The meme coin Pepe (PEPE) is currently seeing a positive outlook for a potential upside rally, according to crypto experts and its on-chain metrics. This bullish sentiment is shared amidst an ongoing recovery in the cryptocurrency market.
A crypto expert recently posted on X (formerly Twitter) suggesting that PEPE's current price is nearing a significant buy-the-dip opportunity. This observation is based on the coin's proximity to a 50% retracement level, which is often considered a favorable point for investment by traders.
Experts and analysts are closely monitoring the trends and data associated with PEPE to evaluate its future performance in the ever-volatile crypto market. Investors are advised to keep an eye on these indicators and trends if considering entering the market at these levels.
