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Pepe Coin price has lost momentum for two main reasons. First, it is common for an asset’s price to pause after experiencing a strong surge. In this case, Pepe was up by 170% from its lowest point earlier this year, approximately $0.00000519 in February. The pause usually occurs as some investors take profits.

Second, Pepe has stalled, mirroring the performance of other large cryptocurrencies. Bitcoin, which usually sets the tone in the crypto industry, has stalled at $104,000. Similarly, the Ethereum price has remained steady at $2,600. 

On the positive side, analysts are optimistic that Bitcoin has more upside ahead, which could lead to increased demand for meme coins like Pepe. BlackRock has set a target of $700,000, while Cathie Wood believes Bitcoin will eventually jump to $1.2 million.

If these forecasts hold true, the Pepe Coin price may resume its bull run in the coming days.