which is based on Ethereum, remains resilient in spite of recent sell-downs. The market capitalization of the token has fallen from $10 billion to $3.84 billion, but the number of holders has increased above 404,100, showing continued enthusiasm for the crypto market.
PEPE is currently at a crucial price point. The estimates from the analysts are that it may rise between $0.08 and $0.11 if it receives support, with a key resistance at $0.21. If PEPE advances beyond this level, then a further move towards $0.41 may be on the cards that will drive a 50x rally in the crypto token.
Whales have been making strategic decisions, contributing to the hype about its next breakout. In spite of these declines, PEPE has a positive momentum, and most investors still hold PEPE tokens.