Cryptocurrency market earthquake! PEPE plummeted 6%, will it trigger a chain reaction?
Friends, the cryptocurrency PEPE has been a bit miserable recently. In the past 24 hours, it has dropped by almost 6.18% in price, from $0.00002315 to $0.00002176.
This drop is about to hit the so-called "support level" of $0.00002141.
Moreover, it wanted to rise at $0.00002365 before but was blocked, which means that there is a lot of pressure on it now and it is not easy to rise. Unless more people think it will rise, it may continue to fall to $0.00002100 or even lower.
In the past 24 hours, the trading volume of PEPE was $2.3 billion, which shows that the market is still quite active, but now there are more sellers than buyers, so the price has fallen.
From the 4-hour chart, the price of PEPE has been going down, which means that everyone is not optimistic about it now. If the support level of $0.00002141 cannot be maintained, it may fall further and may try $0.00002100.
However, if it can rise above $0.00002292, it may rise to $0.00002365 or even higher.
How will PEPE go in the future?
Everyone has different opinions. Some institutions say that by the end of 2024, it may rise to $0.0000669, some say it is $0.0000546198, and some say it can rise to $0.00007616, but one institution says it may still be only $0.000024.
However, everyone should know that the cryptocurrency market is very, very unstable, and these predictions are just everyone's opinions, not necessarily accurate. So, if you want to invest in PEPE or other cryptocurrencies, you must do more research and think about various possible situations, and don't blindly follow the trend.
For the next layout direction, I will take everyone to aim at the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
