Yes, $PEPE is showing an exceptional price performance, but there are a few factors investors should consider before entering again
. The cryptocurrency has notched a remarkable 63% increase in value since the market turnaround began. This surge has not just been a case of riding the wave; PEPE has managed to overcome numerous resistance levels, effectively outpacing the prevailing selling pressure.
So, where might these inflows be coming from? A plausible answer lies in the developers who previously cashed out their"premines" at high levels. This cashing out, coupled with the market recovery, could have catalyzed the recent PEPE rally.
While a drop in price is typically seen as negative, this impending dip might have a silver lining. If XRP lands on the $0.46 support level and successfully holds it, the event could be interpreted as a confirmation of this level as a solid base. It could thus inspire confidence among traders and potentially catalyze a buying spree that could reverse the bearish tide and initiate a bullish rally. has been striving to overcome a formidable barrier: the 50-day Exponential Moving Average .
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