๐ข As of February 19, 2025, Pepe Coin ($PEPE ) is trading at approximately $0.00000980-$0.00001020, with a market capitalization around $4.18 billion.
โ This marks a significant decline from its all-time high of $0.00002678 in December 2024, when its market cap reached $11 billion.
๐ท The recent downturn in PEPE's price is attributed to several factors:
Market Sentiment: A broader bearish trend in the cryptocurrency market has impacted altcoins, including $PEPE .
Investor Behavior: On-chain data indicates a decrease in decentralized exchange (DEX) volume across multiple blockchain networks, suggesting reduced trading activity and interest.
โ Despite the decline, technical analysis points to a critical support level around the current price, which has historically prompted rebounds. The Relative Strength Index (RSI) indicates oversold conditions, suggesting potential for a short-term recovery.
๐จ However, if PEPE fails to maintain this support, further downside is possible. Investors are advised to monitor market signals and sentiment closely.
โ In summary, while PEPE has experienced a notable decline, its future performance will depend on broader market conditions and investor sentiment.
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