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$PEPE is a #Memecoin . Guess What’s the next moment;
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• PEPE cryptocurrency’s current performance compared to other meme coins and Bitcoin is discussed.
• PEPE and BONK have been the strongest meme coins in the last week, while Bitcoin has been relatively bearish.
• PEPE is struggling to break above resistance levels at 8,500 and 8,000.
• Despite gaining momentum since April 25th, PEPE’s current performance isn’t as high as it was previously.
• The open interest chart for PEPE is strong, but not as high as during its peak performance.
• PEPE’s momentum depends on Bitcoin’s performance, which is currently not strong enough to break above resistance.
• PEPE is predicted to consolidate and slowly drop towards 6,500 and 6,000, potentially consolidating at that level.
• If the market becomes more bullish, PEPE could break out, but there’s no confirmation yet.
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