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After soaring to a record high in December, the Pepe coin price has tumbled by over 70% and is hovering at its lowest level since November 5. While Pepe's trend remains bearish, it has formed a bullish falling wedge pattern, while the MVRV-Z score has moved to the buy zone, pointing to a 245% surge.
After losing critical long-term support, Pepe has entered a crucial discovery phase. The post Is PEPE About to Crash? Price Drops 9.9% – Where's It Heading Next? appeared first on Cryptonews.
Cryptocurrency prices plunged on Tuesday, extending a downtrend that began in November last year. Bitcoin (BTC) fell below the critical support level of $89,220, reaching an intraday low of around $86,000.
DOGE, SHIB, PEPE, and BONK are seeing massive losses, while BTC and XRP continued to outperform, maintaining significant post-election price gains.
Bitcoin and most altcoins crashed on Tuesday morning, continuing a trend that has been going on in the past few months. BTC crashed to $91,000 for the first time since February 3rd and 15% below its highest level this year. Other altcoins were also in the red.
If buyers decide to step in, PEPE could hold above its crucial $0.00000780 and $0.00000840 levels and move to $0.00001050.
Pepe Coin price has been struggling recently, experiencing a decline in the past month alongside the broader crypto market downturn. However, the addition of 1.38 trillion PEPE tokens to open interest has raised questions about the potential for a price surge.
PEPE has witnessed a notable decline in whale transfers in the past 90 days. IntoTheBlock data shows large transactions plunged from December 9 at 1,520 to this week's 155. That reflects a significant 880% dip, indicating dwindled whale interest in the frog-themed token.
A widely followed cryptocurrency commentator made a bold prediction about the potential of the frog-themed token Pepe (CRYPTO: PEPE) on Sunday, likening its structure to that of Dogecoin (CRYPTO: DOGE) during the 2021 bull market. What Happened: Iyx, known for studying chart patterns of popular meme coins, said that the potential of PEPE's next move is “unlimited,” drawing a parallel with Dogecoin's explosive run to $90 billion market valuation in 2021.
Pepe price has gone through a downswing in response to the increased bearish market conditions led by the recent, and possibly the biggest, crypto hack. The Bybit hack led to the loss of over $1.5 billion, leading to all high-cap tokens tumbling, with Pepe being one of the victims.
Mutuum Finance (MUTM) is racing ahead as one of the most explosive opportunities in the crypto market, with its opening presale phase already nearing a sell-out. Over $1 million has poured into the project within days, fueled by a surge of 2,300 early holders scrambling to lock in tokens at the current price of $0.01.
PEPE could be set for more downside, but is that the full story?
PEPE price surged 6%, defying market turmoil after Bybit's $1.4 billion hack—could this be the start of a major rebound? PEPE rebounds 6% as traders bet on Ethereum gains from Bybit Hack PEPE suffered considerable losses on Friday, mirroring the $75 billion crypto market capitulation in the aftermath of the Bybit hack.
Frog-themed cryptocurrency PEPE rose 6% alongside the larger crypto market in the early Friday session on news that the U.S. Securities and Exchange Commission (SEC) is set to drop charges against the Coinbase crypto exchange.
Rexas Finance is emerging as a meme coin contender, poised to surpass PEPE and change the DeFi market. #partnercontent
The market intelligence platform IntoTheBlock has revealed how Pepe & other memecoins are currently going through a decline in on-chain activity.
Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010.
Glauber Contessoto, popularly known as SlumDOGE Millionaire , advocated buying ‘conviction plays' like frog-themed Pepe (CRYPTO: PEPE) on Thursday, amid a broader slump in the meme coin market. What Happened: SlumDOGE Millionaire encouraged his X followers to seize the opportunity presented by the ongoing correction to invest in meme coins “like there's no tomorrow.
The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE.
Data shows the Dogecoin Open Interest has seen a large drop recently. Here's how the trend has compared for Shiba Inu and other memecoins.
The Pepe price has been navigating extreme volatility throughout February, but recent whale activity may be hinting toward a bottom. The post PEPE Trading Volume Explodes 164% – Are Whales Preparing for $1 PEPE? appeared first on Cryptonews.
Pepe (PEPE) price, the frog-themed memecoin, has seen a sharp decline, losing 40% of its value over the past month. After briefly touching $0.000028, the token struggled to maintain momentum and is now facing further downside risks.
The crypto market is having a hard time gaining positive movement, and meme coins are particularly suffering. This has caused the price of PEPE to stabilize within a bearish region for an extended period. Also, on-chain metrics indicate a possible 20% drop in value because buyers couldn't overcome resistance levels.
According to on-chain analytics platform Glassnode, frog-themed cryptocurrency PEPE has seen a major deleveraging as Futures Open Interest across the meme coin sector has dropped significantly since their peaks.
