Pepe coin price analysis: Despite the recent decline and loss of key support, potential buying interest at lower prices may indicate that PEPE is expected to recover.
Key points
- Whales accumulate PEPE when the market falls, preventing the price from a long-term correction.
- The 24-hour trading volume reached $1.92 billion, indicating an 80% increase.
- After PEPE peaked in late May, the price fell 25%, and the market value fell to $5.36 billion.
- Since mid-April, PEPE prices have risen sharply under the influence of the rising trend line, but the recent loss of support levels may increase selling pressure.
- Nascent Capital purchased 44.767 billion PEPE tokens when the price fell, and currently has an unrealized profit of 4.8%.
- The 50-day EMA provides additional support for buyers to prevent the price from falling for a long time.
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