In the volatile world of cryptocurrencies, Pepe experienced a significant drop of 15% in the past seven days.
As investors seek alternatives, a new precursor has emerged in the form of Wall Street memes.
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Let’s explore the factors behind Pepe’s bearishness and why Wall Street memes are gaining traction as the new top gainers in the cryptocurrency market.
Pepe Price Prediction as Pepe Fell 15% in 7 Days
current trading price of pepe is $0.000001, with a 24-hour trading volume of $1.1 million.
In the last 24 hours, Pepe has experienced a decrease of about 1.50%, and within the last seven days its value has declined by about 15%.
According to Coinmarketcap, Pepe is ranked #70 with a live market capitalization of $5.7 million.
The circulating supply of Pepe coins is 391,790,000,000,000, while the maximum supply is set at 420,690,000,000,000.
On the technical front, PEPE is currently trading with a neutral bias, finding immediate support near $0.00000141 and facing resistance at $0.00000155.
A descending triangle pattern has formed on the 2-hour time frame, indicating a bearish sentiment. If PEPE price breaks below the $0.00000140 level, it has the potential to trigger a selling trend.
The RSI and MACD indicators are supporting an uptrend, suggesting that the decline in PEPE could be a retracement. It is important to closely monitor the $0.00000141 level to identify further buying opportunities.
Wall Street memes emerge as top gainers for 2023
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