PEPE Coin: Investors Track Movements and Gauge Future Prospects
Current Market Scenario
The meme coin PEPE gained prominence in May and June but has since faced a sharp decline. Despite this, investors remain hopeful of a potential recovery.
Price and Profitability
PEPE's decline has impacted its profitability. Total profit supply has dropped to 72%, its lowest since early August 2024. In the past two weeks, PEPE's price has fallen from $0.00001000 to $0.000007326, resulting in losses for investors.
Future Price Outlook
PEPE is currently trapped within a descending wedge pattern. A breakout above the upper trend line could trigger an 80% rally. Conversely, a decline could lead to a drop to $0.00000633 or even $0.00000474.
Key Insights for Investors
- Consider buying PEPE as it approaches the lower trend line.
- Watch for a breakout above the upper trend line, indicating a potential rally.
- Monitor market cues, as a failure to break out could result in further declines.
Original Publication
This article was originally published on BH NEWS:
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