PEPE Coin Experiences Significant Price Fluctuations
Release: 2024/08/04 01:09 Reading: 778
PEPE Coin Price Fluctuations
In June, during a market lull, PEPE Coin emerged as a standout performer, experiencing a sustained rise. Despite not being among the popular meme coins like DOGE or SHIB, PEPE surged, only to face a sharp decline of almost 50%. Investors are now curious about the future trajectory of PEPE.
Current PEPE Coin Status
Recent price fluctuations have marked PEPE's performance. Over the past three days, PEPE lost its support at 0.000009, dropping by 20% after a consolidation pattern breakdown.
This price movement indicates a decline, especially since PEPE seemed to have exited the consolidation phase. Investors' hopes for recovery appear to be fading. As of now, the token's price has fallen below the key support level of 0.000009022 dollars, potentially leading to further losses.
Outflows and Profitability
Coinglass data reveals significant chart fluctuations, with periods of intense inflows and outflows. Outflows have been increasing alongside the price drop, indicating that investors may be losing hope and selling, which could contribute to further price declines.
Data from IntoTheBlock suggests that 72.85% of PEPE addresses are currently in profit, having bought at lower prices than the current level. However, the remaining 23.37% of investors who are at a loss may increase their selling, applying pressure on the price.
Market Correlation and Future Outlook
PEPE's price decline coincides with the overall market trend. A further drop in Bitcoin (BTC) could result in a deeper decline for PEPE.
The future trajectory of PEPE remains uncertain, as it is influenced by both market conditions and investor sentiment, which have been particularly volatile in the cryptocurrency space.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com