The memecoin, PEPE, is experiencing a rise in selling pressure, which could potentially trigger a price correction. This surge in selling activity may influence the market dynamics surrounding the cryptocurrency.
Market analysts are closely monitoring this situation to determine how it might impact PEPE’s current price levels and investor sentiment. A continued increase in selling pressure is likely to push the value of PEPE downward, affecting its market performance.
Some investors might consider this a buying opportunity if the price dips to attractive levels, while others could perceive it as a signal to retreat from the market temporarily.
