Pepe Coin Price Analysis Hints 40% Rally As Bull Flag Forms Amid Healthy Retracement !!

#BinanceTournament #AirdropGuide #altcoins #BTC #bitcoin Pepe Coin Price Analysis: The cryptocurrency market experienced notable supply pressure in the second week of June. With the Bitcoin price reverting from $71000, macroeconomic factors increasing market uncertainty, and BTC Miner’s capitulation, the majority of major altcoins entered a fresh correction trend. However, due to its volatile nature and more speculating trading, the memecoin sector faced accelerated selling pressure in this downfall.

PEPE, the Frog-themed meme coin was among the high-performing assets amid the April-May market recovery. The bullish trend lifted the asset to a new high of $0.00001725 before it entered a new correction phase due to Bitcoin’s reversal from $71000.The bearish turnaround plunged the Pepe coin 30% down to trade at $0.000012, while its market cap wavered around $5.07 Billion.

This week was notably bearish for crypto investors as Bitcoin plunged to a 4-week low of $65000, likely influenced by factors like Pre-CPI data FUD, notable outflow in BTC ETFs, Bitcoin Miners capitulation, and whale distribution.

A recent lookonchain report highlighted the volatile journey of a trader with PEPE tokens. Initially buying 114.7 billion PEPE for $1.27 million, the trader saw potential profits soar by 50% to $670K when PEPE peaked at $0.0000017 on May 27.

However, failing to sell at this high, the trader watched as the value plummeted below his purchase price. Ultimately, he sold all holdings at the break-even point, missing out on substantial gains.