One of the newest meme coins, Pepe is gaining traction with so much buying volume and volatility for some days now. So far, its price exploded with a staggering 700% gain in just two weeks.
The latest-trending cryptocurrency, Pepe has emerged as the best-performing meme coin with an impressive 100% profits over the last 24 hours. This alone makes it reach a three-week peak of $0.000001778 at the time of writing.
As one of the fast-growing meme coins over the past two weeks, it has generated a lot of hype and controversies that attracted many whales and investors recently.
Due to the heavy buying pressure, the market cap has floated a whopping $748 million since its launch into the market around mid-April. It is witnessing a heavy demand right now. And as a result of that, the cryptocurrency could chart more gains in the next few days.
Although the hype and sentiments behind the surge in volatility might fade off soon. However, this short period of rally seems to have produced a massive profit for the buyers.
Pepe currently looks overstretched on the hourly chart but the price is still surging with no signs of exhaustion at the time of writing. The fear of missing out (FOMO) seems to be taking place among retail traders.
Aside from that, the trend is strongly looking bullish across major timeframes. It is important to pay close attention to the current price actions as it enters an overbought zone. A potential dump might just be around the corner.
Pepe’s Key Levels To Watch
Pepe has managed to hold the $0.000001482 level as support for some hours now. Failure to keep holding that level may result in a retracement to $0.000001279 and perhaps $0.00000109. The $0.0000085 remains a key level to watch breakdown.
The level considered as resistance in the next leg-up is the $0.0000020 level. It may even reach the $0.0000024 level and $0.0000026 in case of more positive actions. As of now, trading is a bit calm as a big rally lies ahead.
Key Resistance Levels: $0.0000020, $0.0000024, $0.0000026
Key Support Levels: $0.000001482, $0.000001279, $0.00000109
- Spot Price: $0.00000177
- Trend: Strongly Bullish
- Volatility: High
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