The volume/market cap ratio was 17.60%, representing strong liquidity in PEPE price. Over the daily chart, the PEPE crypto price has witnessed significant profit-taking, resulting in a sharp decline of 55% over the last two and a half months.
This bearish trend has also led to a falling wedge pattern on the daily chart. Furthermore, the pattern suggested that momentum may shift.
Currently trading at $0.00000747, PEPE was pushed higher this week from the demand zone.
The chart suggests PEPE might attempt to advance above$0.00000878, which could act as resistance. However, if buying pressure surges, the meme-coin could break through this level and attain a character change (ChoCh).
Another key area to monitor is the supply zone near$0.00000989, where PEPE has faced multiple rejections before. The next target could be around $0.0000130 if it surpasses this zone.
This bearish trend has also led to a falling wedge pattern on the daily chart. Furthermore, the pattern suggested that momentum may shift.
Currently trading at $0.00000747, PEPE was pushed higher this week from the demand zone.
The chart suggests PEPE might attempt to advance above$0.00000878, which could act as resistance. However, if buying pressure surges, the meme-coin could break through this level and attain a character change (ChoCh).
Another key area to monitor is the supply zone near$0.00000989, where PEPE has faced multiple rejections before. The next target could be around $0.0000130 if it surpasses this zone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.