Pepe Coin launched on April 2023, quickly gained popularity in the cryptocurrency world. Inspired by the internet meme character Pepe the Frog, it captured the imagination of a community-driven audience, leading to a meteoric rise in value.
In December 2024, Pepe Coin hit an all-time high of $0.0000275, soaring 1,900% since January, and its market cap exceeded $11 billion, š„ placing it among the top 20 cryptocurrencies.
However, by early 2025, the meme coin market faced a significant downturn. The total market capitalization of meme coins dropped from a peak of $137 billion in December 2024 to $56.2 billion by late February 2025
As of June 2, 2025, Pepe Coin continues to be traded, with its price and market capitalization fluctuating in response to market dynamics and investor sentiment.
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After reaching a high of $187 last week, SOL has dropped to around $152, marking a significant decline. This drop is attributed to a bearish "double-top" patternāa technical chart formation that often signals a reversal from an uptrend to a downtrend. In SOL's case, the two peaks occurred at approximately $184.5, with a neckline at $159.45. This pattern suggests that investors are hesitant to buy above these levels, indicating potential further declines.
Technical indicators, including the Relative Strength Index (RSI) and moving averages, support this bearish outlook, suggesting a possible target price of $136 if the downtrend persists.
The broader cryptocurrency market's weakness, exemplified by Bitcoin's recent fall, is also contributing to Solana's price pressure. Analysts note that SOL has dropped below key support levels and is underperforming compared to Ethereum.
As of now, Solana is trading at approximately $151.93, reflecting a 3.43% decrease from the previous day.
In summary, unless Solana can break above the $184.5 resistance level, the current technical and market indicators suggest a continued bearish trend.
šØ The cryptocurrency market dropped this weekend.šØ Dogecoin fell over 8%, PEPE dropped 12%, Bitcoin lost over 2% (trading above $103,600), and Ethereum declined nearly 4%. Other coins like Ripple, BNB, ADA, and SOL fell 2-5%. Analysts say trade tensions are contributing to the downturn and expect further market fluctuations.
here's what I found doing research on these coin go through every channel website as possible many website has the same value prediction should we buy more ? pepe Dogecoin Shiba Inu and XRP #Write2Earn