PEPE Continues Dropping After Recent Crash – Are There Better Days Ahead?

The first week of August was not a pleasant one for both the crypto and the stock market. Both markets saw huge price decreases and liquidations, with billions getting erased in a matter of hours.

The recent financial market crash was caused by turmoil in Japan’s stock market and its currency that spilled over into many leading stock exchanges and the global crypto market. Luckily, the markets bounced back fairly quickly, but PEPE is lagging behind, leaving investors to question its relevance and worth. While PEPE is still dropping, a new memecoin project has captured the attention of many.

The first week of August was not a pleasant one for both the crypto and the stock market. Both markets saw huge price decreases and liquidations, with billions getting erased in a matter of hours.

Luckily, the crash was short-lived as the start of the second week of August saw many stocks and coins bouncing back. While the majority of the crypto market rebounded, PEPE has been stalling, falling by over 30% in just 7 days. Even though it started to make back what it lost for a moment, it quickly continued on its downward trend and has yet to stop.

The bright side is that PEPE still has a huge market presence, so there’s still some hope for the coin. However, as newer and more interesting players emerge on the market, PEPE might not be strong enough to hold on.

Now, PEPE is hovering near its key resistance levels and has entered a consolidation phase. And since it is consolidating in the red, there might be more downturns to come for the token.

According to @docXBT, a crypto expert and analyst, the consolation that we’re currently seeing with PEPE could potentially lead to a breakout for the token. In his tweet on August 7, the expert showed that he anticipated a further downward trend for the coin before an imminent breakout.

If we look at his chart, he outlines the possibility of PEPE reaching its 2023 ATH before it rallies again, and he even states that PEPE could flip SHIB in the months to come. Other crypto experts like @MichaelXBT agree with the thought that PEPE needs to consolidate longer to break out, but whether it will flip SHIB remains to be seen.

At the moment, PEPE has an RSI that shows it is oversold, which should be a good sign for the token. However, PEPE’s MACD is still bearish and signals that there’s still intense selling pressure for the coin. Thus, with somewhat opposing signs, traders are waiting to see how PEPE moves in the coming weeks to draw their longer-term expectations.

With so much uncertainty and volatility, the upcoming days are crucial for the future of PEPE. If PEPE continues to trade in the red, crypto experts say that further price decreases are in store for the token, and vice versa. So, they recommend caution and patience.

But while PEPE investors and traders need to be cautious with their PEPE holdings and plans, a new memecoin project offers the exact opposite – unprecedented growth and stability. Let’s learn more about this newcomer!

If you want proof of how volatile the crypto market is and how quickly things can change, take a look at Rebel Satoshi’s RECQ token. While PEPE and other, more established memecoins are struggling right now, RECQ, a new player that hasn’t even launched yet, is raking in more and more presale investors as we speak.

Even during the bear market conditions we saw, the inflow of capital into RECQ hasn’t stopped, which is why numerous crypto experts believe that not only is RECQ the most promising new memecoin on the market, but it is also an extremely safe bet at these times.

What sets this coin apart is that it’s not just a memecoin, but it also has ambitious goals that go beyond profits and gains!

Lucrative investing opportunities and profitability are two benefits that come right off the bat with Rebel Satoshi. However, that’s not even the beginning!

Rebel Satoshi is much more than a simple memecoin you can make huge gains with, as it offers a sea of benefits to RECQ holders:

* A decentralized community that is open and inclusive. Everyone has a say in the future of the project, and everyone’s contributions are valued.

* A strong focus on education and spreading awareness about cryptocurrencies and decentralized technologies. Rebel Satoshi wants everyone to be able to make informed decisions about their finances.

* A passion for creating a positive and fun environment where everyone can feel at home. Whether you’re a crypto veteran or just starting out, you’re sure to find your place in the Rebel Satoshi community.

* A commitment to making a difference in the world. A portion of all profits generated by Rebel Satoshi will be donated to charity.

At the moment, you can buy RECQ tokens for 0.0068, as it is currently in Stage 4 of its public presale. So far, over 590 million RECQ tokens have been sold, and the token has appreciated by

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