PEPE Price at Risk as Whales Begin to Retreat
PEPE price might fail to notice a rally as investors are creating a bearish atmosphere for the meme coin.
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PEPE price might fail to notice a rally as investors are creating a bearish atmosphere for the meme coin.
Upbit cryptocurrency exchange has officially announced the addition of BRETT and Pepe Coin to its trading platform. The announcement detailed that the trading support for BRETT and PEPE would commence at 19:30 on August 20th, with deposits and withdrawals opening two hours prior from the time of the notice.
The Pepe (PEPE) price has soured 5% in the past 24 hours per CoinMarketCap, as volumes pick up and cryptocurrency markets rally across the board.
According to CoinGecko, the celebrity meme coin Gigachad is still up 91% in the last fourteen days and boasts a market cap exceeding $200 million
Pepe Coin is poised for an even bigger move up as it consolidates after a small 4% pullback. Market corrections have been seen to pave the way to huge trends, and the coin has regained an important support level.
As Bitcoin (BTC) continues to traverse sideways, the altcoins are certainly not going to outperform. This is even more so the case with memecoins.
Stand aside Pepe (PEPE), after a major -41% PEPE price crash, smart money investors are rapidly rotating into a nearly $10M valued challenger – Pepe Unchained – on an intrepid quest to supercharge the frog coin ecosystem.
Pepe Coin price suffered over the weekend as it dropped below a crucial support level. Nevertheless, whale activity increased as an on-chain analytics firm noticed some large investors from Kraken picking billions of PEPE.
Will whale interest initiate price rebound for PEPE?
Meme coins are just jokes, but over the past 24 months many delivered far more ROI than Bitcoin or Ethereum. This week's biggest losers were still on sale Saturday.
Pepe coin price saw a 2.3% jump during Monday's session as the crypto market experienced a relief rally. As Bitcoin attempts to reclaim $60,000, the volatile meme cryptocurrency sector, including Pepe, shows significant growth.
Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears gaining control and eyeing further downside towards the $00000589.
Cryptocurrency prices remained under pressure on Monday, continuing a trend that has happened in almost two weeks.
PEPE price is currently noting bearishness owing to the broader market cues, but this could turn around.
Pepe (PEPE) Price Analysis The latest bearish action has compelled the Pepe price to drop below the lower support, which had formed a strong base since the start of the month. At the start of the month slashed the price. by over 40%; however, the bulls entered and dominated the rally.
According to on-chain data, here's how the percentage of holders in profit differs between Dogecoin (DOGE), Shiba Inu (SHIB), and other memecoins.
An uptick in the OBV would be hugely encouraging, as would an RSI crossover above neutral 50.
This week, the meme coins market has witnessed a noticeable decline in activity, with the sector's capitalization dropping 5% over the past five days.
The Bitcoin crash below $60000 this week has raised Fear, uncertainty, and doubt (FUD) among market participants. While the current consolidation trend projects no clear sign of bottom formation, altcoins like Polygon (MATIC), Pepe coin (PEPE), and Cardano (ADA) in the oversold state hold a high potential for a price reversal.
As Ripple (XRP) investors eagerly anticipate a price surge to $0.60, a new player in the cryptocurrency market is capturing significant attention: Mpeppe (MPEPE). This emerging ICO is quickly drawing interest from notable Pepecoin (PEPE) whales, and here's why the buzz around Mpeppe (MPEPE) is worth watching.
Pepe price is overall down for the week, but the bear pressure remains relentless. Technical indicators suggest the price of PEPE still has some more downside distance to cover.
The price of Pepe ($PEPE), the third largest meme coin on the market and the biggest in the non-doge category has crashed 9.5% overnight, posting the largest losses among the sector's big three.
PEPE whale's quick flip signals volatility in the memecoin token market.
The meme coin market saw a major shake-up in the last 24 hours as a huge transfer of Pepe Coin (PEPE) took place. As on-chain data from Lookonchain revealed, a high-profile investor sold a whopping 500 billion PEPE, valued at around $4 million, directly to Kraken, a top U.S.-based crypto exchange.