PEPE has been riding an elevator today. It briefly broke above 0.000005 around midnight, but after a hack-related sell-off on Binance this morning, it plunged straight to 0.00000447. So much for holding above 0.000005 like we said last night—it didn’t hold at the time.
But this coin can really take a beating. It’s climbed all the way back from the bottom and is now at 0.00000518u, up nearly 7% over 24 hours, while Bitcoin is down more than 3% today.
Trading volume is over $1.8 billion for the day, with a market cap of just $2.1 billion. The tokens have nearly all changed hands, and most of the cheap coins dumped after the theft have already been snapped up.
I still see the short-term outlook as bullish. It’s reclaimed 0.000005; if a retest holds, you could consider getting in. The 0.0000055 level above is the overnight high. If it breaks through, it could head for 0.000006.
If it drops back below 0.0000047, take a breather and see what happens. #PEPE $PEPE
But this coin can really take a beating. It’s climbed all the way back from the bottom and is now at 0.00000518u, up nearly 7% over 24 hours, while Bitcoin is down more than 3% today.
Trading volume is over $1.8 billion for the day, with a market cap of just $2.1 billion. The tokens have nearly all changed hands, and most of the cheap coins dumped after the theft have already been snapped up.
I still see the short-term outlook as bullish. It’s reclaimed 0.000005; if a retest holds, you could consider getting in. The 0.0000055 level above is the overnight high. If it breaks through, it could head for 0.000006.
If it drops back below 0.0000047, take a breather and see what happens. #PEPE $PEPE
