Recently, there has been significant interest in meme coins in the cryptocurrency sector. Coins such as PEPE, FLOKI, AIDOGE, LADYS, and WOJAK have experienced volatile price increases, attracting investors' focus.

Although meme coins have lost value due to the decline in the leading cryptocurrency Bitcoin (BTC) this week, the situation could change again in the future.

According to Michael Van De Poppe, a successful cryptocurrency analyst, if the meme coin PEPE manages to hold support at $0.000001730, it could experience a rise to $0.000002400 in the coming days.

Michael Van De Poppe stated the following about PEPE on his official Twitter account:

"Pepe is experiencing a relief rally in a bear market."

"Pepe needs to hold above $0.000001730. If it can maintain this level, a rise to $0.000002400 is possible."

"If PEPE loses support at $0.000001730, it could experience a drop to $0.0000008500."

PEPE has managed to rebound after sharp declines and is likely to continue its upward movement if it doesn't break the bullish flag formation in the coming days.

Although there is a possibility of further increases in PEPE, the breaking of the $0.000001730 support level could change the situation.

This article is not investment advice. Anyone considering investing should do their own research and take their own risks.