How can PEPE traders take advantage of conflicting momentum signals?
Photo: AMBCrypto
At the time of writing, PEPE was down 2.50% in the last 24 hours, its performance noticeably worse than other leading memecoins. For its part, Dogecoin [DOGE] was down by only 0.94%, while Shiba Inu [SHIB] gained by 1.13%. And yet, the memecoin has rallied by 7.42% over the past week. In fact, Glassnode data also showed that the memecoin sector, as a whole, has shed 3.1% of its value over the past week, less than BTC's 4.4% or ETH's 5.9%. Does PEPE have a longer-term bullish bias, and should swing traders and investors be looking to buy?
Source: AMBCrypto
