#Write2Earn #Write2Earn The PEPE price has increased since February, breaking out from horizontal and diagonal resistance levels.
Has PEPE begun a new bullish trend that will take it to new highs, or is this just a relief rally? Let’s find out!
PEPE Reclaims Resistance The technical analysis of the daily time frame shows that the PEPE price has fallen under a descending resistance trend line since December 2023. The downward movement led to a low of $0.00000086 on February 5, 2024.
PEPE has increased since, reclaiming the $0.00000100 horizontal area. The price also broke out from a descending resistance trend line, reaching a high of $0.00000131 today.
The daily Relative Strength Index (RSI) gives bullish signs. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset.
What Are Analysts Saying?
Cryptocurrency traders and analysts on X positively view the future PEPE trend.
Pepe Coin ($PEPE ) is a popular meme coin built on the Ethereum blockchain. Shortly after its public launch in April 2023, Pepe Coin became one of the most highly-traded crypto currencies.
How Pepe Coin Works
$PEPE has a maximum supply of 420,690,000,000 tokens. At the time of launch, 93.1% of the project’s tokens were in a liquidity pool, and the remaining 6.9% were allocated to a multi-signature wallet for future use.
Pepe Coin was originally designed to use a deflationary mechanism that burns a small percentage of tokens with each transaction. This was intended to create scarcity and hopefully increase the value of remaining tokens over time.
Binance is one of the largest cryptocurrency exchanges globally, offering a platform for trading various digital assets. It was founded in 2017 by Changpeng Zhao and quickly gained popularity due to its extensive range of supported cryptocurrencies, low trading fees, and user-friendly interface. Binance provides services such as spot trading, futures trading, staking, and more. It also has its native cryptocurrency, Binance Coin (BNB), which can be used to pay for transaction fees on the platform. #binance #platform
Cryptocurrency: Digital Assets in Decentralized Transactions
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates on a decentralized network, typically based on blockchain technology. Blockchain, the underlying technology, is a distributed ledger that records all transactions across a network of computers, providing transparency, security, and immutability to the data.
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