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The price of PEPE experienced a bullish swing, but subsequently plummeted by 11% in the last 24 hours, with a market capitalization of over $2.2 billion.
Despite the challenges, some bullish indicators, such as the Chaikin Money Flow (CMF) and the On Balance Volume (OBV), suggest the possibility of a bullish rally, while it's important to monitor the support at $0.000006. At the same time, large Shiba Inu whale holders accumulated a massive amount of tokens in just 24 hours, but also unloaded a significant portion, indicating potential future instability.
Lastly, Billy Markus, co-founder of Dogecoin, ironically commented on the cryptocurrency market's volatility during a recent price downturn, highlighting investors' exaggerated reactions.
For you, What is the impact of price fluctuations in cryptocurrencies like PEPE and whale activities in Shiba Inu on the overall cryptocurrency market trends and investor sentiment ❓
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