based on materials from the site - By CoinoMedia
PEPE has once again attracted the attention of crypto traders, trading near a critical resistance level. The meme coin has not yet broken it, but the chart shows an interesting story hinting at a possible significant movement in the future.
Currently, the price remains squeezed under key resistance at $0.0000135, a level that has attempted to break several times unsuccessfully. Each time the price rose above, it quickly got pushed back, indicating a strong presence of sellers, but also a level that the market certainly respects.
Volume and resistance: rising tension
The increase in trading volume (highlighted in orange) indicates growing interest. However, the spike in volume is still insufficient to confirm a breakout. It seems the market is waiting for a catalyst, possibly from Ethereum (ETH), which often influences meme coins like PEPE.
Three recent wicks that broke the resistance line were quickly pushed back, signaling that while bulls are testing the situation, bears still control it – for now. However, this also confirms that traders are closely monitoring this level, which could mean a surge in momentum if it is finally broken.
If PEPE breaks through and closes above the resistance level of $0.0000135 with strong volume support, it could confirm a bullish breakout. Traders are looking for confirmation in this area. The next potential move could reflect the rise of other altcoins gaining popularity after positive ETH dynamics.
Platforms like BITUNIX promote trading PEPE without KYC restrictions, attracting international traders who value privacy. They also offer incentives such as a $400 deposit bonus and trading rewards up to $9000.
As the market tightens and traders prepare for a potential move, PEPE remains one of the top meme coins to watch in the coming days.
