2024

PEPE

Shiba Inu

Coin

<p>Defying the broader market correction, the world’s third-largest meme coin PEPE Coin has registered a 4% surge on the upside. As of press time, the PEPE price is trading at $0.0000114 with a market cap of $4.8 billion. Also, the daily trading volume for PEPE coin currently stands at $726 million. As per the technical chart, the meme coin is currently trading at a crucial juncture and in a make-or-break situation.</p> 
<h3 id="pepe-coin-price-a-do-or-die">PEPE Coin Price – A Do Or Die</h3> 
<p>As per the technical chart, the PEPE coin is retesting crucial support levels at $0.000011. Meme coin PEPE is currently one of the strongest coins in the market showing a greater relative strength over top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).</p> 
<p>PEPE is currently turning its previous all-time high into a support level after successfully retesting the 1-day 100 EMA. Traders are closely watching the potential breakout from the 1-day downtrend which would signal an ideal opportunity to long on PEPE, noted analyst Crypto Scient.</p> 
<figure id="attachment_203732" aria-describedby="caption-attachment-203732" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-203732" src="https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT.jpeg" alt="" width="2496" height="1698" srcset="https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT.jpeg 2496w, https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT-300x204.jpeg 300w, https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT-1224x833.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT-768x522.jpeg 768w, https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT-1536x1045.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT-2048x1393.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT-150x102.jpeg 150w" sizes="(max-width: 2496px) 100vw, 2496px">
 <figcaption id="caption-attachment-203732" class="wp-caption-text">
  Courtesy: Crypto Scient
 </figcaption>
</figure> 
<p>Another crypto analyst Crypto Patel highlights a pivotal moment for PEPE, noting that for the meme coin to resume its upward journey, it must hold the crucial support level of $0.000011. However, Patel stated that if PEPE fails to maintain this support level, it could face a significant downside move of up to 40%. As reported by CoinGape, the <a href="https://coingape.com/markets/pepe-coin-price-analysis-43-5-in-open-interest-threatens-0-00001/" target="_blank" rel="noopener">PEPE Coin Open Interest</a> has also been on a decline suggesting the lack of a bullish momentum going ahead.</p> 
<figure id="attachment_203733" aria-describedby="caption-attachment-203733" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-203733" src="https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT.jpeg" alt="" width="2854" height="1442" srcset="https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT.jpeg 2854w, https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT-300x152.jpeg 300w, https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT-1224x618.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT-768x388.jpeg 768w, https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT-1536x776.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT-2048x1035.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT-150x76.jpeg 150w" sizes="(max-width: 2854px) 100vw, 2854px">
 <figcaption id="caption-attachment-203733" class="wp-caption-text">
  Courtesy: <a rel="nofollow" href="https://x.com/CryptoPatel/status/1804178426657378803/photo/1" target="_blank">Crypto Patel</a>
 </figcaption>
</figure> 
<h3 id="a-look-into-other-meme-coins">A Look Into Other Meme Coins</h3> 
<p>While PEPE Coin makes a move to the upside, its immediate competitor Dogwifhat (WIF) has tanked by a staggering 8% all the way to $1.77. This <a href="https://coingape.com/dogwifhat-whales-offload-16m-tokens-amid-24-weekly-dip-will-wif-price-drop-further/" target="_blank" rel="noopener">WIF price drop</a> comes amid strong whale sell-offs happening over the past two days. Earlier today, a WIF whale deposited 12.66 million WIF coins worth $23.4 million to crypto exchange Binance.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">A whale deposited 12.66M <a rel="nofollow" href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>($23.4M) to <a rel="nofollow" href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> in the past 2 days.<a rel="nofollow" href="https://t.co/gWcpd0gBOz">https://t.co/gWcpd0gBOz</a> <a rel="nofollow" href="https://t.co/Fc6WayMjAO">pic.twitter.com/Fc6WayMjAO</a></p> 
 <p>— Lookonchain (@lookonchain) <a rel="nofollow" href="https://twitter.com/lookonchain/status/1804353048803971487?ref_src=twsrc%5Etfw">June 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>On the other hand, Shiba Inu has seen a notable surge in the burn rate with the <a href="https://coingape.com/shib-army-calls-for-shiba-inu-burn-on-binance-coinbase/" target="_blank" rel="noopener">burnt SHIB tokens</a> rising by 1,100% in a single day.</p> 
<p>The post <a href="https://coingape.com/pepe-coin-pepe-price-bounces-from-crucial-support-levels-a-do-or-die-ahead/">PEPE Coin (PEPE) Price Bounces From Crucial Support Levels, A Do or Die Ahead</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

PEPE Coin (PEPE) Price Bounces From Crucial Support Levels, A Do or Die Ahead

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