After the PEPE coin plummets: Risks and opportunities coexist
PEPE coin plummets, is it a treasure hunt or a warning of risks?
As the leading meme in the ETH community
Pepe is obviously in the correction stage. It feels like the market is just recovering. When the ETH market picks up, Pepe will definitely return to its peak market value.
The meme token PEPE has experienced significant price fluctuations recently. After hitting an all-time high on May 27, its price fell sharply, falling as much as 45% in 24 hours to $0.00001218. Despite the violent fluctuations in the short term, PEPE still maintained a 6% growth in terms of monthly performance and achieved an astonishing 1,200% increase in the past year.
This price drop may provide investors seeking investment opportunities with a window to purchase PEE tokens at a low price, as one of the most anticipated meme tokens in the market.
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PEPE has great price recovery potential
PEPE’s relative strength indicator is gradually recovering and its price has also rebounded slightly. At the same time, the coin’s 30-day moving average shows a possible trend reversal, which may be a positive sign.
PEPE's support and resistance levels are also gradually converging, which may indicate that the token is about to face a major price adjustment. Coupled with the launch of the newly authorized Ethereum ETF and the possible interest rate cut environment that the world may enter, these factors are possible Boosting demand for PEPE and bullish market sentiment
