🐸🐸As PEPE has declined 12% from its recent all-time high of $0.000011, set last week after Roaring Kitty's unexpected return to X, traders are contemplating if now is the time to buy the dip. The price, which surged due to the renewed interest in meme stocks and coins, has since dropped to just above $0.000010. Chart analysis suggests it may be too soon to buy this dip.

🔮Despite the decline, PEPE remains supported by key short-term moving averages and is still trading at a significant premium. Earlier this week, it broke through an ascending triangle pattern. Traders considering a long position should wait for a retest of the upper boundaries of this rising triangle. A solid support level is expected around $0.00000920.

With a market cap just under $4.3 billion, PEPE has potential for further growth, especially as its popularity rises. Bullish investors believe PEPE could eventually compete with leading meme coins DOGE and SHIB, which have market caps of $21.9 billion and $14.6 billion, respectively. Dogecoin has 3.9 million Twitter followers, while Shiba Inu has 3.8 million.#MemeWatch2024 #Pep #Doge #Shib $PEPE

🐸🐸#PEPE is leading a surge in the market, outpacing other meme coins with a rise of over 10%, potentially heading towards $0.0000125.
It's surpassed key levels like $0.0000110 and the 100-hour SMA. The hourly chart on Kraken suggests resistance at $0.0000115, but if breached, it could trigger a rally.
Despite a possibility of a bearish correction if it fails to break $0.0000115, indicators like MACD and RSI remain positive, with support levels at $0.0000110 and $0.0000105.#Memecoins #altcoins #Pep $PEPE

#Pep Alert:🐸🐸🐸

The analysis suggests that PEPE coin has solid support at $0.00001020, with potential to reach $0.00001500 if it stays above this level.
There's also a chance of retesting down to $0.00000950. Keep a close eye on the market for profit opportunities, but remember to do your own research as this is just market analysis, not financial advice. #ETFvsBTC #Memecoins $PEPE

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