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Sonia1234

2024/12/13 07:15

PEPE – Why THIS decline is good news for the memec

PEPE – Why THIS decline is good news for the memecoin
If PEPE overcomes resistance at $0.0000254, it could extend gains and possibly make a new ATH before year-end.canva-pepe-2-1000x600.png

PEPE’s MVRV ratio has declined from 1.96 to 1.74 despite the price gaining by nearly 10% in 24 hours.
An ascending triangle pattern suggested that PEPE was poised for more gains.
Pepe [PEPE] staged a bold recovery at press time after a nearly 10% gain to trade at $0.0000249.

These gains mirrored the performance of most memecoins after their total market capitalization rose above $138M after an 8% gain in 24 hours. 

PEPE has been among the top performers in the crypto market this month after creating a new all-time high of $0.000028 on the 9th of December.

While it has since dropped by 9%, several signs pointed towards a healthy correction. 
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