🐸📉 Will PEPE Rise Again After Recent Drop? 📈🐸
After hitting an all-time high of $0.00001526 yesterday, Pepe has lost 4.5%, dropping to $0.00001365 in the last 24 hours. Despite the decline, the meme currency remains the best performing top 100 token, up 37% in the week and 74% in the month. 📉📈
PEPE Performance
PEPE has surged 820% over the past month, indicating strong long-term momentum that will likely continue after today's decline. The recent approval of an Ethereum ETF could make the market optimistic again, potentially pushing PEPE to a new all-time high. 📊🚀
Current Market Analysis
PEPE appears to be losing momentum after an aggressive spike earlier this week, with indicators pointing to a pullback. The relative strength index (RSI) fell from 70 this morning to almost 40 at the time of writing, indicating a possible continuation of the decline the following day. Additionally, the coin's 30-day moving average has started to fall below its 200-day average. 📉🔍
Retrace Potential
PEPE may experience a week-long retracement after hitting several new highs recently. However, trading volume remained near a record high of $2.4 billion, with whales continuing to buy the token over the past 24 hours. This strong demand and interest could lead to an increase in price, allowing PEPE to break through its previous high again. 💸📈
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Price Prediction
Given the strong demand and market optimism, PEPE price may rise to $0.0000150 in the next few weeks and potentially reach $0.000020 in Q4. 🤑🚀
