The cryptocurrency $PEPE is showing remarkable resilience in the current market conditions. Despite significant pullbacks in major cryptocurrencies like Bitcoin ($BTC) and Ethereum ($ETH), $PEPE has maintained strong support levels, notably at 1080. Market analysts highlight $PEPE as the strongest major meme coin, with its price being absorbed by spot buys in anticipation of a market recovery. The coin has 274,000 holders and is seen as a key player in the potential bull market. The overall meme coin market cap is currently at $46 billion, down from a prior all-time high of $80 billion in May 2021. Observers note that $PEPE has not only avoided new lows but is also touching the upper channel, suggesting a possible breakout amid the broader market downturn. Every Monday crypto dump has been noted, and $PEPE has shown a 5 wave rise, with expectations of a parabolic move by EOY.
It looks like $PEPE is back up touching the upper channel and looking to break thru. Is altcoin/memecoin season about to break loose despite $BTC struggles? https://t.co/RwY2kvQUzl
Liking $pepe here, can see a nice 5 wave rise and abc back down done. one of the few alts to actually not get smoked and make new lows in yesterday/todays carnage. https://t.co/3LB1EHOjPh
I have never seen a support hold this strong as the $PEPE 1080 support. Even with major $BTC and $ETH pullbacks, the price refuses to stay lower. https://t.co/ExBhHpmFSa
TOTAL MEME COIN MARKET CAP current cycle thoughts (also on chart): 🔸 $80B MC prior ATH (May 2021) 🔸 $69B MC current cycle high (6/6) 🔸 $46B MC currently 🔹 consolidating here, parabolic by EOY. $PEPE $WIF $DOGE $SHIB https://t.co/EMjEZkVnvm
Even tho the whole market nuked, $PEPE refuses to go lower. https://t.co/eoOHABAy9z
$pepe unphased watching the rest of the market put in new lows while it ranges https://t.co/iSLqJk9tA4
$PEPE 274k holders fastest horse in the market, winners win https://t.co/wcwy7gUNyj
Good Morning Every Monday crypto dump lately. $PEPE long stays open, this level is a very strong support. 💚🐸 https://t.co/rB7bgrRUJT
Memes usually go: > huge run up > 70/80% dump / capitulation IF they manage to stay relevant then it’s typically followed by: > boring sideways forming a U-shaped bottom > slow grind up > next leg / huge run up $Pepe is one cycle ahead of $SOL memes, currently having its…
🐸🔑🔓🐂📈 $PEPE is the key to unlock the bull market. https://t.co/MjSL5OrcxX
Market update - $PEPE (Bullish) TL;DR - $PEPE is the strongest major MEME. Price - $PEPE is the strongest meme in both the pumps and retracements. Currently, $PEPE is being absorbed by spot buys who anticipate the market recovers and the strongest MEME continues upwards… https://t.co/TtdQPjYdnN