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- 1 Pepe is trading at $0.0000017 while seeing a sharp 35.84% fall in the 24-hour trading volume (press time).
- 2 Pepe price recorded a 10.28% increase in the last 7 days.
Pepe price prediction suggests that the Pepe token is projecting an illusion on the daily timeframe. RSI divergence was observed on the daily chart where the price is making a higher high and low pattern. The RSI line is making a lower high and lower low pattern. Investors may prefer to keep a keen watch over the price action as the RSI line suggests that demand for pepe coin may decrease in the market in the near future.
Observing the historical price action, it can be estimated that price action and oscillators are projecting contrasting views. Presently, the price of PEPE is moving near its immediate resistance zone. According to multiple indicators, the price is presently facing resistance from its immediate resistance level whereas the sellers may attempt to overthrow the bulls from price action. However, the LunarCrush platform presents a contrasting view.
The present value of Pepe is $0.0000017 and it has a market capitalization of around $669.82 Million (press time).
Exegravent Rise in Lunar Crush Levels: Pepe Token
Lunar crush levels are indicating that Pepe is getting significant media attention in the community. The majority of the metrics in the platform are flaring in green at present.
The total bullish sentiment metric has increased by 301%, and a sharp rise of 239.4% is also apparent in the total social engagement level despite the decline in 24h volume.
Significant Hike in Greed Sentiment of Investors
Investors’ views concerning the overall cryptocurrency market are presently in the greed zone. The current value of the sentiment index is 56 points and is seeing a 4-point fall within a short period as per the Alternative(dot)me platform.
Pepe Price Prediction: Technical Analysis on Daily Timeframe
The relative strength index (RSI) line is taking a divergence from the price action. The present value of the RSI is 56.44 points and the value of the 14-day SMA is 54.90 points.
At present, the stochastic RSI is advancing toward the supply zone. The stochastic RSI is moving near 49.17 points. The %K line is hovering over the median line whereas the %D is under it.
Conclusion
As per the PEPE coin analysis, it can be estimated that price action and oscillators are projecting contrasting views. The lunar crush levels suggest that the community is optimistic regarding Pepe across social media platforms. The price may decline in the near future.
Technical Levels:
Support – $0.0000015
Resistance – $0.0000020
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
