## Overall Trend
The PEPE chart on the four-hour frame shows a clear upward trend over the past week, as the price rose from levels of 0.00000990 to above 0.00001360, recording an increase of nearly 37%.
## Key Support Levels
- **Support Level 1**: 0.00001310 (Recent Fluctuation Area)
- **Support Level 2**: 0.00001220 (Previous Retracement Level)
- **Support Level 3**: 0.00001100 (Strong Accumulation Area)
## Resistance Levels
- **Resistance Level 1**: 0.00001380 (The current level it is trying to break above)
- **Resistance Level 2**: 0.00001410 (Previous Peak)
- **Resistance Level 3**: 0.00001450 (Psychological Level)
## Trading Volume Analysis
A noticeable increase in trading volumes is observed during the recent upward wave, supporting the strength of the bullish trend. Trading volume rose significantly during the period from July 10 to 12, indicating the entry of new investors.
## Influential Events
The rise of the currency coincided with surpassing 463,000 holders, reflecting increased interest from retail investors. Additionally, the overall increase in the cryptocurrency market with Bitcoin reaching record levels above $120,000 has supported the performance of meme coins in general.
## Conclusion
The overall trend for PEPE coin is bullish in the short term, with the potential for positive momentum to continue as long as the price remains above the support level of 0.00001310. The ability of the coin to break through the resistance level of 0.00001380 should be monitored to confirm the continuation of the bullish trend towards higher levels.
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