PEPE, a meme coin, has experienced a surge in price and crossed a market cap of $10 billion. It is trading at $0.0000254, with a 27% increase over the past week. The coin reached a new all-time high at $0.000027525 but faced a pullback due to increased supply. Despite this, a potential dip could trigger a buy-the-dip scenario. A smart trader cashed out on PEPE, making a profit of $2.13 million, marking a 197% return in just 2.5 months. Momentum indicators suggest bullish exhaustion, but with a broader market recovery, PEPE may bounce back and reach new all-time highs. Upside price targets are at $0.000030 and $0.00003492. The downside risk for PEPE is approximately 30% if it falls below the 23.60% Fibonacci level.



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