PEPE, Shiba Inu Breaks Out...but in the Wrong Direction
Massive corrections have unfolded in the digital asset market over the past few hours. Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) have all registered significant falls, indicating a collective collapse. PEPE , the most memeable memecoin which registered a whopping 1000x returns over the past few days, has been handed a bit of reality. The asset has dropped by a massive 48% over the past 3 hours, after peaking beforehand. The current market continues to bleed and for the ‘vaporware’ project, the downtrend might continue to pile on, and as any investors flocking in, will be flocking out just as quickly. Source: PEPE/USD on DexTools Dogecoin (DOGE ), the original memecoin, has fallen 5.8% in the hourly charts, and by 6.2% in the last 24 hours. According to CoinGlass, $5.93 million worth of DOGE was liquidated in 4 hours. DOGE could find support at around $0.08104, with resistance at $0.09421. THe current fall is the most significant drop for Dogecoin (DOGE) since April 6. ...