Rally

Pepe

NEXT GEN PEPE

<p>The post <a href="https://coinpedia.org/price-analysis/pepe-price-dips-is-a-25-drop-or-rally-on-the-horizon/">PEPE Price Dips: Is a 25% Drop or Rally on the Horizon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The frog-themed crypto project Pepe (PEPE) remains the most sought-after meme coin. The mid-cap altcoin, with a market capitalization of about $5.795 billion, had the highest daily traded volume of about $2.624 billion in the meme coin industry. The prior spot Ethereum ETF hype triggered a notable rise in <a href="https://coinpedia.org/price-analysis/altcoins-rally-halts-ethereum-classic-and-ena-price-hints-at-a-10-downtrend/" target="_blank" rel="noreferrer noopener">Ether-based altcoins</a>.</p> 
<p>However, the <a href="https://coinpedia.org/news/big-win-for-ethereum-as-the-sec-approved-spot-ethereum-etfs/" target="_blank" rel="noreferrer noopener">approval of eight spot Ether ETFs</a> in the United States on Thursday has turned out to be a classical sell-the-news event. Moreover, the total crypto market cap has since dropped around 4 percent in the last 24 hours to about $2.63 trillion.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-pepe-price-at-a-crucial-crossroads-nbsp">Pepe Price at a Crucial Crossroads&nbsp;</h2> 
<p>According to the latest crypto data, Pepe’s price dropped around 6 percent in the last 24 hours of trading at about $0.0000136 on Friday during the mid-London session. Consequently, Pepe’s price against the US dollar must defend the lower bottom of a bullish flag to avoid further capitulation over the weekend.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> Trading Alert <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw">#PEPE</a> is currently at a critical support level of $0.000014. If it loses this support, we could see a potential 25% drop.<br>Keep a close watch on this level. As long as PEPE/USDT stays above this support, a bullish move is likely to continue.<br><br>Support… <a href="https://t.co/KDZUvyZMHP">pic.twitter.com/KDZUvyZMHP</a></p>— Crypto Patel (@CryptoPatel) <a href="https://twitter.com/CryptoPatel/status/1793915625514914091?ref_src=twsrc%5Etfw">May 24, 2024</a>
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<p>According to a popular crypto analyst alias Crypto Patel, Pepe’s price could drop as much as 25 percent if the bulls do not establish dominance now.&nbsp; In case of a sustained crypto bearish outlook, the analyst has set the next major support levels for Pepe at around $0.000010.</p> 
<p>On the other hand, Pepe’s price could rally as much as 25 percent towards $0.000017, which coincides with the 2.618 1-hour Fibonacci Extension.</p> 
<h2 class="wp-block-heading" id="h-why-bet-on-pepe">Why Bet on Pepe?</h2> 
<p>The meme coin industry will largely dominate the ongoing crypto bull market after showing impressive performance in the past few months. The frog-themed meme coin takes pride in notable institutional support including Coinbase and Binance listing. As of this writing, Pepe had around 227k holders according to on-chain data.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/top-19-altcoins-to-stack-now-for-higher-return/">Top 19 Altcoins to Stack Now For Higher Return&nbsp;</a></p>

PEPE Price Dips: Is a 25% Drop or Rally on the Horizon?

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