PEPE Experiences a Resurgence as It Reaches the $0.0000012500 High

PEPE Is in a Price Range as It Reaches the $0.0000012500 High – July 9, 2023

PEPE/USD is trading sideways as buyers try to keep the price above the $0.0000012500 high. The upward movement has been stifled by overhead resistance over the past three months. The cryptocurrency asset is restricted to a range of $0.0000010000 to $0.0000018000. Since May 4, PEPE has been reasonably stable.

Pepe Price Statistics Data:
•Pepe price now – $0.000001238
•Pepe market cap – $485.07M
•Pepe circulating supply – 391.79T PEPE
•Pepe total supply – $521.17M
•Pepe Coinmarketcap ranking – #76

Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000
Support Levels: $0.0000011000, $0.0000010000, $0.0000009000

Since May 4, the cryptocurrency asset has been trading in a price range of $0.0000010000 to $0.0000018000. Buyers have made three failed attempts to re-establish the bullish trend above the overhead resistance. Sellers, on the other hand, attempted to drop the altcoin below present support twice.

On August 7, the altcoin fell to a low of $0.0000010623 as bulls purchased the dips. PEPE has been rising over the last 48 hours, reaching a high of $0.0000012074. If PEPE breaks above the moving average lines, it will retest the overhead resistance at the $0.0000012500 high. Nonetheless, if the overhead resistance is breached, PEPE can resume its upward trend.

A breakout would propel PEPE/USD to a high of $0.0000028000. Meanwhile, PEPE remains in the bearish trend zone on the Relative Strength Index for period 14 at level 41.

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Following the previous dip, the crypto asset is correcting upward. PEPE has risen to a high of $0.0000012500, but the upward impetus has stalled. Buyers have been struggling below the resistance for the past 48 hours in order to resume the positive trend. If buyers overcome the initial resistance level, the price of PEPE will rise.

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