Crypto analyst and @eight_global founder Michael Van de Poppe recently noted that despite a brief dip in value, there remains a strong demand for trading PEPE, a meme coin that has gained popularity among cryptocurrency traders. Van de Poppe observed that PEPE experienced a 35% bounce at the first level and is currently up 25% on the second level. However, he predicts a potential rejection around the 220,000-240,000 range, which could lead to a decline in value to 140,000 before a substantial relief rally occurs, potentially increasing value by 50-80%. Van de Poppe suggests waiting for the asset’s value to exceed the 230,000 level before opening a long position.
PEPE’s current trading price as of press time is $0.000002012, representing a 7.21% increase in the past 24 hours, with a trading volume of $562,626,351 during the same period. The recent listing of PEPE on Binance, one of the largest crypto exchanges, has contributed to its popularity and impressive performance in the cryptocurrency market. It remains to be seen how PEPE will perform in the coming weeks and months.
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