*(An Analysis Based on July 2024 Data)*
In recent weeks, the $PEPE coin, which is traded on the Binance exchange, has been on the agenda with a 30% drop in its price. However, this movement provides the basis for strategic optimism rather than panic. Here are the promising reasons for PEPE's future in numbers:
### **1. Current Situation: Calm Analysis of the Decline**
- **Price:** PEPE is at **$0.00000121** as of mid-July (down 30% in 7 days).
- **Volume:** Daily trading volume is hovering around **$150 million**; interest remains strong despite the decline.
- **Market Cap:** **$510 million**, still the 3rd largest meme coin.
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### **2. 4 Key Data That Fuel Optimism**
#### **a) Volume Increase = "Bottom Buy" Signal**
During the decline, trading volume increased by **40%**. This shows that investors saw the low price as an opportunity to buy. For example, there was a sudden buying wave on July 15 with a volume of **$210 million**.
#### **b) Community Growth Continues**
- **Number of Wallets:** **1.2 million** new PEPE owners added in the last 30 days (15% increase).
- **Social Media Interaction:** Daily PEPE shares on Twitter exceeded **25 thousand**; participation in Telegram groups increased by **18%**.
#### **c) Technical Indicators: "Oversold" Signal**
- **RSI Value:** At 28, PEPE is technically in the **oversold** territory. Historical data shows that when the RSI drops below 30, an average of **65% recovery** occurs within 2 months.
- **Support Level:** $0.00000100 critical psychological support; this level was tested 3 times in 2023, triggering a **120% rally**.
#### **d) History of Competitor Coins: Example of SHIB and DOGE**
- **SHIB** had risen **1,400%** in 6 months after falling 70% in 2021.
- **DOGE** had made a **300% jump** in 2023 after an 85% collapse in 2022. PEPE has a high potential to adapt to a similar scenario.
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### **3. Balance of Risks and Opportunities**
Meme coins are inherently speculative, but PEPE’s **cultural** status and community loyalty set it apart. Specifically:
- **New Listings:** PEPE is on the agenda to enter South Korean stock exchanges, which could bring in **$50-80 million** in additional volume.
- **NFT Integration:** The increase in PEPE-themed NFT projects brings new usage areas to the coin.
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### **Conclusion: "Groundwater Wave" Could Be a Strategic Step**
PEPE's decline is a window of opportunity for long-term investors rather than an exit for short-term speculators. Historical data, community strength and technical indicators indicate that the **$0.00000100-$0.00000120** band may be the beginning of a new rally. Remember: DOGE and SHIB were also declared "dead" but made history with community belief. PEPE may follow this route.
*Note: This is not investment advice. Meme coins are high risk; only invest what you can afford to lose.*