{"id":542086,"date":"2023-07-11T07:55:52","date_gmt":"2023-07-11T07:55:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=542086"},"modified":"2023-07-11T08:57:32","modified_gmt":"2023-07-11T08:57:32","slug":"pepe-potential-rebound-key-details-you-shouldnt-miss","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepe-potential-rebound-key-details-you-shouldnt-miss\/","title":{"rendered":"PEPE Potential Rebound: Key Details You Shouldn&#8217;t Miss"},"content":{"rendered":"<p><span style=\"font-weight: 400\">PEPE recently reached a new peak, driven by the significant hype surrounding Bitcoin Exchange-Traded Funds (ETFs). However, as the initial excitement surrounding ETFs subsided, Bitcoin (BTC) experienced a period of fluctuation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, during this time, PEPE has been gradually making lower highs. Amidst these fluctuations, it becomes essential to examine the underlying factors that have contributed to the declining trend in PEPE&#8217;s price perfomance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Are there external market forces at play, or is it indicative of a broader shift in the cryptocurrency landscape? Additionally, how will this development impact the future trajectory of PEPE and other cryptocurrencies?<\/span><\/p>\n<h2><strong>PEPE Price Performance: From Highs To Fluctuations<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">PEPE recently reached a new high of $0.00000190. However, its current price on <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\"> stands at $0.00000152, reflecting a modest 4.3% rally in the past 24 hours. Nevertheless, over the course of the last seven days, PEPE has experienced a significant decline of 13%.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-542087\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-60.png?resize=1138%2C63\" alt=\"\" width=\"1138\" height=\"63\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-60.png?w=1138 1138w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-60.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-60.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-60.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-60.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">Technical indicators further emphasize the shift in PEPE&#8217;s price trajectory. A <\/span><a href=\"https:\/\/ambcrypto.com\/is-a-rebound-likely-for-pepe-heres-what-you-need-to-know\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">PEPE price report<\/span><\/a><span style=\"font-weight: 400\"> highlights that various indicators have flashed sell signals. Notably, the Relative Strength Index (RSI) has made lower highs, indicating a decline in buying pressure over the past few days.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/sWUfo5hL\/\" width=\"2475\" height=\"1187\"><\/p>\n<pre style=\"text-align: center\">Total market cap of cryptocurrencies currently at $1.16 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Moreover, the On Balance Volume has eased, suggesting a decrease in demand, while the Average Directional Index (ADX) has dropped below 20, indicating a lack of a strong trend for PEPE.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These technical signals hint at the challenges PEPE has faced in the face of its recent fluctuations.<\/span><\/p>\n<h2><strong>Altcoins&#8217; Massive Pullbacks Amidst Bitcoin&#8217;s Extended Consolidation<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Meanwhile, Bitcoin (BTC) has entered a phase of extended consolidation, with its price fluctuating above the $30,000 mark for nearly two weeks. This prolonged period of stability, coupled with intermittent fluctuations, has had a cascading effect on the broader cryptocurrency market, leading to significant pullbacks in most altcoins, including PEPE.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/litecoin-weakens-below-100\/\" target=\"_blank\" rel=\"noopener \">Litecoin (LTC) Price Weakens Below $100 As Bears Extend Their Grip<\/a><\/div>\n<p><span style=\"font-weight: 400\">BTC&#8217;s status as the leading cryptocurrency makes its price movements a crucial factor influencing the market sentiment and performance of other digital assets. When Bitcoin experiences extended consolidation, investors and traders often exercise caution and become more hesitant to make significant moves.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-542111\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-61.png?resize=769%2C491\" alt=\"\" width=\"769\" height=\"491\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-61.png?w=769 769w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-61.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-61.png?w=750 750w\" sizes=\"(max-width: 769px) 100vw, 769px\"><\/p>\n<pre style=\"text-align: center\">PEPE seven-day price action. Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">As a result, altcoins, which rely on <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-10\/standard-chartered-ups-bitcoin-forecast-to-120-000-by-end-2024\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">BTC&#8217;s stability and positive market sentiment<\/span><\/a><span style=\"font-weight: 400\">, tend to be more susceptible to pullbacks and corrections.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The pullbacks in altcoins have been notable, with many experiencing substantial declines in value during this period of Bitcoin&#8217;s consolidation. The high correlation between Bitcoin and altcoins like PEPE exacerbates the impact of the crypto&#8217;s fluctuations on their prices.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano-price-momentum-bid-fizzles-out-despite-new-payment-feature\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Cardano Price Momentum Bid Fizzles Out Despite New Payment Feature<\/a><\/div>\n<p><span style=\"font-weight: 400\">As the alpha coin&#8217;s consolidation continues, closely monitoring its price movements and assessing the subsequent impact on altcoins and meme coins like PEPE becomes paramount for market watchers.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from PBS<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE recently reached a new peak, driven by the significant hype surrounding Bitcoin Exchange-Traded Funds (ETFs). However, as the initial excitement surrounding ETFs subsided, Bitcoin (BTC) experienced a period of fluctuation.\u00a0 Notably, during this time, PEPE has been gradually making lower highs. Amidst these fluctuations, it becomes essential to examine the underlying factors that have contributed to the declining trend in PEPE&#8217;s price perfomance. Are there external market forces at play, or is it indicative of a broader shift in the cryptocurrency landscape? Additionally, how will this development impact the future trajectory of PEPE and other cryptocurrencies? PEPE Price Performance: From Highs To Fluctuations PEPE recently reached a new high of $0.00000190. However, its current price on CoinGecko stands at $0.00000152, reflecting a modest 4.3% rally in the past 24 hours. Nevertheless, over the course of the last seven days, PEPE has experienced a significant decline of 13%. Source: Coingecko Technical indicators further emphasize the shift in PEPE&#8217;s price trajectory. A PEPE price report highlights that various indicators have flashed sell signals. Notably, the Relative Strength Index (RSI) has made lower highs, indicating a decline in buying pressure over the past few days. Total market cap of cryptocurrencies currently at $1.16 billion. Chart: TradingView.com Moreover, the On Balance Volume has eased, suggesting a decrease in demand, while the Average Directional Index (ADX) has dropped below 20, indicating a lack of a strong trend for PEPE.\u00a0 These technical signals hint at the challenges PEPE has faced in the face of its recent fluctuations. Altcoins&#8217; Massive Pullbacks Amidst Bitcoin&#8217;s Extended Consolidation Meanwhile, Bitcoin (BTC) has entered a phase of extended consolidation, with its price fluctuating above the $30,000 mark for nearly two weeks. This prolonged period of stability, coupled with intermittent fluctuations, has had a cascading effect on the broader cryptocurrency market, leading to significant pullbacks in most altcoins, including PEPE. Related Reading: Litecoin (LTC) Price Weakens Below $100 As Bears Extend Their Grip BTC&#8217;s status as the leading cryptocurrency makes its price movements a crucial factor influencing the market sentiment and performance of other digital assets. When Bitcoin experiences extended consolidation, investors and traders often exercise caution and become more hesitant to make significant moves. PEPE seven-day price action. Source: Coingecko As a result, altcoins, which rely on BTC&#8217;s stability and positive market sentiment, tend to be more susceptible to pullbacks and corrections. The pullbacks in altcoins have been notable, with many experiencing substantial declines in value during this period of Bitcoin&#8217;s consolidation. The high correlation between Bitcoin and altcoins like PEPE exacerbates the impact of the crypto&#8217;s fluctuations on their prices. Related Reading: Cardano Price Momentum Bid Fizzles Out Despite New Payment Feature As the alpha coin&#8217;s consolidation continues, closely monitoring its price movements and assessing the subsequent impact on altcoins and meme coins like PEPE becomes paramount for market watchers. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from PBS<\/p>\n","protected":false},"author":557,"featured_media":542112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8686,83767,88215,4735],"class_list":["post-542086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-price-action"],"acf":[],"yoast_head":"\n<title>PEPE Potential Rebound: Key Details You Shouldn&#039;t Miss<\/title>\n<meta name=\"description\" content=\"PEPE recently reached a new peak, driven by the significant hype surrounding Bitcoin Exchange-Traded Funds (ETFs). 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