A popular crypto trader says that a slumping memecoin could witness a colossal move to the downside after violating a key support level.\u00a0<\/span><\/p>\n Crypto analyst Ali Martinez tells<\/a> his 57,700 followers on the social media platform X that the frog-themed meme asset Pepe (PEPE<\/a>) is \u201cpreparing for its next move\u201d amid its recent price woes.<\/p>\n \u201cWatch out for a daily close outside of the $0.00000793 \u2013 $0.00000664 range, which could lead to a 54% move for PEPE.\u201d<\/em><\/p>\n At time of writing, PEPE is trading for $0.0000058, well below the analyst\u2019s support level at 0.00000664. A 54% correction from the Martinez\u2019s support could take PEPE to as low as $0.000003.\u00a0<\/span><\/p>\n The meme asset\u2019s slump continued as Coinbase International Exchange added support<\/a> for PEPE perpetual futures on Thursday. The top US crypto exchange\u2019s international arm first received the green light<\/a> to offer perpetual digital asset futures to investors outside the United States last September.<\/p>\n In addition to Pepe, Coinbase International Exchange also recently rolled out<\/a> perpetual futures support for Sam Altman\u2019s controversial, identity-focused digital asset project Worldcoin (WLD<\/a>), as well as ORDI (ORDI<\/a>), a crypto project that aims to bring non-fungible token (NFT) capabilities to the Bitcoin (BTC<\/a>) blockchain.<\/p>\n Pepe set its all-time high of $0.00001064 on March 14th, according to CoinGecko<\/a>.<\/p>\n Moving on to the crypto king, Martinez notes<\/a> that if BTC were to jump to $71,700, $23 million could be liquidated from Binance, the world\u2019s largest crypto exchange platform.<\/p>\n Bitcoin is trading for $67,045 at time of writing, a nearly 6% decrease during the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A popular crypto trader says that a slumping memecoin could witness a colossal move to the downside after violating a key support level.\u00a0 Crypto analyst Ali Martinez tells his 57,700 followers on the social media platform X that the frog-themed meme asset Pepe (PEPE) is \u201cpreparing for its next move\u201d amid its recent price woes. […]<\/p>\n","protected":false},"author":2,"featured_media":282850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-282849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=282849"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282849\/revisions"}],"predecessor-version":[{"id":282852,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282849\/revisions\/282852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/282850"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=282849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=282849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=282849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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