Popular Memecoin Pepe ($ Pepe) has once again attracted the attention of the market and this time it is in discussion due to big whale movements. According to the analyst, a new crypto wallet has purchased 492 billion pepe cash (about $ 3.74 million) from Binance. After this big purchase, the price of Pepe Cash and the expectations of its growth in the future have increased. If you want to know that What is pepe So go to the given link.
Current status of pepe coin
The price of pepe coin is currently $ 0.000007395, which has come down by 2.2% in the last 24 hours. However, pepes have emerged rapidly after Meme tokens especially after Meme Tokens like Dogecoin (DOGE) and Shiba Inu (Shib). The purpose of Pepe Coin is to make profits through popular characters on the Internet, making it an interesting project.
Is the price fall coming?
According to technical indicators Pepe Worth There may be a possibility of decline in the next some time. RSI (Relative Power Index) shows that the price of Pepe can currently be in overbot condition, ie it has been purchased a lot.
MACD (Shifting Reasonable Convergence bypass) Indicators also seem to be somewhat weak, which are indicating promote-off in the market. If the MACD line crosses the signal line at low level, it may be a sign of a major decline.
Will Pepe Coin move forward?
Despite Whale’s activities and technical indicators, the future of Pepe Coin is quite uncertain. If the pressure of Promote -off increases in the market, then its price may be seen. Therefore, investors are advised to be careful, as the market position may change. What will be the change in the condition of pepe coin will be clear in the coming days.
Conclusion
PEPE Coin ($ PEPE) recently attracted the attention of the market after a large whale transaction. In which buy 492 billion pepe cash. However, currently the price of Pepe is $ 0.000007395 and technical indicators are indicating that the price may fall in the coming times. Investors are being advised to be vigilant. Investors are being advised to be cautious keeping in mind the current situation in the market.
