Analysts are beginning to anticipate a positive breakthrough as the Pepe Coin (PEPE) price consolidates below $0.0000080. Some experts are even anticipating a 61% rebound to July highs at $0.000013.
Since reaching its all-time high in May, the price of Pepe Coin has been steadily declining.
It has also fallen below its 200-day moving average (DMA), which served as resistance at its most recent price of $0.0000085.
But the bears shouldn't celebrate just yet.
Tomorrow, Federal Reserve Chair Jerome Powell is anticipated to approve a slew of interest rate reductions.
A Pepe Coin Panic on the Horizon?
Improved liquidity is on the horizon as a result of falling US interest rates.
And when that fresh cash begins to trickle in, it often seeks refuge in riskier investments.
A new meme coin season may begin if that happens.
Pepe currency is in an ideal position to reap the benefits since it is a top meme currency.
Potentially approaching shortly is a retest of the $0.000011 region, which is the upper limit of the current downturn.
In addition, a return to the July highs at $0.000013 would be imminently possible if this level were to be broken.
A 61% increase from where it is now would be shown by that.
Is a Bullish Breakout Soon? Pepe Coin Crammed for 61% Gain!
A meme coin surge driven by liquidity won't end there, however.
Pepe Coin and other prominent meme currencies have the potential to rapidly reach new all-time highs, maybe even surpassing their previous records by a factor of two or three.
Although meme currencies aren't for the faint of heart, Pepe Coin is undeniably a top cryptocurrency to purchase right now.
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