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- 1 The PEPE memecoin price displayed an uptrend and is holding gains near the 50-day EMA mark.
- 2 Buyers are looking aggressive and are eyeing to cross the $0.00000900 mark.
The PEPE token price signifies an uptrend and decisively holds gains near the 50-day EMA support zone. This month, the price action showcases the range-bound moves and hovers near the primary support zone of $0.00000600. The trend is bullish, and a bullish flag pattern was spotted on the charts. Moreover, the token may continue to spread the bullish waves and will soon surpass the prompt 52-week high zone of $0.0000100.
At press time, the PEPE token (PEPE) price was trading at $0.00000668 with an intraday gain of 1.65%, reflecting neutrality on the charts. It has a monthly return ratio of -6.67% and 240.89% on a yearly basis. The pair of PEPE/BTC is at 0.000153 BTC, and the market cap is $2.80 Billion. Analysts are neutral and suggest that the PEPE price may continue to outperform and will cross the upside of $$0.00000900 mark.
PEPE Price-to-Volume Profile Reveal Bullishness
The PEPE token price showcased an uptrend and decisively held the gains near the 50-day EMA mark. The token has delivered consolidating moves and is attempting to cross the prompt hurdle of $0.00000800 to resume the buying momentum. The intraday trading volume dropped over 38.26% to $469.08 million, signifying a drop in investors’ interest.
Price Volatility and Weighted Sentiment Data Looks Neutral
Following the price consolidation, the price volatility data signifies a decrease, and the value drops over 22% to 0.013. However, the weighted sentiment replicated a bounce over 36% and retained the positive region near the 0.532 mark, which implies a positive outlook.
Social Dominance and Twitter Followers Outlook
The data indicates average movements in the social dominance data, and the value remained close to the midline region, noted around 0.902%, replicating a positive outlook. However, the Twitter followers signified a drop of over 120%, dragging to 12k.
What Does Active Addresses and Amount of Holders Data Indicate?
Per the data, the active addresses kept decreasing slowly & steadily and dropped to 19.4k. In contrast, the number of holders depicts a consistent up move, reaching the 199k mark and signifying a positive outlook.
Per the Fib levels, the PEPE token price has sustained gains above the 50% zone and is trading near the upper Bollinger band, and the price is close to the resistance mark of $0.00000750. The RSI curve stayed in the overbought region and reflected a convergence of the signal line with the RSI line on the charts.
The total supply of the PEPE token is 420.69 trillion, whereas the volume-to-market cap ratio is 0.167, and it stands at 44 per the market cap in the global crypto market.
Summary
The PEPE token price has decisively held the gains near the 50-day EMA mark close to the $0.000006500 level. Amidst the market reversal, the token could not lose gains and is poised to outperform. The token will resume delivering bullish waves and may soon cross the 52-week high zone above $0.0000100.
Technical Levels
Support Levels: $0.00000620 and $0.00000570
Resistance Levels: $0.00000750 and $0.00000850
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
