CandleFocus Pepe Coin price rebounds: Is the crash over?
2024-12-24
Author: Content Editor
Pepe coin, a meme cryptocurrency, experienced a rebound in price along with other meme coins during the Santa Claus rally on Christmas Eve. The rally occurred as Bitcoin surged to $98,500 and the crypto fear and greed index approached the greed zone. The market cap of all tracked coins also reached a high of $3.60 trillion. Pepe had a high trading volume of $2.2 billion and futures open interest rose for the third consecutive day. The coin's price was deemed cheap according to the Market Value to Realized Value indicator, suggesting it was oversold. However, there are indications that speculators exited their trades and the price may continue to decline after the Santa Claus rally.
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