Coinbase News: PEPE Included in Coin50 Index, Technical Indicators Hint at Rebound

PEPE’s Technical Indicators Signal Hope for Holders

PEPE, a meme coin, has seen a 7% drop in price over the last 24 hours to $0.05, mirroring the broader crypto market’s struggles. Despite Trump’s embrace of crypto, the market has struggled to gain momentum. However, PEPE’s technical setup suggests an imminent rebound, with Fibonacci levels indicating a path to all-time highs for patient holders. Additionally, PEPE has been included in Coinbase’s elite Coin50 Index, distinguishing it from other memecoins accused of manipulation.

Coinbase a Buying Opportunity After Three-Week 30% Plunge: Rosenblatt

Coinbase (COIN) shares have declined by about 30% since mid-February and 40% since hitting a 52-week high in early December. Investment firm Rosenblatt sees an opportunity, recommending investors buy the dip as the exchange is poised to benefit from the Trump administration’s pro-crypto stance. Rosenblatt analyst Chris Brendler initiated coverage of the crypto exchange with a buy rating and $305 price target, citing COIN’s status as a clear blue chip in the sector and its ability to navigate both bull and bear markets.