SNEAK PEEK
- Pepe price analysis shows a bullish market sentiment.
- Trading volume and market capitalization have been increasing steadily.
- Support level for PEPE is at $0.0000009764 while the resistance level is at $0.000001257.
The latest Pepe price analysis shows a bullish market sentiment. The prices of PEPE decreased significantly for the past 1 month, but have since recovered recently gaining by over 11% today, reaching a high of $0.00000112 in the past 24 hours. This increase has been fueled by strong buying pressure on PEPE, showing that bulls are dominating the market and pushing the prices higher.
Massive whale transactions have been seen over the past few days, with trading volume and market capitalization increasing steadily. The whales are accumulating PEPE tokens in large amounts to capitalize on the current bull run. This indicates that investors are looking more and more into PEPE as they believe in its potential.
The current support level for PEPE is at $0.0000009764 and the resistance level is at $0.000001257. If the bulls continue to dominate, it is highly likely that PEPE will break past this resistance level and keep rising in the near future. However, in case of a price pullback, the support level is likely to hold the prices.
The market capitalization of PEPE currently stands at $439 million USD showing an increase of 11.39 percent, making it one of the top 100 cryptocurrencies in market capitalization. The trading volume has seen a massive rise over the past 1 day and now stands at $282 million USD, showing an increase of almost 32 percent.
On the daily chart, PEPE shows a price recovery after a steep bearish correction. The bulls seem to be gaining more and more momentum as buyers rush to buy PEPE tokens. The price action also suggests that the current bullish trend could continue in the near future.
On the technical indicators, the MACD is in a bullish retracement while the RSI is trending at around 40 levels. The Moving Average Convergence Divergence is showing bullish signals as it reaches toward a positive value with the red bars declining on the histogram.
The Relative Strength Index is expected to rise to the neutral region of 50 levels in the coming days if the current trend continues. The Bollinger bands are also showing a bullish squeeze. The upper band is expected to shift upwards from the current $0.0000017303 region as the buying pressure increases.
Overall, the Pepe Coin price analysis reveals a bullish market sentiment with strong buying pressure driving prices higher. Despite a few pullbacks, the bulls remain in control and are likely to keep driving prices higher in the near future. The technical indicators support this trend and suggest that PEPE could continue to gain momentum in the upcoming days.
Disclaimer: Cryptocurrency price is highly speculative and volatile and should not be considered financial advice. Past and current performance is not indicative of future results. Always research and consult with a financial advisor before making investment decisions
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- Source: https://investorbites.com/pepe-coin-price-analysis-07-06/
