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Pepe Battles Price Decline, But Analysts Signal A Potential Rally Ahead Newsbtc 28 ott 2024

Pepe Battles Price Decline, But Analysts Signal A Potential Rally Ahead 📉

Pepe [PEPE] currently trades at approximately $0.000000900 and is experiencing a challenging phase. The Relative Strength Index (RSI) at 43.80 indicates a slight seller advantage, signaling a downward price trend despite past growth.

The number of PEPE holders is growing, nearing 296,000, indicating community support amid declining trade activity. Active addresses have decreased significantly, pointing to lower trading volumes and liquidity. This trend shows fading enthusiasm in the memecoin market.

Investors exhibit cautious sentiment, with subdued price action influenced by market uncertainty. Analysts project a potential 200% increase over three months, suggesting upside potential. CoinCheckup predicts a 220% price drop in the upcoming month but anticipates a 165% profit by 2026, implying renewed sector interest.

Fonte: www.newsbtc.com ↗

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