2024

Bitcoin

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<ul>
 <li>PEPE’s value surged due to Ethereum’s spot approval and Bitcoin nearing $70,000.</li>
 <li>Signs suggest a slowdown in PEPE’s upward trend, including declining trading volumes.</li>
 <li>CoinCodex forecasts a 223.78% surge for PEPE by June 27, 2024, reflecting bullish sentiment.</li>
</ul>
<p>PEPE has experienced a notable surge in value over the past few weeks, riding a consistent upward trajectory buoyed by an ascending trendline. This steady recovery, spanning six weeks, has propelled PEPE from its previous position to new heights.</p>
<p>The surge in PEPE’s price can be attributed to various factors, notably the recent approval of spot Ethereum and Bitcoin nearing the $70,000 mark. These developments injected renewed optimism into the cryptocurrency market, fostering an environment conducive to growth. As a result, PEPE experienced a surge in demand, driving its price upward and capturing the attention of both seasoned traders and newcomers to the crypto space.</p>
<p>However, despite the initial bullish momentum, recent indicators suggest a potential slowdown in PEPE’s upward trajectory. Decreasing trading volumes and the formation of short-bodied candles signal a shift in market sentiment, hinting at the onset of a new correction trend.</p>
<p>Additionally, the actions of the PEPE development team, who have cashed out a substantial amount of tokens amid the coin’s price surge, raise questions about the sustainability of its current valuation.</p>
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   <p lang="en" dir="ltr">13 hours ago, <a href="https://twitter.com/pepecoineth?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pepecoineth</a> sold 21.49B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> ($355K) via <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/DEX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DEX</a> after the price soared 134% (30D) to a new ATH!<br><br>Since the price rose in late Feb, the PEPE dev team has sold 282.8B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> at ~$0.000008067 ($2.28M), often before the price dropped <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Current holding:… <a href="https://t.co/NKm4k0YvnL" rel="noopener noreferrer nofollow">pic.twitter.com/NKm4k0YvnL</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1795256866882421010?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 28, 2024</a>
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<p>Moving forward, investors will closely monitor PEPE’s performance. Based on CoinCodex’s latest <a href="https://coincodex.com/crypto/pepe-token/price-prediction/" rel="noopener noreferrer nofollow">analysis</a>, there’s an anticipation of a significant uptrend for PEPE, projecting a potential surge of 223.78% with a forecasted value of $0.00005193 by June 27, 2024. The prevailing sentiment appears bullish as per the technical indicators, and the Fear &amp; Greed Index reflects a score of 72, indicating a prevailing sentiment of greed among investors.</p>
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<p>The post <a href="https://cryptonewsland.com/pepe-6-weeks-riding-the-ascending-trendline-with-steady-recovery/" rel="noopener noreferrer nofollow">PEPE: 6 Weeks Riding the Ascending Trendline with Steady Recovery</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

PEPE: 6 Weeks Riding the Ascending Trendline with Steady Recovery

Crypto News Land

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