Staggering 1.48 trillion PEPE tokens have just exited world's largest crypto exchange, Binance
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The declines lasted three days before PEPE began to rebound. PEPE slid to lows of $0.00000734 in Wednesday's trading session before recovering.at the start of the week coincided with the broader declines on the cryptocurrency market. The cause of the drop, which began Tuesday evening when Bitcoin fell 6% in an hour, was not immediately evident, although speculators cited futures market liquidations and continuous selling pressure from Mt. Gox distributions and U.S. government holdings.
At the time of writing, PEPE was up 1.84% in the last 24 hours to $0.00000786. If the rebound sustains, PEPE might target its daily moving average 200 and 50 at 0.00000877 and $0.0000095, respectively. If these key levels are breached, including the crucial barrier at $0.00001, PEPE might kickstart a fresh bullish wave.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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