Pepe

PEPE

Time

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-see-potential-buying-opportunity-in-pepe/" data-wpel-link="internal">Investors See Potential Buying Opportunity in PEPE</a><br></p>
<p style="text-align: justify"><strong>Pepe (PEPE)</strong> recently experienced a significant 32.6% drop in price, falling from its peak of $0.00001724 to $0.00001131. The popular <a href="https://en.coin-turk.com/surge-in-crypto-markets-bitcoin-leads-bull-run-altcoins-follow/" data-wpel-link="internal">altcoin</a> PEPE has pulled back to the convergence point at the $0.00001131 support level. This is also a rising trend line support that has been retested several times in the past two months.</p> 
<h2 id="is-it-time-to-buy-pepe">Is It Time to Buy PEPE?</h2> 
<p style="text-align: justify">The pullback may offer a potential buying opportunity for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> looking to position themselves for the next rally. At the time of writing, PEPE was valued at $0.00001264, showing a 3.17% increase in the last 24 hours and a 16.74% decrease in the last 7 days, according to <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> from <strong>21milyon.com</strong>.</p> 
<p style="text-align: justify">The market cap increased by 3.17% to $5.3 billion in the last 24 hours, while the market volume dropped by 35.8% to $860 million. <strong>PEPE</strong> has seen an increase in daily active addresses and transaction volumes in the past few weeks. This could indicate a potential bullish rally. The number of active addresses showed several sudden spikes, exceeding 200,000 active addresses within a 24-hour period.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-361015 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/santiment-2.jpg" alt="" width="1277" height="432"></p> 
<h2 id="santiment-s-pepe-report">Santiment’s PEPE Report</h2> 
<p style="text-align: justify">Additionally, the crypto analytics company <strong>Santiment</strong> analyzed the daily on-chain transaction volume profit/loss ratio. The data was predominantly profit-focused, indicating increased user activity and potential accumulation. The daily <strong>PEPE/USD</strong> chart also revealed that the recent pullback found support along a rising trend line, suggesting that the uptrend might continue soon.</p> 
<p style="text-align: justify">The stochastic relative strength index (RSI) was in the oversold region, potentially indicating a price reversal. Moreover, the MACD histogram crossed above the signal line, suggesting a potential bullish trend. <strong>PEPE’s</strong> current decline may offer a buying opportunity. The increase in active addresses and transaction volumes provided a strong bullish signal.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-see-potential-buying-opportunity-in-pepe/" data-wpel-link="internal">Investors See Potential Buying Opportunity in PEPE</a></h5>

Investors See Potential Buying Opportunity in PEPE

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