when

PEPE

Drops

Daily

<ul>
 <li>Memecoin, PEPE has witnessed a notable price drop of 10.20% of daily decline.&nbsp;</li>
 <li>The token’s outflows recorded $3.96 million in the last 24 hours according to Coinglass data.</li>
</ul>
The cryptocurrency sector is still wading through a market crash this week, as leading currencies resist market recovery attempts. In the midst of large tokens, memecoins have also witnessed price downfalls. Frog-based memecoin PEPE caught investor attention for its significant price drop in the last 24 hours. The token has recorded 10.20% daily declines in price and is one of the top losers of the day.&nbsp;
Moreover, at last week’s beginning, PEPE was trading at a weekly high of $0.00001193 having already incurred price drops over the past month. The overall crypto market’s price drop fueled a bearish trend in PEPE as well. Over the past seven days, the memecoin has recorded a 29.62% decline in market price. At the time of writing, PEPE was trading at $0.00000842.&nbsp;
Zooming out, over the past month, PEPE price slid down by a profound 34.32%. With its short-term 9-day MA standing below the long-term 21-day MA, the token clearly indicates a bearish takeover. Meanwhile, its year-to-date (YTD) price hike remains unaffected at 546.15%.&nbsp;&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfRVDyLC0DPQcpi_D9MEpJlDP0ea52si-6YrMPCrZnyjl3o6bOPKRW4Jh5X0gDH3pGZAOEB_lUR5gfRdgztZOnZs8c5XhSQ0A731xo7iO19UcrBZaSP2hRDaoTeULadiBlGrIcStBCWVOcrjR5jVAa_QMZ_?key=ur_-KB91akEy1jXyZ0_rNQ" alt="">
 <figcaption class="wp-element-caption">PEPE/USDT Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/PEPEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Additionally, the token’s RSI stands at 34.26 indicating the strong selling sentiment per TradingView reports. According to Coinglass <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">data</a>, PEPE, in the last 24 hours recorded $3.96 million outflows approximately.&nbsp;
<h3 class="wp-block-heading" id="h-pepe-24h-price-analysis">PEPE 24H Price Analysis</h3>
According to CMC <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">data</a>, the PEPE daily price chart shows that the token was trading at the $0.0000090 level on July 7. As the day progressed, the memecoin showed modest price declines hitting an intra-day low of $0.000009085. Meanwhile, its daily trading volume has shown a 15.40% increase.&nbsp;
However, in the early hours of July 8, PEPE slid down to trade at $0.0000089 levels and as the day progressed it showed an increasing bearish takeover. The prices fell to find support at $0.0000083. Moreover, it hit a 7-week low of $0.00000775 momentarily in the last 24 hours.&nbsp;
Thirdly, when questioning where the PEPE price is headed in the coming weeks, market analysts continue to hold a positive outlook toward an upward movement in price. Additionally, TheNewsCrypto analysts have <a href="https://thenewscrypto.com/pepe-pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">predicted</a> that PEPE will hit a bullish price of&nbsp; $0.00004965 in 2024.&nbsp;
Finally, amid the overall market crash, <a href="https://thenewscrypto.com/u-s-spot-bitcoin-etf-inflows-surge-as-investors-capitalize-on-market-dip/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> were one of the few digital assets that saw inflows as investors are taking advantage of the price dip.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/3m-worth-pendle-whale-transfer-heightens-its-selling-pressure/" target="_blank" rel="noopener noreferrer nofollow">3M Worth PENDLE Whale Transfer Heightens Its Selling Pressure</a>

PEPE Price Drops as Bears Take Control Amid Market Crash

目录

TheNewsCrypto

发布于 2024年7月8日的其他文章

Bitcoin Plunges To $56K As German Government Continues Liquidating Its Holdings

XRP Whale Moves 37M Tokens As Lawyer Reveals Ripple Vs SEC Timeline

Shardeum Partners With Immunefi to Launch Bug Bounty Program Ahead of Mainnet

Ripple vs. The Fed: Wall Street Analyst Ignites Debate on Control of Global Payments as XRP Emerg...

MoonBag Dominates The Market As the Top Crypto Presale In 2024, While VeChain and KangaMoon Face’...

Why is Cardano (ADA) price up today?

订阅我们免费的电子期刊，获取每日最新加密领域动态！