Pepe Down 50% From Its All-Time High But: 'Time To Be Bearish Was At The Highs,' Trader Cautions
Portfolio Pulse from Khyathi Dalal
Pepe (CRYPTO: PEPE) has dropped 50% from its all-time high, but traders suggest a potential recovery. Analysts highlight that the time to be bearish was at the highs, not now, and predict a breakout from the descending channel. Despite a decrease in large transactions, daily active addresses have increased.
September 13, 2024 | 2:22 pm
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Pepe has experienced a significant decline from its all-time high, but traders are optimistic about a potential recovery. The decrease in large transactions and increase in daily active addresses suggest changing market dynamics.
The article discusses Pepe's significant price drop and traders' optimistic outlook for a recovery. The mention of increased daily active addresses and potential breakout from a descending channel supports a positive short-term impact.
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