Pepe's price has significantly dropped 24% over the past week despite a recent 2% rise in the last 24 hours.
Current Situation with Pepe's Price
Currently, Pepe is trading at $0.00001793. Over the past week, the price has dropped 24%, with trading volume decreasing by 11% to $2.4 billion.
Factors Influencing the Price
Pepe's Bollinger Bands have started to narrow, indicating rising trader uncertainty. The Relative Strength Index also fluctuates in the neutral area, showing traders' reluctance to push the price in any particular direction.
Alternatives and Prospects
While Pepe is facing challenges, its competitor Wall Street Pepe (WEPE) is gaining attention, having raised over $34.84 million in three weeks. WEPE markets itself as a community for token holders, sharing strategies and indicators.
The current uncertainty surrounding PEPE may soon be resolved, with potential market recovery. In the face of volatility, investors are looking at alternatives like WEPE.
