$PEPE 🐳 See what meme whales are buying!🔥
💡According to data provided by CoinMarketCap, despite the drop, the leader of the frog-themed meme, #Pepe, was among the coins that resisted and limited the declines despite the market declines in the last 24 hours. PEPE's 24-hour trading volume during this period exceeded $618 million, surpassing top meme coins such as Dogecoin $DOGE and Shiba Inu $SHIB.
🔎Meme coin recently suffered huge drops due to a market correction and dropped 24% last week. However, according to data provided by on-chain analytics firm IntoTheBlock, despite the price drop, the majority of PEPE investors still continue to trade profitably.
💸 Future $PEPE
On the other hand, PEPE continues to show a downward trend. The Relative Strength Index (RSI) continued to trade in the 30-40 region, which was interpreted as strong selling pressure.
Since the 40-50 area is generally considered a good support level during a bull market, a move above 40 could support the bullish outlook. The trading volume (OBV) has changed in a similar way to the price trend, indicating that the trend, i.e. a downtrend, may continue.
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