With $36 million in liquidity on DEX platforms, PEPE trailed solely SLERF ($46M) and BOME ($37M). Different high contenders embrace MEW ($30M) and FLOKI ($29M), additional demonstrating the competitiveness inside the memecoin ecosystem.
Sometimes, rising liquidity ranges point out a heightened investor curiosity. If this development proceed, PEPE could witness renewed momentum within the coming weeks.
Including to the rising optimism, crypto merchants could be positioning themselves strategically forward of the anticipated U.S. Federal Reserve price minimize, anticipated to be mentioned on the September 17 FOMC assembly.
A possible Fed price minimize might flip the broader market right into a bullish cycle, making a window of alternative for merchants in search of high-risk, high-reward performs. Based mostly on the present market dynamic noticed throughout DEXs this week, traders low-cap tokens like PEPE, SLERF and BOME might witness early shopping for strain.
This underlines that with PEPE’s robust liquidity and buying and selling volumes might propel it previous established memecoins like DOGE and SHIB as soon as market sentiment flips bullish.
PEPE Value Forecast: PEPE Might Reclaim $0.000010 After Fed Price Minimize
On the time of writing on September 7, PEPE is buying and selling at $0.00007, marking a 13% rebound inside the final 24 hours. With $36 million liquidity reported throughout decentralized exchanges (DEXs), PEPE appears positioned for a bullish reversal, significantly if the US Federal Reserve cuts rates of interest through the September 2024 FOMC assembly.
Ought to this situation play out, PEPE might break by resistance ranges and rally in the direction of $0.000010.
Within the short-term, PEPE faces instant resistance at $0.00009, and technical indicators sign a difficult path ahead. The Ichimoku Cloud evaluation on the chart highlights that PEPE stays beneath the crimson cloud, signaling bearish momentum.