PEPE bides its time near key support: Can it reverse the losses since May?

Quick Summary:

The two sets of Fibonacci retracement levels plotted captured the higher timeframe critical support zones on the price chart.

One of the latest developments around the memecoin was the deposit of PEPE tokens worth $7.8 million into the Binance exchange.

If it does not, a long-term bear trend might still not be established.The 78.6% level further south at $0.0000068 would be expected to reverse the deep correction.

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Article Details

Author / Journalist: Akashnath S

Category: Crypto

Markets: United StatesIndia

Topics: News 1 HideCryptopanic No Homepage Analysis Pepe Social Trading View News Ambcrypto Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 21:00:05 (2 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21405052

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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