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PEPE Holds Steady, WIF Tumbles
The post PEPE Holds Steady, WIF Tumbles appeared on BitcoinEthereumNews.com. PEPE token shows stability amid a bearish market, trading near recent highs. WIF token faces steep declines, breaching crucial support levels. The meme coin market experiences a slight correction with reduced trading volumes. Meme coins are experiencing a minor setback, with their total market capitalization of approximately $46 million dipping a marginal 0.18% decline over the last 24 hours. Its trading volume has also dropped by about 25%, settling at $3.266 million. This adjustment reflects broader trends in the cryptocurrency market, which has also seen a notable 21% decrease in trading volume during this period. Despite the general market correction, certain tokens like PEPE have remained relatively stable compared to other meme coins. PEPE Token Holds Ground Amidst Volatility The PEPE token has demonstrated a stable price trajectory amidst the prevailing bearish market conditions. Data from CoinMarketCap reveals that PEPE has been in bullish territory for most of the day, starting from an intraday opening price of $0.00001124. It subsequently surged to an intraday peak of $0.00001165 before encountering resistance, causing its price to retract to $0.00001129. PEPE/USD 1-Day Chart (Source: Coinmarketcap) This marks a 0.76% increase over the last 24 hours, though it has seen a 5.95% decrease over the past week. Following this relatively unstable bullish trend, PEPE’s 24-hour trading volume decreased by 24.40%, reaching $608.52 million, indicating reduced trading activity and interest. PEPE Coin Price Outlook The recent price action indicates that PEPE has been trading within a bearish channel since achieving its all-time high of $0.000017 in May. Analysts suggest that a breach below the immediate support level at $0.000011 could potentially drive PEPE towards lower support levels, possibly testing lows of $0.000010 and even levels as deep as $0.0000097 and $0.0000088, last seen in June and May, respectively. PEPE/USD 1-Day Chart (Source: Tradingview) Conversely, a…
The post PEPE Holds Steady, WIF Tumbles appeared on BitcoinEthereumNews.com.
PEPE token shows stability amid a bearish market, trading near recent highs. WIF token faces steep declines, breaching crucial support levels. The meme coin market experiences a slight correction with reduced trading volumes. Meme coins are experiencing a minor setback, with their total market capitalization of approximately $46 million dipping a marginal 0.18% decline over the last 24 hours. Its trading volume has also dropped by about 25%, settling at $3.266 million. This adjustment reflects broader trends in the cryptocurrency market, which has also seen a notable 21% decrease in trading volume during this period. Despite the general market correction, certain tokens like PEPE have remained relatively stable compared to other meme coins. PEPE Token Holds Ground Amidst Volatility The PEPE token has demonstrated a stable price trajectory amidst the prevailing bearish market conditions. Data from CoinMarketCap reveals that PEPE has been in bullish territory for most of the day, starting from an intraday opening price of $0.00001124. It subsequently surged to an intraday peak of $0.00001165 before encountering resistance, causing its price to retract to $0.00001129. PEPE/USD 1-Day Chart (Source: Coinmarketcap) This marks a 0.76% increase over the last 24 hours, though it has seen a 5.95% decrease over the past week. Following this relatively unstable bullish trend, PEPE’s 24-hour trading volume decreased by 24.40%, reaching $608.52 million, indicating reduced trading activity and interest. PEPE Coin Price Outlook The recent price action indicates that PEPE has been trading within a bearish channel since achieving its all-time high of $0.000017 in May. Analysts suggest that a breach below the immediate support level at $0.000011 could potentially drive PEPE towards lower support levels, possibly testing lows of $0.000010 and even levels as deep as $0.0000097 and $0.0000088, last seen in June and May, respectively. PEPE/USD 1-Day Chart (Source: Tradingview) Conversely, a…
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