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PEPE Price Forecast: PEPE Could Reclaim $0.000010 After Fed Rate Cut

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2024-09-08 03:01:09299browse

With $36 million in liquidity on DEX platforms, PEPE trailed only SLERF ($46M) and BOME ($37M). Other top contenders include MEW ($30M) and FLOKI ($29M)

PEPE Price Forecast: PEPE Could Reclaim <img src=.000010 After Fed Rate Cut" >

Cryptocurrency memecoin PEPE (PEPE) continues to attract attention among traders on decentralized exchanges (DEXs), with the token emerging as the third most liquid memecoin this week.

According to data 汇总 by DEX aggregation service (DeFi Llama), as of September 7th, PEPE's DEX liquidity is $36 million. This number is the second highest in the memecoin category.

According to the chart, the most liquid memecoin on the DEX is SLERF (SLERF), with liquidity of $46 million. BOME (BOME) follows with $37 million, followed by MEW (MEW) with $30 million and FLOKI (FLOKI) with $29 million.

Increasing liquidity generally indicates increased interest from investors. If this trend continues, PEPE could regain momentum in the coming weeks.

This trend suggests that crypto traders are strategically positioning themselves ahead of the expected rate cut by the US Federal Reserve, which will be discussed at his FOMC meeting on September 17th. .

If the Fed cuts rates, the broader market could enter a bullish cycle, creating opportunities for traders seeking high risk and high returns. Based on the market dynamics observed on DEXs this week, we will be watching for early buying pressure in stocks such as PEPE, SLERF, and BOME.

From this, PEPE, which has both high liquidity and trading volume, could outperform major memecoins such as DOGE and SHIB once market sentiment turns bullish.

PEPE Price Prediction: Fed Rate Cut Will Help Him Recapture $0.000010

As of September 7th, PEPE is trading at $0.00007, registering a 13% increase in the past 24 hours. Additionally, $36 million in liquidity was reported across decentralized exchanges (DEXs), leading to an upward trend in PEPE, especially if the US Federal Reserve decides to cut interest rates at his FOMC meeting in September. may continue.

If this scenario materializes, PEPE could break through the resistance and aim for $0.000010.

In the short term, PEPE has initial resistance near $0.00009, and technical indicators suggest that further upside potential is limited. Ichimoku Kinko Hyo analysis on the chart shows that PEPE is below the red cloud, indicating that the bearish trend continues.

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