PEPE clinches 2-month high amid recent rally
Pepe (PEPE) recently clinched a 2-month high following an impressive momentum that picked up two days ago. Amid this bullish run, market participants have leveraged the asset’s recent rally to rake in profits. As the buzz surrounding meme coins declined from late May to early June, PEPE dropped below the $0.000001 psychological support level on June 10 following a discouraging 17.5% intraday loss. The broader market-wide drop that saw BTC plummet below $25,000 contributed to this decline in PEPE’s price. After the drop, PEPE consolidated below $0.000001 until June 17, when it surged to $0.00000105. However, the bears summarily snuffed out the asset’s momentum due to a lack of support from the broader market. You might also like: Miners hop on exchanges as bitcoin price hikes PEPE’s rally picked up on June 20 when support from the market eventually arrived. The asset rallied by over 13%, closing above the $0.000001 mark. A subsequent 28% rally saw PEP...