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$PEPE Pepe (PEPE) Follows Bullish Rally – Short Analysis by CoinPedia
On the 1D chart, the price trend of PEPE$BTC is showing a massive overnight increase of 24.63% to form a bullish candle. The sudden jump in meme money indicates a successful retest of the 50% Fibonacci level.
PEPE's price ranks 24th in the cryptocurrency world with a market capitalization of $4.65 billion. In addition, the transaction volume of $2.24 billion, up 182% in 24 hours, reflects the increase in buying activity.
Additionally, memecoin closed strongly last night at $0.00001142. However, the intraday decline of 2.90% reflects a minor correction and fatigue among buyers.
If the uptrend continues as the broader market rebounds, the upside in PEPE price could reach the $0.000019 mark at the 1.618 Fibonacci level.
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