PEPE price could hit a snag at $0.000090, especially if Bitcoin doesn't surge beyond $60k. What's next for the memecoin?
Further recovery prospects beyond $0.00009 depended on Bitcoin’s move.was part of the top memecoins leading the recovery after the recent market carnage. The frog-themed memecoin depreciated by over 40% between late July and the 5th of August.
The Fib retracement tool was placed between May highs and April lows. Based on the tool, the recent dump stopped at 78.6% Fib level.A retest of the overhead resistance at the 61.8% Fib level will effectively cap the recovery gains at 33% from the 78.6% Fib level.
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