{"id":535634,"date":"2023-05-30T08:13:30","date_gmt":"2023-05-30T08:13:30","guid":{"rendered":"https:\/\/wncen.com\/?p=535634"},"modified":"2023-05-30T08:31:59","modified_gmt":"2023-05-30T08:31:59","slug":"pepecoin-drops-to-critical-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pepecoin-drops-to-critical-level\/","title":{"rendered":"Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score"},"content":{"rendered":"

Pepecoin (PEPE) has recently experienced a significant development as it hits a crucial bullish order block (OB), raising hopes for a potential recovery opportunity.\u00a0<\/span>However, the ability to reverse the prevailing downtrend momentum is contingent upon an essential factor that holds the key to the coin’s future trajectory.\u00a0<\/span><\/p>\n

In a market characterized by uncertainty, investors and enthusiasts eagerly await the resolution of this pivotal element to determine whether Pepecoin can regain its lost momentum and chart a new course.<\/span><\/p>\n

Related Reading: Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot?<\/a><\/div>\n

Evaluating Pepecoin Price Potential For A Reversal<\/strong><\/h2>\n

Since May 24, Pepecoin (PEPE) has exhibited a <\/span>positive response to the bullish OB<\/span><\/a>. This encouraging price action implies a significant influx of buyers at this level, indicating that the bullish OB could serve as a crucial demand zone capable of triggering a potential price U-turn, especially if\u00a0Bitcoin makes it past the key $28,000 region.\u00a0<\/span><\/p>\n

Nevertheless, PEPE’s price movement currently faces constraints from both ends. On one side, there is the trendline resistance, while on the other side, the bullish OB acts as a limiting factor.<\/span><\/p>\n

<\/p>\n

Crypto total market cap unchanged at $1.12 trillion. Chart: TradingView.com<\/a><\/pre>\n
Should the bullish sentiment persist and bulls manage to overcome the resistance posed by the trendline, PEPE could endeavor to rally towards the 50% Fibonacci level, which stands at $0.00000160.\u00a0<\/span><\/p>\n
PEPE currently finds itself in the grips of a challenging market environment, with its <\/span>CoinGecko<\/span><\/a> price at a meager $0.00000136. The past 24 hours have witnessed a slight slump of 6.5%, further exacerbating the coin’s struggles, while the seven-day period has seen a significant decline of 13.6%.<\/span><\/p>\n
\"\" \"\"<\/p>\n
Source: Coingecko<\/pre>\n
Understanding PEPE’s Volatility And Intrinsic Value<\/strong><\/h2>\n
Pepecoin (PEPE) has consistently exhibited an incredibly volatile movement, a characteristic that is not entirely unexpected. As a cryptocurrency, PEPE falls within the broader category known for its highly volatile nature. However, PEPE’s status as a meme coin adds an additional layer of complexity to its price fluctuations, as it lacks intrinsic value.<\/span><\/p>\n
In the early stages, PEPE experienced a continuous upward price movement, drawing attention and interest from investors <\/span>seeking quick gains<\/span><\/a>. However, experts in the field have long predicted that, eventually, PEPE’s price would spiral downwards. Regrettably, the current situation seems to align with these projections.<\/span><\/p>\n
Impressive DEXT Score For Pepecoin<\/strong><\/h3>\n
Meanwhile, Pepecoin enjoys an impressive DEXT Score of 99\/99 and high liquidity, which is a positive sign for the meme coin.<\/p>\n
DEXTools’ DEXT Score<\/a> is an algorithm that takes into account data from the blockchain as well as other sources to determine the reliability of a given project. The higher the score, the better for the crypto.<\/p>\n
Social data, pair liquidity, transaction volume, token circulation, and contract creation are just some of the metrics that make up the DEXT Score.<\/p>\n
\"\"<\/p>\n
Source: DEXTools<\/pre>\n
Meme coins, like PEPE, often rely heavily on social media trends, community enthusiasm, and speculative trading. Without a solid foundation of intrinsic value or underlying assets, their prices are particularly vulnerable to sudden shifts in sentiment and market dynamics.\u00a0<\/span><\/p>\n
As a result, investors must approach meme coins like PEPE with caution and a thorough understanding of the inherent risks involved.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)<\/em><\/p>\n
-Featured image from Science & Faith<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Pepecoin (PEPE) has recently experienced a significant development as it hits a crucial bullish order block (OB), raising hopes for a potential recovery opportunity.\u00a0However, the ability to reverse the prevailing downtrend momentum is contingent upon an essential factor that holds the key to the coin’s future trajectory.\u00a0 In a market characterized by uncertainty, investors and enthusiasts eagerly await the resolution of this pivotal element to determine whether Pepecoin can regain its lost momentum and chart a new course. Related Reading: Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot? Evaluating Pepecoin Price Potential For A Reversal Since May 24, Pepecoin (PEPE) has exhibited a positive response to the bullish OB. This encouraging price action implies a significant influx of buyers at this level, indicating that the bullish OB could serve as a crucial demand zone capable of triggering a potential price U-turn, especially if\u00a0Bitcoin makes it past the key $28,000 region.\u00a0 Nevertheless, PEPE’s price movement currently faces constraints from both ends. On one side, there is the trendline resistance, while on the other side, the bullish OB acts as a limiting factor. Crypto total market cap unchanged at $1.12 trillion. Chart: TradingView.com Should the bullish sentiment persist and bulls manage to overcome the resistance posed by the trendline, PEPE could endeavor to rally towards the 50% Fibonacci level, which stands at $0.00000160.\u00a0 PEPE currently finds itself in the grips of a challenging market environment, with its CoinGecko price at a meager $0.00000136. The past 24 hours have witnessed a slight slump of 6.5%, further exacerbating the coin’s struggles, while the seven-day period has seen a significant decline of 13.6%. Source: Coingecko Understanding PEPE’s Volatility And Intrinsic Value Pepecoin (PEPE) has consistently exhibited an incredibly volatile movement, a characteristic that is not entirely unexpected. As a cryptocurrency, PEPE falls within the broader category known for its highly volatile nature. However, PEPE’s status as a meme coin adds an additional layer of complexity to its price fluctuations, as it lacks intrinsic value. In the early stages, PEPE experienced a continuous upward price movement, drawing attention and interest from investors seeking quick gains. However, experts in the field have long predicted that, eventually, PEPE’s price would spiral downwards. Regrettably, the current situation seems to align with these projections. Impressive DEXT Score For Pepecoin Meanwhile, Pepecoin enjoys an impressive DEXT Score of 99\/99 and high liquidity, which is a positive sign for the meme coin. DEXTools’ DEXT Score is an algorithm that takes into account data from the blockchain as well as other sources to determine the reliability of a given project. The higher the score, the better for the crypto. Social data, pair liquidity, transaction volume, token circulation, and contract creation are just some of the metrics that make up the DEXT Score. Source: DEXTools Meme coins, like PEPE, often rely heavily on social media trends, community enthusiasm, and speculative trading. Without a solid foundation of intrinsic value or underlying assets, their prices are particularly vulnerable to sudden shifts in sentiment and market dynamics.\u00a0 As a result, investors must approach meme coins like PEPE with caution and a thorough understanding of the inherent risks involved. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from Science & Faith<\/p>\n","protected":false},"author":557,"featured_media":535648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,88215,88156,4735],"class_list":["post-535634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-pepecoin","tag-price-action"],"acf":[],"yoast_head":"\nPepecoin Price Tumbles To Critical Level - Reversal In The Cards?<\/title>\n<meta name=\"description\" content=\"Pepecoin (PEPE) has recently experienced a significant development as it hits a crucial bullish order block (OB), raising hopes for a potential recovery\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/pepecoin-drops-to-critical-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pepecoin Price Tumbles To Critical Level - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score","url":"http:\/\/wncen.com\/news\/pepecoin-drops-to-critical-level\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/pepecoin-drops-to-critical-level\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-166.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-166.png?fit=717%2C441"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","pepe price","pepecoin","price action"],"dateCreated":"2023-05-30T08:13:30Z","datePublished":"2023-05-30T08:13:30Z","dateModified":"2023-05-30T08:31:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/pepecoin-drops-to-critical-level\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/pepecoin-drops-to-critical-level\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-166.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-166.png?fit=717%2C441\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"pepe price\",\"pepecoin\",\"price action\"],\"dateCreated\":\"2023-05-30T08:13:30Z\",\"datePublished\":\"2023-05-30T08:13:30Z\",\"dateModified\":\"2023-05-30T08:31:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-166.png?fit=717%2C441","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/535634"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=535634"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/535634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/535648"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=535634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=535634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=535634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}