Global #PEPE

A significant on-chain event has caught the attention of the crypto market: Auros Global, an algorithmic trading firm, made one of the largest single purchases of PEP

The frog-themed meme coin Pepe Coin (PEPE) is experiencing a significant rally, with its price soaring by 16% today to trade near $0.00001225.

Despite a recent modest price increase, market sentiment around the memecoin Pepe (PEPE) is intensely bullish. This optimism is fueled by several factors, including a technical breakout

The price of PEPE is currently at $0.0000096, showing a decline over the past day and week. The cryptocurrency is trading near the bottom of a Symmetrical Triangle pattern, a level that has typically provided support.

The article analyzes the recent performance of two major memecoins, Shiba Inu (SHIB) and PEPE, noting a general lack of action in the broader memecoin market.

After a sharp decline, Pepe (PEPE) saw a minor recovery but continues to show signs of weakness across multiple fronts. Data from on-chain and derivatives markets points to a potential for further price drops.