The meme coin market has been struggling lately, and Pepe has taken one of the hardest hits. The coin recently dropped to a one-year low, down about 40% over the past year.
What really stands out is the funding rate, which continues to fall and has just hit its lowest level in months. This decline indicates that traders are remaining cautious amid the market uncertainty.
Open interest remains a key factor to watch as the situation develops.
The post Pepe Price Prediction: PEPE Bounces From Long Time Support – Next Move Could Surprise Everyone appeared first on Cryptonews.
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