PEPE Dips 12% Amid Bearish Trend; Can $0.000006931 Hold?

Over the past week, Pepe, a frog-themed memecoin, has exhibited solid negative price action, with its value receding…

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PEPE Bearish Outlook With 60-70% Correction Expected: Key Levels To Watch

The memecoin, PEPE, which recently received much attention in the cryptocurrency space and surged by 27x in the past 10 months, is now experiencing a sharp decline. In a recent X post, Patel highlighted that PEPE could already be in a bear market, which means that the periodic growth rates may no longer skyrocket. Crypto […]

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Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins

Holders of the top meme coins have witnessed rough price action in the past few weeks. The majority of meme cryptos have crashed hard during the last week, with losses of over 20% in each asset across the board. Particularly, holders of the top meme coins Dogecoin, PEPE, and Shiba Inu have been disappointed, as [...]

The post Dogecoin Vs. Shiba Inu Vs. PEPE: Comparing The Profitability Of The Top Meme Coins appeared first on Crypto Breaking News.

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This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002

PEPE bulls have encountered challenges in their attempts to push up the meme cryptocurrency’s price over the past week. Notably, PEPE has experienced a decline of approximately 4% in the last 24 hours alone, with a more substantial drop of 6.5% over the course of the past seven days. The selling sentiment surrounding PEPE has increased significantly since the middle of July. Throughout this period, the meme coin has struggled to break above resistance at $0.0000126, facing repeated failures each time it approached this critical price point.  A deeper analysis of market behavior reveals that this prevailing selling sentiment can be largely attributed to a notable shift in the composition of PEPE investors. There has been a strong increase in the number of short-term holders, accompanied by a corresponding decrease in long-term holders.  Jump In Short-Term Holders According to on-chain data from IntoTheBlock, short-term PEPE holders have increased noticeably in the past 30 days. This observation is derived from IntoTheBlock’s Balance by Time Held metric, which follows the variation over time of the balance in wallet addresses and groups them into holders, cruisers, and traders, depending on their average time.  Related Reading: Institutional Investors Show Interest In Cardano, Triggering 300% Surge Notably, this metric shows that the balance in the wallets belonging to the trader cohort has increased by over 31% in the past 30 days. This is interesting because the trader cohort is made up of those who generally hold their assets for less than a month before selling. The behavior of this cohort suggests a shift towards more speculative trading, as these investors are looking to capitalize on quick market movements rather than committing to long-term. On the other hand, the balance in cruiser addresses have fallen by 6.24% in the same timeframe. Cruisers are those addresses that hold their tokens for between one to twelve months before selling. This decrease in the balance of cruisers suggests many long-term holders have been selling their PEPE tokens in the past 30 days. What Does This Mean For PEPE? The influx of short-term holders is creating a more volatile environment for PEPE. Currently, they account for 20% of the entire circulating supply of PEPE. As these investors tend to buy and sell quickly based on market fluctuations, they are more likely to create frequent price swings. This increased volatility is making it challenging for PEPE to maintain a stable upward trajectory. Related Reading: Analyst Says ETH Price Will Struggle As Spot Ethereum ETFs Expectations Crash At the time of writing, PEPE is trading at $0.00001135. Although the crypto is still up by 42% from a 2-month low of $0.000007975 recorded on July 5, the upward trajectory has been stalled by the activity of short-term holders. PEPE now finds itself trading around a two-week significant support of $0.00001133. A bounce above this price point would enable PEPE to resume its uptrend and continue approaching the $0.00002 threshold. Featured image created with Dall.E, chart from Tradingview.com  

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Analyst Bullish On PEPE Amidst Bearish Market Signals: Report

Famous analyst Crypto Jack in the X post has provided a positive outlook towards PEPE based on the weekly chart. According to analysts, such a positive sentiment is observed as PEPE is retesting a critical resistance level while it is expected to act as a support level. However, Jacks positive outlook is not aligned with […]

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PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH

The PEPE price has remained strong coming out of the crypto market crash, rebounding more than 40% in a single day. This bullishness has fed the narrative for the meme coin, which is touted to be the next big thing on Ethereum. However, the question remains whether the PEPE price will continue to rise from here if it has reached its peak for this cycle. PEPE Price Still Bullish From Here Despite being down around 30% from its May 27 all-time high of $0.00001718, the PEPE price is still showing bullish tendencies. This could point to a continuation, something that pseudonymous crypto analyst melikatrader94 points out in an analysis on TradingView. Related Reading: Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week According to the crypto analyst, the PEPE price has bounced off an internal trend line that has been acting as support for the meme coin. As a result, there has been the formation of a double bottom following the most recent price bounce, and this is bullish for price. Since the PEPE price was quick to react to the internal trend line, the crypto analyst believes that this shows strong buying interest in the meme coin. Furthermore, the chart is showing the formation of an ascending trend line, and given the history of ascending trend lines, then price could continue to rise, as long as it doesnt break out of this channel. With the double bottom mentioned above, the PEPE price is already seeing the result of this bullish reversal. If this continues, the price is expected to rise over 150% from here again, reaching a new all-time high of $0.00004128, according to the crypto analyst. Scenarios For Invalidation While the PEPE price is still very bullish, there are still scenarios that could send the price spiraling downward. Short of a market-wide Bitcoin and crypto crash, the PEPE price still has multiple resistance levels to conquer from here. One of those is the $0.000025 level. Furthermore, as the analyst points out, the price has to remain above the internal trend line, which currently sits just above $0.000008. As long as it holds this point, then bulls remain in charge and can try to drive the price up. Related Reading: Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go? Another major point to watch is the mid-channel resistance. In this case, the resistance lies just above $0.000025, which is above the current all-time high. This means there is still room for growth before hitting any major resistance. Last but not least is the volume for the meme coin. If the PEPE trading volume continues to rise, then the buying pressure can push the price toward new ATHs. However, a decline in the trading volume could be detrimental for the price and lead to a reversal. Increasing trading volume would further confirm the bullish trend and provide additional confidence in reaching the target price, the analyst said in closing. Featured image created with Dall.E, chart from Tradingview.com

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3 reasons why Pepe poised for another 70% jump by July

PEPEs rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoins price in June.

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Pepe Price Prediction: Can It Hold $0.0000092? Troller Cat Pounces with 7k% ROIFew Hours Left Before a 20% Price Hike

The meme coin arena is heating up again, and the numbers are clawing into headlines. Pepe ($PEPE), one of the wildest success stories in crypto history, surged 13.13% in the past 24 hours and now trades at $0.000009228. With a $3.88 billion market cap and a massive 47.48% gain over the last month, PEPE is bouncing back after a rollercoaster year. Yet, as frogs leap, cats pounceand Troller Cat ($TCAT) pounces straight into the spotlight.

The post Pepe Price Prediction: Can It Hold $0.0000092? Troller Cat Pounces with 7k% ROIFew Hours Left Before a 20% Price Hike appeared first on Kanalcoin.

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Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Dont?

A crypto whales transaction involving the third-largest meme coin by market cap, PEPE, has drawn the crypto communitys attention. The magnitude of the transaction, coupled with some other whale transactions, suggests that it may be high time to pay more attention to PEPE.  Crypto Whale Spends $10.4 Million On PEPE On-chain analytics platform Spotonchain revealed a wallet (3eAaAC3C9) that had purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). This wallet then proceeded to withdraw the tokens in two transactions. On-chain data shows that the whale withdrew 322.5 billion PEPE in the first transaction and the remaining 915.85 billion PEPE in the second transaction.  Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here At the time of writing, the whale hasnt moved the tokens, suggesting they may be looking to hold for the long term. Some notable smart traders look to have been accumulating the meme coin lately, most likely in anticipation of significant price moves from it. Spotonchain also recently revealed two whales that had withdrawn 660.7 billion PEPE from Binance and MEXC.  The platform also mentioned another whale that withdrew 322.48 billion PEPE ($2.68 million) from Binance for the first time. More recently, Spotonchain drew the crypto communitys attention to a smart trader who has been profiting from the meme coin since last year. This trader is said to have completed 8 trades and realized a cumulative profit of $917,000.  Seeing how PEPE has performed since the start of the year, these whales’ interest in the meme coin isn’t surprising. Data from CoinMarketCap shows that PEPE has made a year-to-date (YTD) gain of over 500%, and this bullish momentum looks to be far from over. Interestingly, many traders have yet to jump on the the wave, as just over 200,000 persons hold the meme coin.  Price To Hit New All-time High (ATH) Soon Crypto analyst Plazma recently suggested that PEPE could soon hit a new all-time high. PEPEs current ATH is at $0.00001074, with the meme coin trading just 20% below this price level. Crypto analyst Yazan also hinted that meme coin would soon hit a new all-time high, asking his followers if they were ready for this to happen.  Related Reading: Cardano Comeback: Analyst Reveals Why Its Time To Get Back Into ADA PEPE is currently ranked as the thirtieth largest crypto token by market cap and is likely to climb higher if it eventually hits a new ATH. Crypto analyst and trader Murad believes that the meme coin could rise to the top 10 crypto tokens by market cap since he predicted that PEPE could flip Shiba Inu (SHIB) and possibly Dogecoin (DOGE). At the time of writing, the meme coin is trading at around $0.000008615, down in the last 24 hours, according to data from CoinMarketCap.   Token price drops to $0.0000084 | Source: PEPEUSDT on Tradingview.com Featured image from Gemini, chart from Tradingview.com

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Pepe (PEPE) Faces Strong Correction, But Eyes Remain on 1,200% Breakout Potential

PEPE has experienced a notable downtrend, with consistent bearish pressure driving the price from above $0.00000090 to near $0.00000082. The chart shows a series of lower highs and lower lows, indicating sustained selling momentum. Despite brief moments of bullish attempts, sellers quickly regained control, pushing the price further down. However, recent candles suggest some stabilization, […]

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PEPE whale up nearly $5M on investment within a month

The memecoin whale made an over 52% return on its initial investment within a month, despite PEPEs price falling over 17% from its all-time high.

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PEPE on the verge of Breakout: Analyst Predicts 80%-90% Bullish Wave

PEPE is a meme coin that has managed to catch peoples attention due to its sharp rise in price within the market. The fact that the surge has not died down means that it may still experience even higher highs soon enough. Moreover, what is even more surprising about this whole situation is that despite […]

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PEPE Faces Bearish Pressure After Reaching ATH: Analyst Warns of Potential 25% Drop

Pepe Coin (PEPE) is currently showing signs of slowing down and facing bearish pressure. This comes after the cryptocurrency experienced a significant surge, reaching a new all-time high (ATH) of $0.00001535. However, following this peak, the coin has seen a notable retracement. At the time of writing, the price of Pepe Coin is $0.00001384. Over the past 24 […]

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PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In?

Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case.  Crypto Whales Buy 720 Billion PEPE Tokens On-chain analytics platform Lookonchain recently drew the crypto communitys attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasnt always made the smartest investment moves, having lost $6.1 million so far.  Related Reading: Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges.  However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH. Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coins price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin.  Still Has Enough Bullish Momentum To Go Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the mega meme cycle and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coins price.  Related Reading: How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coins ecosystem. PEPEs price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin.  Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPEs price will benefit from ETHs run when this happens. PEPEs price is known to have some correlation with Ethereums and will most likely enjoy a significant rally as Ethereums price picks up.  At the time of writing, PEPE is trading at around $0.00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap.  Chart from Tradingview.com

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PEPEs Price Hit New ATH: Investor Rake In Millions With 15,718x Gains

As PEPE exploded to an incredible new all-time high price of $0.00001156 today, it’s being viewed by those tracking its moves as part of a flurry of activity within the crypto sphere. A look at data from Lookonchain reveals one person has realized huge gains, coming out with just over $46 million after investing strategically […]

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Crypto trader turns $3K into $46M in one month as PEPE price soars

The savvy cryptocurrency trader is up over 15,000 fold on his initial $3,000 Pepe investment in just one month.

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PEPE Jumps, BNB Price Forecast Rises, BlockDAG CEX Listing Nears

Watch PEPE price surge, BNB price prediction turn bullish, and BlockDAG prepare for 10 CEX listings. Explore what makes it a top layer 1 crypto presale.

The post PEPE Jumps, BNB Price Forecast Rises, BlockDAG CEX Listing Nears appeared first on Kanalcoin.

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GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gills “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms, including an image and video, has ignited excitement among investors and triggered a renewed frenzy for GameStop’s meme stock and the emerging world of memecoins.  GameStop Memestock Frenzy The meme-stock phenomenon gained widespread attention in 2021 when cash-rich investors pumped up the stock market and bet against short-selling hedge funds.  Keith Gill’s “TheRoaringKitty” account and the subreddit WallStreetBets played a pivotal role in the meme stock frenzy, driving stocks like GameStop and AMC Entertainment to surge over 1,000% by the end of the same year.  While some early investors reaped rich returns, hedge funds such as Gabe Plotkin’s Melvin Capital Management suffered significant losses, leading to closures. Related Reading: Investment Firm Makes Bitcoin Its Strategic Reserve Impact On Price According to Bloomberg, short sellers betting against GameStop initially enjoyed gains in the year’s first four months. Still, the volatile nature of meme stocks quickly erased those paper gains. Per the report, skeptics were up an estimated $400 million from January to April before slipping into the red by Monday morning. The percentage of GameStop shares sold short relative to those available for trading has remained at approximately 24%, a relatively high level for a typical company but significantly lower than the 140% levels witnessed during the 2021 mania.  As GameStop’s shares gained momentum, the cost to bet against the company increased. Recent data from S3 indicates borrowing costs exceeding a 10% annual financing fee range. Roaring Kitty’s Ripple Effect Roaring Kitty’s influence extended beyond GameStop, as Wolverine-themed memecoins flooded various blockchains. In response to a social media post featuring a video of Marvel superhero Wolverine, more than 30 new tokens were launched on platforms like Ethereum and Solana, as data by Dextools shows.  Notably, the newly minted “Roaring Wolverine” token on the Ethereum blockchain experienced an astonishing 80% surge within hours of its release. Related Reading: Is The Bitcoin Bottom In? Analyst Reveals Key Price Levels To Watch Furthermore, the memecoin market has witnessed a notable resurgence, with tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Floki Inu (FLOKI), and Bonk Inu (BONK) recording significant gains, according to CoinGecko data.  For instance, PEPE, the market leader, surged by 15% in the past 24 hours, complementing its 20% uptrend over the previous week. It reached a new high of $0.00001077 during early Monday trading. Ultimately, GameStop’s meme stock resurgence, fueled by the return of Roaring Kitty, inflicted substantial losses on short sellers of the meme stock on Monday.  The impact of Roaring Kitty’s social media presence has extended to the memecoin market, with several Wolverine-themed tokens experiencing significant surges.  Featured image from Shutterstock, chart from TradingView.com

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PEPEs Bullish Flag: Is This the Calm Before a Massive 83% Price Jump?

The PEPE cryptocurrency demonstrates indicators that suggest that it may be getting ready for a new price expansion. The cryptocurrency reached a new peak in March, which launched a surge exceeding 25%. Experts indicate that the token might embark on another upward trend.  PEPE Forms Bullish Flag On Saturday, World of Charts published an X […]

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PEPE Price Breaks Ascending Triangle To Target Another 20% Crash

The PEPE price has taken a sudden bearish turn after breaking out of an Ascending Triangle pattern. In light of this breakout, a crypto analyst has predicted that PEPE could face a massive 20% price crash if it fails to hold above a critical resistance level.  Bears Threaten 20% Crash In PEPE Price PEPEs price action has swiftly reversed from bullish to bearish, marked by a negative Change of Character (CHoCH) following its breakout from an Ascending Triangle pattern. Notably, PEPEs CHoCH is highlighted where the price broke below previous support, indicating a significant structural shift to the bearish zone as buyers lose momentum.  Related Reading: PEPE Price Enters Oversold Levels On Daily Timeframe, Heres What Happened The Last Two Times According to pseudonymous TradingView analyst MyCryptoParadise, bears could seize control of PEPEs price as it approaches a crucial resistance zone at $0.000008. The analyst has suggested that if the meme coin fails to break above the resistance, it could result in a 20% crash to lower support levels.  The first minor support level at $0.0000065 is highlighted in the green line on the analysts price chart. Should bearish momentum persist, PEPE could drop further, trapping late buyers and extending its correction phase. The analyst has pinpointed a much deeper support zone at $0.0000055, serving as a crucial defense against a stronger price breakdown.  A major factor supporting PEPEs projected price crash is the alignment of its key resistance level with several bearish elements. The TradingView analysts price chart shows that PEPEs $0.000008 resistance coincides with a 200 Exponential Moving Average (EMA), which acts as a dynamic resistance. The 200 EMA is often a reliable indicator of long-term trend shifts, and its overlap with the resistance adds strength to the bearish outlook.  The resistance also coincides with a Fair Value Gap (FVG), a region where liquidity has been left untested, suggesting that price could be drawn back to fill this gap. Lastly, PEPEs critical resistance level intersects with a Fibonacci Golden Zone, a key retracement level where price reversals often occur, further signaling the potential for a downturn.  Potential Breakout Scenario While MyCryptoParadise projects a 20% correction for the PEPE price, which is currently trading at $0.00000698, he also shared a possible bullish scenario in which the meme coin surprises traders with an upward breakout. The TradingView analyst has projected that if PEPE manages to close a candle above the $0.000008 resistance, his bearish thesis could be completely invalidated. Related Reading: Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs In this case, the market should anticipate a continuation of the uptrend, with the next price target potentially reaching $0.0000085 and beyond. However, for bulls to break through this resistance level, strong volume and momentum are required. Given that Pepes price is still in the red, this bullish scenario seems like a less likely scenario for now. Featured image from Adobe Stock, chart from Tradingview.com

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