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15% PEPE Coin Price Rally Under Threat From Futures Traders

source-logo  coingape.com 21 August 2024 08:10, UTC
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Pepe Coin price remains resilient after a 14% surge during the brief market recovery on August 20. Following this uptick, PEPE briefly pulled back to a support zone, where it appears poised to rebound and potentially gain another 15%. Despite this optimistic outlook, futures trading data indicates that traders are largely betting against the meme coin. Over the past 24 hours, PEPE price has dipped slightly by 0.6%, settling at a critical support level. The key question now is whether the price of Pepe Coin will rise again and defy these bearish expectations.

coingape.com