$2B Trading Revenue – Could It Reach $1?
Following yesterday’s pullback, the price of Pepe has fallen 1% to $0.00002038, while the cryptocurrency market has seen a 1% decline over the past 24 hours.
Despite this decline, PEPE has seen a 12.5% gain over the past week and 27% in the previous two weeks, following Elon Musk’s support earlier this week.
PEPE has fallen 27% from its all-time high of $0.00002803, but the long-term outlook for its price looks positive, which could lead to a significant recovery in the coming weeks.
If today’s chart is accurate, PEPE is on an upward trajectory.
The 30-period moving average (orange) has crossed above the 200-period moving average (blue) in the past hour, indicating increasing momentum.
The “golden cross” usually indicates a potential breakout, and PEPE is expected to see a good recovery after a difficult 30 days.
The RSI (purple) is also consistently above 50 today, indicating a positive phase in the short term.
Its trading volume has also improved, rising from $1.2 billion to nearly $2 billion in recent days, indicating increased demand. Other experts have pointed out that PEPE...