#加密市场盘整
PEPE coin plummeted 6.18% in 24 hours! The market changes suddenly, where will retail investors go?
This decline brings PEPE closer to its short-term support level of $0.00002141. Recently, PEPE encountered strong resistance near $0.00002365 and failed to break through, which suggests that unless the bulls return, the price may fall further to $0.00002100 or even lower. The 24-hour trading volume is about $2.3 billion, showing high market activity, and sellers are currently dominating the short-term trend.
From the 4-hour chart, PEPE's price trend shows a series of lower highs, confirming the existence of short forces. If the support level of $0.00002141 is lost, it may trigger a larger decline and test $0.00002100. However, if it can rebound above $0.00002292, bulls may have a chance to hit $0.00002365 or even higher. Traders should keep a close eye on these key price levels and be extra cautious about further declines as volatility increases.
Looking ahead, different analyses have different price predictions for PEPE by the end of 2024. Changelly's AI algorithm predicts an average price of $0.0000669, CoinPedia predicts an average price of $0.0000546198, CoinCodex predicts a maximum price of $0.00007616, and AMBCrypto's analysis believes the average price is $0.000024.
It should be emphasized that the cryptocurrency market is extremely volatile and these predictions should be treated with caution. Market dynamics change rapidly, and investors should conduct in-depth research and consider multiple factors before making investment decisions.
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