PEPE Sinks Alongside Many Other Altcoins as Bitcoin Dominance Tops 65%

Pep

One of the most important MEME coins is trying to maintain investors’ interest, according to the model of Coindesk Research technical analysis in the last 24 hours to $ 0.000009499.

In terms of wider sector MEMECOIN, MEMECOIN COINDESK MEMECOIN Index In the last 24 hours, the decline is 3.87%.

A sharp drop in Token means the continuation of its recent descending descending descending, which was marked by intensive volatility and heavy intraday sales.

Once retail darling with viral momentum and even short nodded from Elon Musk 9. April has since slipped into the influence of the market since it will move back to bitcoins. Musk briefly accepted the profile picture for the PEPE profile that is a move that sent the waves of meme coins. Yet the hype disappeared to a large extent.

This decline is part of a wider shift in the market of markets, where the dominance of bitcoins has now climbed above 65%, which is a level that has not been seen for more than two years. The trend indicates growing investors’ preferences for BTC with smaller altcoins, especially during a period of uncertainty and declining risk of appetite. This shift is felt to feel a sense of assets with a high beta, such as Pepe.

Despite the short rebound price, PEPE remains under pressure and faces a resistance of almost $ 0.00001013. Its inability to maintain the assembly reflects a wider rotation from the MEMs and its future performance may depend on whether the market sentiment returns to more risky assets or remains anchored in the names with large capital.

Emphasizing technical analysis

• PEPE-USD traded in the range of 16.1% and fell from 0.00001017 to $ 0.00000940 between June 25, 09:00 and 26 June 08:00 UTC.
• Strong resistance was formed at $ 0.00001013 during heavy sales between June 25, 14:00 and 16:00 UTC.
• The short-term support zone developed to 0.00000946-0.00000950 USD, where the price at the end of 25 June and early 26th June repeatedly reflected to a slight volume.
• During the last 60 minutes the analysis window, from 26 June 07:07 to 08:06 UTC, the price moved from 0.00000959 to $ 0.00000955.
• The tip of 91.9 trillion units at 07:17 UTC on 26 June coincided with a short 3.1% rally.
• Prices in the last minutes before the closure slipped by 0.9%, reflecting short -term profit.

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