A popular crypto trader said the plunging meme coin could witness a significant drop after breaking through a major support level.
Crypto analyst Ali Martinez To tell 57,700 followers on social media platform
“Note that the daily closing price falls outside the range of $0.00000793 to $0.00000664. This could lead to a 54% increase in PEPE.”
As of this writing, PEPE is trading at $0.0000058, well below the analyst support level of $0.00000664. A 54% correction in support of Mr. Martinez could send PEPE down to $0.000003.
Meme assets continued to slump as Coinbase International Exchange additional support PEPE Perpetual Futures on Thursday. The international arm of the top US cryptocurrency exchange first received permission to offer perpetual digital asset futures to investors outside the US last September.
In addition to Pepe, Coinbase International Exchange also recently roll out WorldCoin (WLD), Sam Altman's controversial identity-focused digital asset project, and a crypto project that aims to introduce non-fungible token (NFT) functionality to the Bitcoin (BTC) blockchain. Perpetual futures support for one ORDI (ORDI).
According to CoinGecko, Pepe hit an all-time high of $0.00001064 on March 14th.
Let's move on to the story of cryptocurrency king Martinez. Note If BTC jumps to $71,700, $23 million could be liquidated from Binance, the world's largest cryptocurrency exchange platform.
At the time of writing, Bitcoin was trading at $67,045, down nearly 6% in the past 24 hours.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me twitterFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
