$PEPE has fallen by 15% since the beginning of June, making it one of the worst meme coins of the past month. However, key participant of Pepe’s Dog (ZEUS) John "Jagged" Eirik suggested in an interview with BeInCrypto that Ethereum-based meme coins could rise in July.
"Meme coins on ETH are gaining attention due to the increase in investments in ETFs, which ETH is showing compared to BTC. ETH remains the second largest by market capitalization in cryptocurrency, and DeFi is the foundation of its infrastructure. This creates conditions for strong price growth. Liquidity will naturally flow into major projects on Ethereum, including well-known meme coins such as $PEPE, and those that emphasize authenticity and transparency," our interlocutor noted.
The MACD indicator shows the first bullish crossover in a month — this is a signal that the trend for PEPE could reverse, which will help the token recover from recent losses and reach the resistance level of $0.00001216. A breakthrough above this mark will indicate further growth in the coming weeks
