEPE, noting that for the meme coin to renew its upward journey, it should maintain the essential help stage of $0.000011. Nonetheless, Patel acknowledged that if PEPE fails to keep up this help stage, it might face a major draw back transfer of as much as 40%. As reported by CoinGape, the PEPE Coin Open Interest has additionally been on a decline suggesting the shortage of a bullish momentum going forward.

A Look Into Different Meme Cash

Whereas PEPE Coin makes a transfer to the upside, its rapid competitor Dogwifhat (WIF) has tanked by a staggering 8% all the way in which to $1.77. This WIF price drop comes amid sturdy whale sell-offs occurring over the previous two days. Earlier right now, a WIF whale deposited 12.66 million WIF cash value $23.4 million to crypto trade Binance.

A whale deposited 12.66M $WIF($23.4M) to #Binance up to now 2 days.https://t.co/gWcpd0gBOz pic.twitter.com/Fc6WayMjAO

— Lookonchain (@lookonchain) June 22, 2024

Alternatively, Shiba Inu has seen a notable surge within the burn fee with the burnt SHIB tokens rising by 1,100% in a single day.

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Bhushan is a FinTech fanatic and holds a great aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Expertise and Cryptocurrency markets. He’s constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary expertise.

The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.