Breaking: $PEPE Defies Market Odds Surges 8% TodayThe price of the frog-themed memecoin CRYPTOCAP:PEPE saw an 8% uptick in price today amidst general crypto and stock market turmoil which was largely as a result of the Donald Trump's Tax Tariff on crypto currencies and stock assets.
This move led to the US stock market officially losing $10 trillion since President Trump was inaugurated early this year.
Whereas for CRYPTOCAP:PEPE , the asset is already up 5% as of the time of writing in the 4-hour price chart. A break above the 50% Fibonacci retracement point could spark a bullish continuation for CRYPTOCAP:PEPE with the 1-month low acting as support point.
Similarly, Should selling pressure increase, we might experience a break below the 1-month low before a bounced to new highs.
What Is PEPE?
PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.
The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies.