Meme coin PEPE has shown resilience in the face of Bitcoin’s recent price decline. While other coins has shown single and double digit losses, Pepe coin has been relatively stable. Pepe coin is holding above the $0.00001 level and is trading at $0.00001073.
Analysts Weigh In on PEPE’s Performance
Crypto Michael, a prominent cryptocurrency analyst, has expressed extreme bullishness on PEPE coin. He points out that PEPE has successfully retested a key support level against Bitcoin and, notably, has not made a lower low despite Bitcoin’s recent downturn.
This decoupling from Bitcoin’s price action is seen as a major indicator of PEPE’s underlying strength. Michael predicts that when Bitcoin eventually bounces back, PEPE could experience an explosive upward movement.
Similarly, analyst Davie Satoshi has drawn attention to PEPE’s performance, noting that all eyes are on the meme coin as it continues to hold its support level despite the broader market downturn. This observation further reinforces the narrative of PEPE’s resilience and potential for near-term gains.
