Can PEPE return to its peak? $PEPE

The PEPE coin reached its all-time high of $0.0000172 on May 27, 2024, marking a new milestone.

However, profit-taking subsequently occurred in the market, causing the PEPE price to fail to maintain its high level and undergo a 33% adjustment.

Currently, the circulation of PEPE coins has reached 100% of the total supply.

Technical analysis shows that the trading volume of PEPE on the BTC trading platform has increased by 50% in the past 24 hours, and the price has shown a trend of holding and an upward pattern.

Although the increase in trading volume may drive further gains, it has also triggered a market correction.

In the current market environment, if the price of PEPE falls below the trend line and continues to move downward, it may increase the confidence of sellers.

In particular, if the price falls below the key support level of $0.00000900, it may be regarded as a bearish signal, indicating that further declines may be towards the 200-day exponential moving average.

Overall, according to current technical data and chart analysis, PEPE coin is at a critical development node and may achieve a 30% increase in the next week.

Under current market conditions, PEPE coin has the potential to rise sharply in China.

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