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Pepe Price Analysis: Will PEPE Survive Prevailing Bear Pressure? Coingape 16 aug. 2024

Pepe Price Analysis: Will PEPE Survive Prevailing Bear Pressure? 📉

PEPE Ethereum Bitcoin Coingape

Pepe price is facing relentless bear pressure and is down for the week. Technical indicators suggest that the price of PEPE still has more downside distance to cover.

The entire cryptocurrency market cap is down by 2.1%, even though Bitcoin ETF netflows remain positive. Despite these netflows, Bitcoin itself is down by 0.9%.

The high correlation between PEPE and Ethereum also contributes to its downward movement.

Sursă: coingape.com ↗

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