Failed PEPE Price Recovery Leaves $600 Million Worth of Profits in Limbo
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PEPE, a meme coin, is trading at $0.00000881 and has yet to break the $0.00001000 resistance necessary for a significant price rally. Approximately $617 million worth of PEPE, acquired between $0.00000800 and $0.00000990, remains unprofitable until this resistance level is breached. Weak buying interest, indicated by a lagging Relative Strength Index (RSI), suggests further price stability is unlikely. Sellers currently dominate the market, imposing downward pressure on PEPE's price. A failure to exceed $0.00001000 might validate the bearish outlook, potentially pushing the price down to $0.00000775.
Source: beincrypto.com ↗
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