bullish

PEPE

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-monitor-pepe-coin-amid-market-fluctuations/" data-wpel-link="internal">Investors Monitor PEPE Coin Amid Market Fluctuations</a><br></p>
<p style="text-align: justify">The meme coin PEPE dominated the early periods of May and June in the <a href="https://en.coin-turk.com/hkma-announces-stablecoin-issuers-in-sandbox-initiative/" data-wpel-link="internal">cryptocurrency market</a>. Despite this, the subsequent decline was equally sharp, and its price continues to attract attention based on broader market cues. Nevertheless, investor optimism persists, with some suggesting a potential reversal. So, what is currently happening in the market concerning PEPE coin?</p> 
<h2 style="text-align: justify" id="how-much-is-pepe-coin-worth">How Much is PEPE Coin Worth?</h2> 
<p style="text-align: justify">The sharp decline in PEPE’s price also impacted the profitable supply. Investors worldwide who invested in PEPE were clearly affected, with total profit supply dropping to 72%. The last time profitability fell this low was in early August, and before that, it was in February 2024, just before BTC reached its ATH. The six-month low profitability indicates significant and rapid losses for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-380749" src="https://coin-turk.com/wp-content/uploads/2024/08/pepe-2-grafik-coin-turk-com.png" alt="" width="495" height="121"></p> 
<p style="text-align: justify">One of the biggest losses in the PEPE market occurred in the last two weeks, with PEPE’s price dropping from $0.00001000 to $0.000007326. According to the Global In/Out of the Money (GIOM) indicator, approximately 123 trillion PEPE went into loss during this period.</p> 
<p style="text-align: justify">Given the current price, the value of the mentioned supply is around $880 million. Investors created the largest supply by purchasing 95.7 trillion PEPE between $0.00000900 and $0.00001000. Although this supply is moving away from profitability, investors might target this region and potentially drive the price up again.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-380748" src="https://coin-turk.com/wp-content/uploads/2024/08/pepe-1-pepe-1-coin-turk-com.png" alt="" width="491" height="172"></p> 
<h2 style="text-align: justify" id="what-will-be-the-price-of-pepe-coin">What Will Be the Price of PEPE Coin?</h2> 
<p style="text-align: justify">Looking at PEPE’s price, it got stuck in a descending wedge after failing to break out in the second half of July. After testing the lower trend line of the formation a few times, the meme coin PEPE found buyers at $0.000007326.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-380750" src="https://coin-turk.com/wp-content/uploads/2024/08/pepe-grafik-pepe-3-coin-turk-com.png" alt="" width="505" height="217"></p> 
<p style="text-align: justify">Considering that a descending wedge is generally seen as a bullish formation, a breakout above the upper trend line could lead to an 80% rally in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. This potential uptrend could position PEPE’s price above the year’s highest level of $0.00001725.</p> 
<p style="text-align: justify">However, if the expected breakout does not occur and a decline happens, PEPE’s price could fall back to the lower trend line. Consequently, the meme coin could drop to the $0.00000633 support level and then to $0.00000474, nullifying the bullish thesis.</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-monitor-pepe-coin-amid-market-fluctuations/" data-wpel-link="internal">Investors Monitor PEPE Coin Amid Market Fluctuations</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-monitor-pepe-coin-amid-market-fluctuations/" data-wpel-link="internal">Investors Monitor PEPE Coin Amid Market Fluctuations</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Monitor PEPE Coin Amid Market Fluctuations

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