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Pepe currency shows resilience and the market’s bullish power appears

Amid recent market volatility, while mainstream cryptocurrencies such as Bitcoin have experienced significant price declines, Pepe has shown unusual resilience in the face of this countercurrent. According to market analysis, the number of Pepe coins held has increased by 5.76% in the past month, and the number of its holders has increased by 0.01% in the past 24 hours.

From a macro market perspective, the total market capitalization of the entire cryptocurrency market has shrunk by 4.7% in the past 24 hours due to the plunge in Bitcoin prices. However, in such a market environment, although the price of Pepe currency has also fallen, some positive signals have appeared on its price chart.

Although the price of Pepe has fallen by 10.4% in the past 24 hours, a closer look at its price dynamics reveals some bullish signs.

From a technical analysis perspective, Pepe Coin’s price remains firmly above the 200-day simple moving average (SMA), an important technical indicator that is often viewed as a key reference for price trends. Furthermore, according to the predictions of some experts, the price of Pepe Coin is likely to rise to 0.0001108, which would be around 260.00000650.

Let’s look at another important technical indicator - the 14-day relative strength index (RSI). The current RSI value of Pepe coin is 34. This value shows that the currency still has a lot of room to rise in the current market environment. .

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