Over the past year, the market capitalization of Memecoin has decreased by 48%, with PEPE performing particularly weakly. It is currently testing a local low around $0.00000336. Due to Bitcoin falling below $70,000 and the high level of short liquidations, PEPE's price movement is closely correlated with Bitcoin's trend. Traders are advised to stay on the sidelines, as a potential short squeeze may occur, but if Bitcoin tests the support zone between $63,000 and $65,000, PEPE could further decline.

PEPE-4.63%
BTC-1.47%
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