Pepe (#PEPE ), which recently experienced a sharp decline following the development of the "Multisig" wallet, made a statement on his social media account following these developments. In the statement, they briefly stated that the malicious team left and the problem was solved.
Apart from all these developments, let's examine at what point #Pepe (PEPE) is in technical terms.
After all the bad news, Pepe managed to hold on above the green support zone at the bottom and created a green candle on the daily chart. This is one of the important points that shows that the support level is working. When we look at the past, we see that the horizontal trend moved to its peak with the reactions coming from this point.
The peak of the horizontal channel is seen as 0.00000186. Since we are examining it on a daily chart, it is important to remember that each candle represents a day. For this reason, it is necessary to calculate the estimated time for the target.
It is not investment advice. DYOR.
What is Pepe (PEPE)? What are its features?
Pepe Coin is a memecoin launched in 2023. Working on the #Ethereum blockchain, Pepe Coin is based on the character Pepe, a frog.
The features of Pepe Coin can be listed as follows:
It is a cryptocurrency called Memecoin.
It runs on the Ethereum blockchain.
It is based on the character Pepe, a frog.
It is one of the most valuable memecoins in terms of market cap.
Pepe Coin gained immense popularity in a short time when it was launched. The main reasons for this popularity include the widespread use of the Pepe character on the internet and social media, memecoins showing a great upward trend in 2022-2023, and Pepe Coin being separated from other memecoins with some features.
Pepe Coin has experienced huge volatility since its launch. During periods when market capitalization exceeded $1 billion, some investors made huge profits. However, with its price falling rapidly, some investors also suffered huge losses.
The future of Pepe Coin is not yet clear. However, if the popularity of memecoins continues, it is likely that Pepe Coin will also gain value in the long term.
The features of Pepe Coin can be summarized as follows:
It is a cryptocurrency called #Memecoin .
It runs on the Ethereum blockchain.
It is based on the character Pepe, a frog.
It is one of the most valuable memecoins in terms of market cap.
It has experienced great fluctuation since its launch.
