PEPE at Risk of Adding Zero, But There's a Catch
Main Idea
PEPE's price is nearing a critical support level at $0.000010, with potential risks of further decline, but market stabilization or whale accumulation could prevent it from losing another zero.
Key Points
1. PEPE is currently trading at $0.00001036, close to the critical $0.000010 support level.
2. The meme coin's price has shown significant volatility, with a 21.47% drop in trading volume to $502.69 million.
3. Whale activity has declined to levels not seen since December 2023, which could impact price stability.
4. Aggressive accumulation by whales or market stabilization might help PEPE avoid further decline.
5. The article highlights the precarious position of PEPE, with potential for either recovery or further loss in value.
Description
PEPE may lose one zero if ongoing sell-off trend does not clear off soon
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