A prominent cryptocurrency trader says the underperforming memecoin could see a massive downside after breaching a key support level.
Cryptocurrency analyst Ali Martinez says The 57,700 followers on social media platform
“Watch out for daily closing prices outside the $0.00000793 – $0.00000664 range. “This could lead to a 54% rise in PEPE.”
As of this writing, PEPE is trading at $0.0000058, well below analyst support level of 0.00000664. A 54% adjustment in Martinez’s support could bring PEPE down to $0.000003.
Meme asset slump continues on Coinbase International Exchange Additional support Thursday about PEPE perpetual futures. The international arm of the leading U.S. cryptocurrency exchange first received approval to offer perpetual digital asset futures to non-U.S. investors last September.
In addition to Pepe, recently Coinbase International Exchange also Release Worldcoin (WLD), Sam Altman’s controversial identity-centric digital asset project, and ORDI (ORDI), a cryptocurrency project that aims to bring non-fungible token (NFT) functionality to the Bitcoin (BTC) blockchain. Permanent future support has been provided for
According to CoinGecko, Pepe hit an all-time high of $0.00001064 on March 14th.
Go to Crypto King Martinez note If BTC jumps to $71,700, $23 million could be liquidated on Binance, the world’s largest cryptocurrency exchange platform.
Bitcoin is trading at $67,045 at the time of this writing, down nearly 6% in the last 24 hours.
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