Will PEPE Memecoin Reclaim $0.000015 or Plunge to $0.000006 This November?
Release: 2024/11/03 19:24 Reading: 811
Cryptocurrency Market Correction in November
The month of November began with a downturn in the cryptocurrency market, resulting in substantial value corrections for top tokens. Many projects experienced double-digit percentage drops.
PEPE Price Analysis
Recent Performance:
- 5.81% decline in the past 24 hours
- Trading volume of $432.57 million
- 6.48% drop in the past week
- 7.22% decrease in the past 30 days
Market Position:
- Market cap: $3.522 billion
- Ranked 24th among cryptocurrencies
Technical Indicators:
- Simple Moving Average (SMA) acting as resistance
- MACD indicator shows a declining pattern
- Red histogram indicates continued price decline
Short-Term Outlook:
Bullish Scenario:
- Bulls regain momentum
- Resistance level of $0.00001150 may be retested
- Potential rise towards $0.0000141
Bearish Scenario:
- Bears maintain momentum
- Retest of support level at $0.00000625
- Potential drop towards lower support level of $0.00000400
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