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Pepe Coin Price Dips Significantly, Good Time to Buy?

Pepe Coin fell 32.6% flat recently with prices coming from $0.00001724 to $0.00001131. Investors smell a buying opportunity with $PEPE seeing an increase in active addresses and buying volume.

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Pepe Coin Price Dips Significantly, Good Time to Buy? 3

Pepe coins had a bloodbath (so to speak) as the popular meme coin fell on all fours, a huge 32.6% fall in prices. Pepe coin was at its peak of $0.00001724 enjoying a smooth bull run but it took a steep nose dive and fell to $0.00001131. $Pepe has, while writing this article, pulled itself to the convergence point of the $0.00001131 support level.

Investors are seeing this dip as a golden opportunity to buy $PEPE as this is similar to rising trend line support that has been retested several times in the last 2 months.

Pepe Coin: Right Time to Buy?

$PEPE is currently in the pullback phase of the market, an optimum position to make the next bull run. Investors are thus keenly using this opportunity to buy $Pepe.

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Pepe Coin Price Dips Significantly, Good Time to Buy? 4

The popular meme coin has already risen from its support level to $0.0000122, a 3.17% increase in the last 24 hours and a 16.74% decrease in the last 7 days. There has been an increase in market cap as well, a 3.17% to $5.3 billion in the last 24 hours. The market volume, on the other hand, dropped by 35.8% to $860 million.

$Pepe active users and trade volume has risen significantly in the past few weeks. Investors are anticipating a bull run, evident from 200,000 active users in the last 24 hrs.

Pepe Coin Future

Pepe Coin is on its way to a bullish uptrend according to Santiment, a crypto analytics company. $Pepe’s daily on-chain transaction volume profit/loss ratio was predominantly profit-focused. This indicates an increased user activity and potential accumulation.

The PEPE/USDĀ chart further reveals the recent pullback is finding support along a rising trend line. This suggests that an uptrend will occur soon.

Pepe Coin’s current decline is a buying opportunity for investors as the $Pepe bull run will start soon!

Crypto markets are volatile by nature, investors should do their own research or seek financial guidance before investing.

Also Read: XRP whales $22 Million from Binance indicating a Bullish Uptrend


The content presented here may express the author’s personal opinions and is subject to change based on market conditions. It is crucial to conduct your own market research before investing in any cryptocurrency. Neither the author nor this publication assumes any responsibility for any financial losses you may incur.