PEPE-the new Meme cryptocurrency continues to surprise crypto participants with its massive growth and increasing popularity. In the 4-hour time frame, the coin price showcased a parabolic growth from the low of $0.000000185 to a high of $0.00000148, recording nearly 700% growth. This strong growth could be associated with its listing on top crypto exchanges just like Bitmex announced on Tuesday. Will the PEPE coin continue to recover further?
Key Points:
An evening star candle pattern in the daily increase hints the PEPE coin may face further correction.
A retracement to 50% FIB level is considered healthy for a sustained bull while below it the traders must be watchful
The intraday trading volume in the Pepe coin is $251.2 Million, indicating a 42% gain.
Source- Tradingview
The fast recovery PEPE coin price recently topped at the $0.00000148 mark and reverted for a minor correction. This bearish pullback evaporated around 40% from this memecoin’s market value and plunged it to $0
We współpracy z: https://coingape.com/markets/healthy-retracement-fuels-pepe-price-for-130-rally-in-its-next-recovery-cycle/
