(FOLLOW ME ❤️ 🫶)
PEPE, the popular memecoin, faced a tough week with its price dropping over 20%. However, in the last 24 hours, it managed to bounce back by 10%, currently trading at $0.00001876. Here's a quick breakdown of the situation:
Signs of Recovery 📈
Trading Volume Surge: PEPE's trading volume shot up by 39%, crossing $5 billion. Higher volume with price increases often hints at a bullish trend.
Buying Pressure: More PEPE is being moved off exchanges, showing growing investor confidence.
But Not All is Rosy ⚠️
Whale Movement: Big investors are selling, as seen by a drop in supply held by top addresses.
Mixed Signals:
The RSI shows rising buying pressure, which could sustain the recovery.
However, the MACD indicates bearish momentum, suggesting another dip might happen.
The Market Mood 🧠
The fear and greed index is at 24%, meaning “extreme fear” is driving the market. Historically, such conditions sometimes lead to surprising rallies, especially for volatile assets like memecoins.
While PEPE’s bounce-back is encouraging, the situation remains unpredictable. Keep an eye on the charts!
#PEPE #BTC #ETH #Binance #BNB