HomeUncategorizedPepecoin (PEPE) price action points to a potential 70% drop By Cointelegraph

Pepecoin (PEPE) price action points to a potential 70% drop By Cointelegraph

May 31, 2023

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Pepecoin’s price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators.

From a technical standpoint, the price of Pepecoin (PEPE) could drop sharply from its current levels. At the core of this bearish outlook lies the classic .

Head-and-shoulders breakdown illustrated. Source: Forex Academy
PEPE/USDT 4-hour price chart. Source: TradingView
Top 15 Pepe addresses with highest earnings and returns. Source: Wulgy/Dune Analytics
PEPE daily holders count. Source: Wulgy/Dune Analytics
PEPE hourly volumes. Source: Wulgy/Dune Analytics