Coin Mozo: Bitcoin & Crypto News

PEPE Coin Price Recovers Amidst Market Uncertainty

Synopsis: Bitcoin’s price has stagnated around $60k forecasting uncertainty in the crypto market. This resulted in a sideways movement of Altcoins recovering their prices substantially with Pepe coin price trading within a range of $0.00000913 and $0.0000078 on May 4th, 2024

pepe coin price
PEPE Coin Price Recovers Amidst Market Uncertainty 2

Pepe Coin Prices showed a substantial recovery amidst Bitcoin prices being stuck at $60k since the last fortnight. Pepe meme coin price rebounded from $0.00000393, a steady recovery since mid-April. According to Coingape, the Pepe coin price reached the current trading price of $0.00000881, a positive upswing surge of 124% within a month. The crypto traders’ daily charts showed higher highs and lows suggesting active accumulation by buyers indicating a potential sustained rally.

Pepe Coin Price Affected by Whale Activity

Whales hugely influence the crypto exchange prices with their buying and selling activities. The trader Oxa14 made a significant transaction withdrawing a large amount of Pepe tokens during the market dip. This reinforced the positive bullish sentiment in the market.

Analysts predict that PEPE is likely to break the overhead resistance of $0.00000913, potentially leading to further price increases towards $0.0000108 and $0.000012.

What’s Next for the Pepe Meme Coin?

The strategic withdrawal of PEPE tokens by Oxa14 is a testament to their successful trading strategy, boasting a perfect win rate and generating an estimated $2.59 million in profits.

Currently holding 660 billion PEPE tokens, valued at roughly $5.74 million, Oxa14’s continued accumulation suggests that seasoned investors are confident in a sustained upward trajectory for PEPE.

This bullish sentiment strengthens the likelihood of the coin price breaking through the overhead resistance of $0.00000913. If successful, this breakout could pave the way for a significant rally, potentially pushing the price towards $0.0000108, and eventually reaching $0.000012.

Crypto markets, however, are susceptible to fluctuations frequently. An individual should do their own research before investing in crypto markets to avoid irreplaceable losses.

Also Read: Solana, the Hidden Underdog of 2024 Meme Coins


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.