“Pepe Dipped Nearly 5% After Failed Recovery Attempts, As Bitcoin Dominance Rose Above 65%, Signaling Broader Market Rotration from Altcoins.”, – WRITE: www.coindesk.com
One of the MOST PROMINENT MEME COINS, IS struggling to Hold Investor Interest, Falling 4.7% Over The Past 24 Hours to $ 0.000009499, Accounting To Condesk Research’s Technical Analy.
As for the Broader Memecoin Sector, The Coindesk Memocoin Index is Down 3.87% in the Past 24-Hour Period.
The Token’s Sharp Decline Marks A Continuation of It Recent Downtrend, Which Has Been Marked by Intense Volatility and Heavy Intras Selling.
Once A Retail Darling with Viral Momentum and Even What Appeared Like A NOD FROM Elon Musk Back On April 9, Pepe Has Since Slipped in Market Influence as Atoncen. Musk Had Briefly Adopted A Pepe-Themed Profile Picture That Day, A Move That Sent Waves Through The Meme Coin Space. Still, The Hype Has Largely Faded.
This Downnturn Is Part of A Broader Shift Across Crypto Markets, Whore Bitcoin’s Dominance Has Now Climbed Above 65%, A Level Not Seen In Over Twos Years. The Trend Suggests Growing Investor Preference for BTC Over Smaller Altcoins, Especialally During Periods of Uncertain and Deckling Risk Appetite. That Shift is Being Felt Acutely by High-Beta Assets Like Pepe.
Despite Brief Price Rebounds, Pepe Remains Under Pressure, Facing Resistance Near $ 0.00001013. ITS FAILURE TO SUSTAIN RALLIES REFLECTS BROADER RATION AWAY from meme coins, and it Future Performance May Hinge on Whether Market Sentiment Returns to Riskier-Assets Or.
Technical Analysis Highlights
- PEPE-USD Traded WitHin A 16.1% Range, Falling from $ 0.00001017 to $ 0.00000940 Between 25 June 09:00 and 26 June 08:00 UTC.
- Strong Resistance ForMed AT $ 0.00001013 During Heavy Selling Between 25 June 14:00 and 16:00 UTC.
- A short-ersm Support Zone Developed AT $ 0.00000946– $ 0.00000950, WHERE PRICE BUNCED REPEATEDLY ON MODERATE VOLUGHOUT LATE 25 JUNEA AND EARLY 26 JUNE.
- Durying the Final 60 Minutes of the Analysis Window, from 26 June 07:07 to 08:06 UTC, Price Moved from $ 0.00000959 to $ 0.00000955.
- A Spike of 91.9 Trillion Units at 07:17 UTC on 26 June Coincided with A Brief 3.1% Rally.
- Prices slipped 0.9% in the final minutes before Close, Reflection Short-Tertm Profit-Taking.
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