The Road to Recovery for PEPE - Interest Rates Up by 10%, But Is That Enough?

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In the past week, PEPE has encountered a significant price correction. However, in the last 24 hours, the memecoin has shown signs of recovery, and key indicators support this indication.

Therefore, AMBCrypto conducted further investigations to determine whether this price increase could lead to a comprehensive recovery.

Is PEPE recovering?

In the past week, PEPE's price has experienced a double-digit decline. Specifically, its value dropped by more than 20% in just 7 days. However, the memecoin successfully rebounded in the last 24 hours, with its value increasing by over 10%. At the time of writing, the trading price of the memecoin is $0.00001876.

As the memecoin's price rises, its trading volume has also increased by 39%, surpassing $5 billion. Whenever trading volume rises along with prices, it indicates a high possibility of a prolonged bull market.

In fact, it's worth noting that memecoins driven by market speculation and trends often suffer the most during price corrections.

On the other hand, when market conditions improve, they also experience significant rises. But does this mean that PEPE will see a large-scale bull market rebound?

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