PepeCoin

<ul><li>Pepecoin&#39;s surge in late September faced strong resistance at its 50-day EMA, sparking concerns of a potential downturn.</li><li>Despite a recent influx of new holders, on-chain indicators suggest reduced blockchain activity compared to May.</li><li>Binance&#39;s Pepecoin wallet remains a dominant player, holding a significant portion of the circulating supply.</li></ul>Pepecoin&#39;s recent price movements have garnered significant attention in the cryptocurrency world, with a notable correlation to Bitcoin&#39;s price trends in late September. During the final week of the month,<a href="https://www.tradingview.com/symbols/PEPEUSDT/" rel="noopener noreferrer nofollow"> Pepecoin </a>experienced a remarkable surge of over 37%, reaching a peak of 0.00000085 against Bitcoin. However, this surge was met with resistance as Pepecoin retested its 50-day exponential moving average (EMA), marking a critical point on the charts.The subsequent correction in Pepecoin&#39;s price was accompanied by a substantial 40% increase in trading volumes, suggesting a decisive bearish sentiment among Pepecoin traders. This development raises concerns of a potential further decline below the 20-day EMA (the red wave on the charts), which could drive the PEPE price down to a local support target of $0.00000066.Pepecoin (PEPE) is currently valued at<a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow"> $0.0000007343</a>  indicating a decrease of 9.90%, in the last 24 hours. However over the course of the week the price of this cryptocurrency has experienced a 4.10% increase. With a circulating supply of 420 trillion PEPE tokens, the market cap stands at $310.5M.Read full article at <a href="https://cryptotale.org/pepecoins-crypto-drama-bullish-hype-vs-bearish-reality/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Pepecoin's Crypto Drama: Bullish Hype vs. Bearish Reality

CryptoTale

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