Pepe Coin (PEPE) has generated significant attention in the meme coin space due to its unique branding and recent market volatility.
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.
Here’s an overview of its latest performance, price indicators, and reasons why it remains a popular choice among meme coin enthusiasts.
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Pepe Coin Price Analysis
- Latest Price: $0.000012
- Market Cap: $510 million
- 24h Trading Volume: Over $900 million
- Circulating Supply: ~390 trillion PEPE tokens
- Total Supply: 420 trillion PEPE tokens
Price bounced off of $0.0000078 support, back above 200-day moving average, which is bullish. It’s also broken above $0.000010 to signal resumption of Uptrend, with +30% potential upside to $0.000013.
Weekly Price Performance
Over the past week, PEPE has seen a significant increase, outpacing the broader cryptocurrency market with a rise of approximately 48%.
Trend: Short-term trend is Strong Up, Medium-term trend is Neutral, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $0.0000091, then $0.0000078. Nearest Resistance Zone is $0.000013.
Technical Indicators
- Relative Strength Index (RSI): Currently around 64.
- Moving Average (50-Day): Price is above the 50-day average, indicating bullish momentum.
- MACD: Positive trend, signaling potential for continued upward movement.
Recent News & Sentiment
- Growth in Popularity: PEPE continues to gain traction among meme coin enthusiasts, with increasing mentions on social media platforms.
- Exchange Listings: It is widely available on major exchanges, which contributes to its high trading volume.
- Market Outlook: Some analysts predict further price gains, while others caution about volatility due to its meme coin status.
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