Pepe Coin Price Drops 29%, Market Sentiment Weakens
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2h ago- Price Trend Analysis: Pepe Coin is currently trading at $0.0000043, down 29% over the past month and more than 64% year-to-date, indicating weak market sentiment, although a 24-hour volume near $600 million suggests speculative activity is still alive.
- Market Structure Changes: Technical analysis reveals a head-and-shoulders pattern, with whales distributing during price rallies, leading to short-term price pressure and a weakening market structure, indicating increased selling pressure.
- Liquidity and Rebound Potential: Should liquidity return, Pepe Coin's upside targets could range from $0.000007 to $0.000012, although the current price remains far below historical highs, there is potential for a 2 to 3 times rebound.
- Trading Strategy Recommendations: Traders are advised to monitor liquidity changes during low market sentiment, avoid chasing highs, and accumulate during panic sell-offs to navigate the current high-volatility market environment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
