Pepe coin is again ready for a big rally and the breakout is there on the charts.
Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it’s advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
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Pepe Coin Price Analysis
- Current Price: $0.000012
- Market Cap: Approximately $4.5 billion
- 24-hour Trading Volume: $1.5 billion
- Circulating Supply: 380 trillion PEPE tokens
- Total Supply: 420 trillion PEPE tokens
PEPE’s price has shown a slight recovery recently, rising about 25% from its lowest point this month.
Trends are mixed but price is in a Long-Term Uptrend as it trades above its 200-day moving average. Price bounced off of $0.0000078 support and broke back above $0.0000091 and $0.0000113 resistance, and could revisit $0.000013 next. Stop Loss at $0.0000010.
RSI is still far from overbought (under 70), which suggests there’s still room for price to surge higher.
Weekly Price Analysis
Over the past week, PEPE experienced significant volatility:
- Weekly High: $0.000014
- Weekly Low: $0.000009
- Percentage Change: +33%
Trend: Short-term trend is Up, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum:Â Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.0000078, then $0.000006.
News Roundup
- Whale Activity: Large holders of PEPE, or “whales,” have continued to accumulate tokens, suggesting confidence in the token’s long-term potential.
- Comparative Performance: PEPE outperformed several other meme coins like Shiba Inu and Floki in recent trading sessions.
Indicators
- RSI (Relative Strength Index): Currently at 55, indicating a neutral market condition .
- MACD (Moving Average Convergence Divergence): Shows a bullish crossover.
- Long term Support Levels: $0.000010
- Long term Resistance Levels: $0.000014
This comprehensive analysis aims to provide a clear understanding of PEPE’s current standing and future potential in the crypto market.
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