Important news!!!
Is Pepe still doing well in the bull market?
The cryptocurrency market is not doing well today, but Pepe rose 1% to $0.00001244 in 24 hours.
It fell 18% in a week, but the 26th largest token meme currency in the market rose 42% in a week and soared 1200% in a year.
Pepe's surge this time may bring medium- and long-term upward momentum. After two weeks of decline, its return today may indicate a new upward trend.
After having no advantage for most of this week, the chart shows that it will rise again. The relative strength index fell below 20 and then rebounded to more than 50. It fell and climbed again this morning, indicating that buyers are buying Pepe at a low price and momentum is recovering.
The 30-day average of altcoins bottomed out, suggesting a comeback.
If a large trader places a large number of meme token purchase orders, Pepe may rise. Some whales are still buying Pepe to take advantage of discounts. They have meme token treasure chests worth nearly 9 million. I believe it will rise again.
After a bad week, the market should rebound to support Pepe prices. Macroeconomic factors also support it. The European Central Bank cut interest rates sharply last week, and the Bank of England may do the same in the summer. This will increase market sentiment and demand, and push up cryptocurrency prices, especially Pepe.
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