PEPE is currently trading at $0.0000124, reflecting a 1.3% decline over the past 24 hours.
Despite the recent dip, PEPE has shown resilience, bouncing back from a support level of $0.00001107 on May 31. This rebound was accompanied by a surge in trading volume, indicating renewed interest from investors.
Technical indicators suggest a cautiously optimistic outlook:
Golden Cross Formation: The 50-day moving average has crossed above the 200-day moving average, a bullish signal that often precedes upward price movements.
Resistance Levels: PEPE faces immediate resistance around $0.00001275. A decisive break above this level could pave the way toward the $0.000015â$0.000016 target zone.
Smart Money Inflows: Data indicates that significant investors have accumulated over 642 billion PEPE tokens in the past month, signaling confidence in the token's potential.
However, caution is advised. If PEPE fails to maintain support above $0.00001220, it could retest lower levels around $0.00001100.
Stay informed and monitor market trends closely. As always, conduct thorough research before making investment decisions.