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 value is buying and selling at $0.0000114 with a market cap of $4.8 billion. Additionally, the each day buying and selling quantity for PEPE coin at present stands at $726 million. As per the technical chart, the meme coin is at present buying and selling at an important juncture and in a make-or-break state of affairs.
PEPE Coin Value – A Do Or Die
As per the technical chart, the PEPE coin is retesting essential help ranges at $0.000011. Meme coin PEPE is at present one of many strongest cash out there displaying a larger relative power over prime cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
PEPE is at present turning its earlier all-time excessive right into a help stage after efficiently retesting the 1-day 100 EMA. Merchants are carefully watching the potential breakout from the 1-day downtrend which might sign a super alternative to lengthy on PEPE, famous analyst Crypto Scient.
![](https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT.jpeg)
![](https://coingape.com/wp-content/uploads/2024/06/PEPEUSDT.jpeg)
One other crypto analyst Crypto Patel highlights a pivotal second for PEPE, noting that for the meme coin to renew its upward journey, it should maintain the essential help stage of $0.000011. Nonetheless, Patel said that if PEPE fails to take care of this help stage, it might face a big draw back transfer of as much as 40%. As reported by CoinGape, the PEPE Coin Open Curiosity has additionally been on a decline suggesting the dearth of a bullish momentum going forward.
![](https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT.jpeg)
![](https://coingape.com/wp-content/uploads/2024/06/PEPE-USDT.jpeg)
A Look Into Different Meme Cash
Whereas PEPE Coin makes a transfer to the upside, its rapid competitor Dogwifhat (WIF) has tanked by a staggering 8% all the best way to $1.77. This WIF value drop comes amid robust whale sell-offs taking place over the previous two days. Earlier right now, a WIF whale deposited 12.66 million WIF cash value $23.4 million to crypto alternate Binance.
A whale deposited 12.66M $WIF($23.4M) to #Binance prior to now 2 days.https://t.co/gWcpd0gBOz pic.twitter.com/Fc6WayMjAO
— Lookonchain (@lookonchain) June 22, 2024
Alternatively, Shiba Inu has seen a notable surge within the burn fee with the burnt SHIB tokens rising by 1,100% in a single day.
The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
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