Pepe (PEPE) Pepe lost nearly 14% a week and claimed the third most underperformer crypto of this week. PEPE/USD chart showcases a falling wedge formation over the daily chart. At the time of writing, Pepe was trading close to $0.0000074 recording a swift 0.04% gain in intraday.
Pepe is a memecoin created as a tribute to Pepe the frog internet meme. It has a deflationary memecoin which was launched on Ethereum. Behind Dogecoin and Shiba Inu, it ranks as the 3rd largest memecoin cryptocurrency with a live market cap of $3.13 Billion.
As of now, Pepe seems to be in a consolidation near the demand zone and the loser boundary of the falling wedge pattern. On the higher side, if Pepe surpasses $0.0000087, it may rise till the $0.0000109.
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