The increase in Bitcoin (BTC) dominance increased the selling pressure in Pepe (PEPE), triggering a sharp decline.
Altcoins, which experienced a serious crush as BTC dominance increased to over 54 percent, reached even lower levels with BTC’s withdrawal. BTC, which has been rising hand in hand with dominance since $ 30,000, has created more selling pressure in some altcoins. PEPE was one of these altcoins. PEPE, the popular name of Memecoins, fell 14.72 percent in the last 24 hours and topped the “Top Losers” list.
The decline may deepen: Watch out for these elements!
Altcoins that cannot keep up with the rapid rise of BTC may throw sharp downward candles from time to time. Especially the rapid rise of BTC dominance has pushed altcoins into a critical period. PEPE, which recorded a decrease of nearly 15 percent in the last 24 hours, was one of the clearest examples of this process.
As of the writing of the news, PEPE, which found buyers at $ 0.00000147, will rise to $ 0.00000133 – 0.00000128 – 0.00000120 – 0.00000104 and finally $ 0.00000095 if the dominance increases, BTC withdraws or memecoins remain in the background. may experience a decrease of up to In case of a large breakout of $0.00000170, there may be an attack on $0.00000189 and $0.00000207, respectively.
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