Over the past month, Pepe registered a huge gain following a fantastic rally that took the price to the moon. It later cooled off last week and resumed positive actions this week with an 80% increase in the last three days.
Pepe’s price exploded massively after three weeks of its launch into the market which was mostly triggered by several listing on exchanges that took place during that period.
After hitting an all-time high (ATH) of $0.0000045 earlier this month, the meme coin halted its rally and went through a correction that brought the price to the low of $0.000001 this week.
It took off that low-level yesterday and increased steadily to the high of $0.000002, returning roughly 100% within two days. That high was rejected today with a slight retracement to where it changes hand at $0.00000186.
This week’s returns show how much the buyers have anticipated stepping back into the market. If they continue to react to price actions like this for the next few days, Pepe is expected to tap more gains with a potential rally above the current ATH. However, a pull below the weekly low could set a more correctional tone for Pepe.
At the time of writing, the frog-inspired meme coin remains the top-gainer of the market with a 23% gain in the last 24 hours. Despite the recent corrections, the price is still up by almost 1000% – making it the best performer amongst the meme coin in the past month.
Pepe’s Key Levels To Watch
If the bulls react to the current retracement, we may see an upward movement towards the $0.000002 and $0.0000023 resistance levels. The levels to watch above them are $0.00000266 and $0.000003.
For more bearish actions, the $0.00000148 and $0.00000133 support levels are considered the closest area for a retest. The $0.000001 support remains a key level for more breakdown.
Key Resistance Levels: $0.00000206, $0.0000023, $0.00000266
Key Support Levels: $0.000001482, $0.00000133, $0.000001
- Spot Price: $0.00000186
- Trend: Bullish
- Volatility: Moderate
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
