Pepe Crashes 41% in a Month – Investors Flock to New $9.3 Million Challenger
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
Stand aside Pepe (PEPE), after a major -41% PEPE price crash, smart money investors are rapidly rotating into a nearly $10M valued challenger – Pepe Unchained – on an intrepid quest to supercharge the frog coin ecosystem.
In this article, we will dissect Pepe price trends over the past month, and uncover whether a Pepe alternative represents a more promising HODL in the August market.
My timeline is losing it
Therefore we are in a bottoming process imo
Next wave is going to be the craziest by far
Ridiculously higher for all the quality memes$WIF $PEPE $GIGA $SCF $FWOG
Yet, as despair sinks in and all hope seems to evaporate from the HODL bank, it may be wise to remember perhaps Warren Buffet’s wisest words — ‘Be Greedy When Others Are Fearful, and Fearful When Others Are Greedy.’
As PEPE price confirms bearish divergence on the short-time frame, Pepe is currently trading at a market price of $0.00000731 (representing a 24-hour change of +0.41%).
This comes amid tumultuous price action that has formed an incredibly bearish head-and-shoulders pattern. Furthermore, PEPE price has confirmed this bearish divergence after four days below resistance at the neckline.
Downside price action now dominates the chart, with a month-on-month loss of around -41% and a further layer of descendant upside resistance from tumbling 20DMA (now standing at $0.00000822) limiting optimism – and highlighting a key upside target.
It seems likely that PEPE price is heading for a second-retest of lower support at $0.0000058 (a lower support further highlighted by
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