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PEPE price was noting a breakout from a descending wedge. However, this potential rally failed soon after, and the meme coin is now vulnerable to a decline.
Losing the support of $0.00000624 for good could result in the frog-themed token slipping to a two-month low.
Pepe (PEPE) has been one of the best-performing crypto assets since the beginning of the year, with a year-to-date (YTD) gain of over 400%. This crypto analyst predicts that PEPE can continue this impressive run and become the largest meme coin by market cap, ahead of Dogecoin and Shiba Inu.
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Coinbase International Exchange is set to broaden its trading portfolio by introducing support for PEPE perpetual futures.
The exchange confirmed that the 1000PEPE-PERP market is slated to open on April 23, 2024.
Meme coins such as Dogecoin, PEPE, and WIF have continued to enjoy greater acceptance, which is evident in recent data showing that the demand for them has clocked a new high.
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The Dogecoin (DOGE) status as the foremost meme coin has been strengthened by a recent development, which shows that the crypto token still has an edge over other top meme coins like Shiba Inu (SHIB) and Pepe (PEPE).
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Meme coins have recently faced a significant correction as crypto whales book the profit. However, Floki has emerged as an outlier, demonstrating remarkable resilience.
Unlike its counterparts, this meme coin has maintained its value, even appreciating against the odds.
With the crypto market recovering, meme coins such as PEPE, WIF, BONK, and MYRO are all back in the spotlight as they make their way toward new all-time highs.
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The meme coin sector is witnessing a remarkable surge. Savvy investors, often called “smart money,” are flocking to this market. Meme coins like Pepe, Floki, and Dogwifhat (WIF) are among the top assets attracting investment.
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The Pepe (PEPE) coin has emerged at the forefront of the crypto market today after an impressive rally. In the last day, the meme coin’s price has risen by over 50% amid wild speculation and bullishness as the Bitcoin price touched $57,000 for the first time in more than two years.
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The PEPE price has increased since February, breaking out from horizontal and diagonal resistance levels.
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As the crypto market gears up to go into another bull market, meme coins have made their way to the front with their rapid movements and potential for insane gains. A number of meme coins have arisen during the bear market, with many of them dying out.
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