Why PEPE and These Altcoins Could Rise After the Recent Bitcoin Crash
PEPE price has been flashing buy signals according to on-chain metrics following the recent Bitcoin crash. Pepe and these 2 coins could see a major comeback if BTC recovers.
Bitcoinâs drop below $60,000 this week has created fear, uncertainty, and doubt (FUD) among market participants. While the current consolidation trend does not show any clear signs of a bottom forming, altcoins such as Polygon (MATIC), Pepe coin (PEPE), and Cardano (ADA) that are also oversold have high potential for a price reversal
Usually, long-term investors accumulate in these areas as the risk of further sell-offs is minimized. Therefore, these tokens have the highest probability of a comeback if the crypto market recovers.
Frog-themed meme coin PEPE witnessed a significant drop from $0.0000088 to $0.00000728, recording a weekly loss of 17.2%. The falling price is likely to seek support at the wedge pattern at $0.00000645 before the next recovery bounce.
If the expected Bitcoin drop below $55000 fails, PEPE price may recover and break the dynamic resistance. Breakout of bull market will accelerate bullish momentum and target $0.000013 and project potential growth of 82% from current price
$MATIC $ADA
