Since hitting all-time highs earlier this week, the price of Pepe (PEPE) has been falling. The price of PEPE is down 12% from its peak, causing traders to consider whether this is a good time to buy the dip.
Just last week, following the unexpected return of GameStop legend Roaring Kitty, Pepe soared to all-time highs of $0.000011. This person played a crucial role in the meme stock craze of 2021.
His return to X on Monday, his first appearance since 2021, reignited interest in stocks and coins. However, Pepe's price has since fallen to just over $0.00010.
According to chart analysis, it may be too early to buy into the current decline of PEPE. And this is why.
When will the price of Baby drop enough to make you want to buy?
Despite the recent downturn, Pepe bulls remain bullish.
