Crypto trader appears to believe that the price of a falling memecoin will plummet after it violates a crucial support level.
Crypto analyst Ali Martinez tells Pepe, the frog meme-themed asset (as per his 57.700 followers on social media platform X) has a total of 58.700 fans.PEPE“” is “preparing for its next move” Recent price issues have caused the company to suffer.
“Watch out for a daily close outside of the $0.00000793 – $0.00000664 range, which could lead to a 54% move for PEPE.”
PEPE’s current price is $0.0000058. That’s well below the analyst-supported level of 0.00000664. PEPE’s price could drop to $0.000003 if it falls 54% from Martinez’s level of support.
Coinbase International Exchange has continued to decline the meme asset market. added support PEPE futures for Thursday. First received by the international arm of US’s top crypto exchange. the green light Last September, we offered perpetual digital assets futures to foreign investors.
Coinbase International Exchange has also been recently added to the list of exchanges that accept Pepe rolled out Worldcoin, the controversial digital asset that focuses on identity and is being developed by Sam Altman (WLD), as well as ORDI (ORDIThe project aims to introduce non-fungible token (NFT), to Bitcoin.BTC) blockchain.
Pepe reached its highest ever value of $0.00001064 in March, according to CoinGecko.
Martinez is the next crypto-king. notes Binance’s, the biggest crypto-exchange platform in the world, could liquidate $23 millions if BTC jumped to $71,700.
![GIjBRxAXAAE-jGP](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1713058924_154_Slumping-Memecoin-Pepe-Could-Witness-Nearly-50-Collapse-Warns-Crypto.jpeg)
Bitcoin currently trades for $67.045, which is a drop of nearly 6% over the last 24 hour.
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