when

Notable

PEPE

<ul> 
 <li><strong>PEPE experiences volatility after hitting ATH, signaling market turbulence.</strong></li> 
 <li><strong>Notable Whale profits $4.82M from a $494K investment in less than six months</strong></li> 
</ul> 
<p>The popular frog-themed memecoin, PEPE, has experienced a tumultuous period, with its price dropping 3.50% in the past 24 hours and trading volume declining by 5.20%. This volatility follows an impressive surge to an all-time high (ATH) of $0.00001718 just eight days ago. Over the past week, PEPE has seen a 10.21% decrease, reflecting the broader market’s bearish sentiment.</p> 
<p>Despite the recent downturn, PEPE demonstrated strong performance in mid-May, consistently hitting new ATHs and securing its place as the third-largest memecoin by market cap. Over a month, the token surged by 65%, underscoring its potential and attracting significant attention from investors and traders alike.</p> 
<p>One notable event in the PEPE market is the recent activity of a prominent whale. This investor <a href="https://x.com/lookonchain/status/1797835172697735451" target="_blank" rel="noreferrer noopener">deposited</a> 365.96 billion PEPE, valued at $5.3 million, into Binance. Remarkably, this whale had withdrawn the same amount of PEPE from MEXC in mid-December 2023, when it was worth $494,000. This transaction highlights an extraordinary profit of $4.82 million and an astonishing ROI of 976% in less than six months.</p> 
<p>Meanwhile, Analysts are observing fluctuating weighted sentiment around PEPE on social media platforms, indicating a lack of consistent narrative. The community’s mood has been swinging between bullish and bearish within days, suggesting ongoing volatility in PEPE’s market behavior.</p> 
<h3 class="wp-block-heading" id="h-can-pepe-bulls-turn-the-tide">Can PEPE Bulls Turn the Tide?</h3> 
<p>Technical analysis of PEPE’s daily chart reveals a bearish trend, with the 9-day EMA at $0.00001461 with its current price at $0.00001423. And the daily RSI stands at 58, indicating a neutral position. If <a href="https://in.tradingview.com/chart/EJXIwxE9/?symbol=BINANCE%3APEPEUSDT" target="_blank" rel="noreferrer noopener">bulls</a> regain momentum, the price could rise to $0.00001562, with a subsequent target of $0.00001735.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/YKh6w3OwQgEksS5PUfKQc5gSIRo1oEsGWzEnwbXpw2Tp2OBvrTKtAOr8lHnjrlItz-pff15veaB2keUqg4ZOnWUp9C-_oSLu-o6fIUv9lmkYJfBYLfV5ky32sfJH8ZWAm7sG00Q44i3dfkUI3GeeKbM" alt="">
  <figcaption class="wp-element-caption">
   PEPE Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div> 
<p>Conversely, if bearish forces prevail, the <a href="https://thenewscrypto.com/pepe-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">price</a> may fall to $0.00001353.As it navigates through these choppy waters, market participants remain divided on its short-term outlook, though its recent history of rapid gains keeps it firmly on the radar of <a href="https://thenewscrypto.com/strict-crypto-exchange-licensing-in-hong-kong-raises-investor-concerns/" target="_blank" rel="noreferrer noopener">crypto</a> enthusiasts.</p>

Is PEPE’s Volatility a Prelude to New Highs or Further Declines?

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TheNewsCrypto

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