- Crypto expert predicts PEPE’s significant relief rally despite a recent dip.
- PEPE’s trading volume increased to $562,626,351 in the past 24 hours.
- The current excitement comes a week after PEPE was listed on Binance.
Michael Van de Poppe, a well-known crypto analyst and founder of @eight_global, recently shared on his Twitter account that despite a brief downturn, there is still a strong demand for trading PEPE. According to Van de Poppe’s observations, PEPE experienced a significant bounce of 35% at the first level and is currently bouncing on the second level, up 25%.
The crypto analyst predicts there will be a rejection around the 220000-240000 range, which could lead to a decline in value to 140000. From there, Van de Poppe expects a substantial relief rally, potentially leading to a 50-80% increase in value.
While he remains optimistic about the potential for a significant increase in value, he suggests waiting until the asset’s value exceeds the 230000 level before opening a long position.
PEPE, the meme coin that has been gaining popularity among cryptocurrency traders, has experienced an increase of 7.21% in the past 24 hours, bringing its current trading price to $0.000002012 as of press time, according to Coinmarketcap data. The trading volume of PEPE increased to $562,626,351 during the same period, indicating continued interest among traders.
This allegedly comes a week after the meme coin PEPE made headlines for its impressive performance in the cryptocurrency market. The latest boost to PEPE`s value can be attributed to the recent listing of the token on Binance, which is considered one of the largest crypto exchanges. It is, therefore, clear that PEPE`s popularity is on the rise, and it will be interesting to see how the coin continues to perform in the coming weeks and months.
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