*Rise and predictions of the PEPE coin.*
PEPE Coin, a meme coin that has become popular recently, has been greatly affected by the rise of Bitcoin this year. While new investors come into these types of coins hoping to make quick profits, sometimes the value of their wallet can decrease faster than they expected. PEPE Coin price has increased significantly according to recent estimates.
*The rise of the PEPE currency*
PEPE Coin price has reached an all-time high with a 63% increase since the end of February. However, this increase came with fluctuations in the price of Bitcoin. Approximately $110 million worth of PEPE Coin was purchased at the maximum, and investors may refrain from selling if the price remains within the current range.
*PEPE coin predictions*
PEPE Coin price is currently below the 50-day moving average and is at risk of losing the support level. If the support zone cannot be held, investors who buy at high levels can sell quickly. If short-term investors are worried about the price falling further, they may sell more quickly than
medium and long term investors.
The bearish scenario foresees that the price returns to the initial level of rise in February. If this drop occurs, the value of PEPE Coin could drop significantly, marking the end of Bitcoin's rally. We may see significant price movement over the next week.
