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$PEPE Coin Important Price Update For Traders 🐸
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Pepe Coin (PEPE) recently experienced a 25% price drop after peaking at $0.0000172 in late May, falling to $0.00001274 with its market cap at $5.36 billion. As Bitcoin struggled above $70,000, the broader cryptocurrency market faced downward pressure, suggesting a period of correction or consolidation.
Since mid-April, PEPE saw a 335% rise from $0.00000393 to $0.000017, driven by an ascending trendline. However, Bitcoin's recent consolidation has slowed the altcoin market's recovery, causing PEPE to drop below its support level.
The breakdown indicates potential further declines to $0.00000881 or $0.000006. A recent long tail rejection candle shows interest in buying PEPE at lower prices.
Nascent, a venture capital firm, purchased 447.67 billion PEPE tokens worth $5.48 million, achieving a 4.8% unrealized profit. PEPE is now Nascent’s top asset, with an estimated total profit of $2.45 million.
For a rebound, PEPE needs to stabilize above $0.0000108 and overcome resistance at $0.000017. The 50-day EMA provides additional support at $0.0000108, while a drop in the ADX slope to 32% suggests the current correction may recover the bullish momentum.
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#TopCoinsJune2024 #PEPE
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Pepe Coin (PEPE) recently experienced a 25% price drop after peaking at $0.0000172 in late May, falling to $0.00001274 with its market cap at $5.36 billion. As Bitcoin struggled above $70,000, the broader cryptocurrency market faced downward pressure, suggesting a period of correction or consolidation.
Since mid-April, PEPE saw a 335% rise from $0.00000393 to $0.000017, driven by an ascending trendline. However, Bitcoin's recent consolidation has slowed the altcoin market's recovery, causing PEPE to drop below its support level.
The breakdown indicates potential further declines to $0.00000881 or $0.000006. A recent long tail rejection candle shows interest in buying PEPE at lower prices.
Nascent, a venture capital firm, purchased 447.67 billion PEPE tokens worth $5.48 million, achieving a 4.8% unrealized profit. PEPE is now Nascent’s top asset, with an estimated total profit of $2.45 million.
For a rebound, PEPE needs to stabilize above $0.0000108 and overcome resistance at $0.000017. The 50-day EMA provides additional support at $0.0000108, while a drop in the ADX slope to 32% suggests the current correction may recover the bullish momentum.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#TopCoinsJune2024 #PEPE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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