PEPE Rally Stalls as Musk Effect Fades Is this the start of a bigger decline?

Pepe has increased 7% in 24 hours to $0.0000207 as the crypto market recovers.

A New Year's Day bounce has helped PEPE recover from a rough week, with the meme token up 18% in seven days.

However, it is only up 1% in a month, raising worries about whether it can recover to its all-time high in early December during the post-election bull bounce.

However, Elon Musk's short usage of Pepe for his X profile photograph suggests the currency will climb aggressively this year.

PEPE Rally Stalls as Musk Effect Fades—Is This the Start of a Bigger Decline?
PEPE had been struggling before the New Year, with Christmas Day not cheering him up.

After Elon Musk changed his X profile photo to Pepe, it recovered.


PEPE fell again following its Musk-induced rally, although it has climbed 7.5% since reaching $0.00001915, its 24-hour low.

PEPE's 24-hour trading volume rose from $2 billion to $2.3 billion in hours this morning, reflecting this enthusiasm.

Its relative strength indicator (purple) is increasing again, indicating purchasing pressure.

After rising above the 200-period average (blue) on New Year's Eve, the 30-period average (orange) is rising.

Together, this shows PEPE has entered a growth phase like the market.

In addition to recent overselling, the US is approaching Donald Trump's inauguration, which is the main cause.

This might be a sell-the-news incident, but it will start a positive time for crypto.


With Paul Atkins as SEC Chairman, Congress is expected to pass pro-crypto legislation, and Trump may issue positive executive orders in his first few days.

PEPE, like other meme coins, is expected to rally as its ownership numbers climb continuously.

It may hit $0.0000250 in weeks and $0.000035 in Q2.

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