Pepe Coin Under Pressure: PEPE Token Faces a Major Price Drop?

The Pepe coin is grappling with strong bearish momentum. Its value has dropped sharply by over 19% in a week to around $0.00001250.

The Pepe coin price continues to show signs of weakness, with its value dropping sharply by over 19% in a week to trade around $0.00001250, according to recent market data. This significant dip follows the observed large whale activity, which injects massive tokens into the market while increasing selling pressure.

On the other hand, Shiba Inu is also on the verge of a 33% dip as the Bollinger Bands flash a red flag. After a bearish outlook over the past few days, the SHIB token lost a key support level at $0.00002, setting a low of $0.0000173 for the week. However, Shiba Inu’s price bounced back to $0.00001884 on Tuesday, above its previous low, but failed to materialize a return above the $0.00002, signaling limited buying ambition and power.

Pepe Coin Price Faces Major Pressure

Recent on-chain activity reveals that whale investors have moved over 1.1 trillion PEPE tokens to Binance within the past few days. These massive inflows have already destabilized the market sentiment, increasing uncertainty and volatility regarding Pepe’s price movement in the near term.

Since April 2024, Pepe’s price has remained within a trading range of $0.00000633 and $0.00001461. However, repeated rejections at its upper resistance levels suggest a potential dip. If the selling pressure continues, as indicated by technical indicators, the meme coin could record a 56% price dip from its current level, pushing it to a new low.

Pepe’s bearish outlook aligns with the ongoing meme coin market dip. Meme coins tend to experience higher volatility, making them more susceptible to whale-driven market fluctuations. With over 1.1 trillion PEPE tokens hitting exchanges, the Pepe market is at a critical juncture as investors and traders closely monitor the broader crypto trends and whale activity.

Shiba Inu Price Faces a 33% Dip As The Bollinger Bands Flash Warning

The Bollinger Bands, a market indicator that helps visualize volatility and identify potential turning points within the market, are flashing warning signs regarding Shiba Inu price movement. After a bearish outlook over the past few days, the SHIB token lost a key support level at $0.00002, setting a low of $0.0000173 for the week.

However, Shiba Inu’s price bounced back to $0.00001884 on Tuesday, above its previous low, but failed to materialize a return above the $0.00002, signaling limited buying ambition and power. The price of Shiba Inu was also unable to surge above the mid-curve represented by the 20-day MA on the weekly chart, a move that maintains a bearish bias for the SHIB token.

With the Shiba Inu price remaining below the median of the major indicators, revisiting the lower band, which extends to $0.00001251, is more likely than a surge to the upper band at $0.0000312. If this scenario materializes, the price of Shiba Inu could face a 33% crash from its current levels.

Remittix’s Over 219% Rally Set To Attract More Investors

Remittix (RTX) is set to redefine global payments by integrating blockchain technology with FIAT transactions, offering cost-efficient and fast cross-border solutions. With support for over 40 cryptos, including Shiba Inu and Ethereum, the platform provides instant conversions into fiat currencies, including GBP and USD, enabling seamless deposits into recipients’ banks across the globe.

As a bridge between crypto and fiat, Remittix is a superior counterpart to traditional payment providers like Wise and Stripe and crypto-exclusive platforms like Coinbase. Supporting over 30 fiat currencies and 50-plus crypto pairs, Remittix will ensure inclusivity and accessibility for individuals and businesses, simplifying global commerce with its unique range of options.

The platform’s open fiat-flee approach also ensures transparency and cost savings over most conventional banks’ exorbitant costs and inadequate exchange rates. This approach guarantees that the amount sent reaches the recipient as it is, making Remittix a game-changer within the payments industry, where shady practices seem too familiar.

Priced at $0.0479, the RTX token offers a compelling investment opportunity. Early investors enjoy an over 219% ROI. Forecast also predicts significant growth, with a 25x growth potential in its presale phase, as demand for innovative cross-border payment solutions continues to increase.

Will Remittix Mirror Pepe and Shiba Inu’s Early Performance?

Pepe coin continues to record a bearish outlook as whales move over