Recently, there has been an intense interest in meme coins in the crypto money industry. The volatile rises of products such as PEPE, FLOKI, AIDOGE, LADYS and WOJAK enabled investors to focus on these altcoins. Although, as of this week, the leading cryptocurrency Bitcoin (BTC) has lost value in meme coins due to the declines, situations may change again in the coming period.
According to Michael Van De Poppe, a successful cryptocurrency analyst, if the meme coin named PEPE holds on to the $0.000001730 support, it may rise to $0.000002400 in the coming days. Michael Van De Poppe had the following to say about PEPE on his official Twitter account:
Request 01 – $PEPE This one is making a bear market relief rally, I would say. Needs to hold above 173000, then we could see continuation towards 240000. If 173000 is lost, then I’m looking at playing a short and trying to catch a long at 85000.
PEPE, which managed to give an upward reaction after the sharp declines, seems to continue to rise if it does not lose its bull flag formation in the coming days. Although there is a possibility of upsurges in PEPE, breaking the $0.000001730 support may cause the situations to change.