Current trend of the price $PEPE
By reviewing the K-L data for the PEPE currency in recent hours, we notice that the price is moving within a narrow range with no strong upward or downward movement. The last recorded price is $0.00001312, which is close to previous closing levels.
- Highest level: 0.00001312
- Lowest level: 0.00001302
- Trading volume: 1,830,575,738 USDT (at 21:00)
The price action shows a state of caution and overbought conditions, which may indicate the likelihood of a correction or accumulation before any major movement.
Factors affecting the price $PEPE
1. Increase in the number of owners: According to news, the number of PEPE currency holders has exceeded 463,000, which is a positive indicator of increasing interest from individual investors.
2. General movement of memecoins: Memecoins generally operate within a cycle that changes rapidly based on overall market sentiment, and recently this category has begun to recover within the Ethereum ecosystem.
3. Absence of negative news: There is currently no negative news impacting the currency, allowing for the opportunity for continued buying pressure if any new positive signals emerge.
Summary and near-term expectations
- Pivot level: If the price of $PEPE can break through the level of 0.00001330, it may open the way for an attempt to reach 0.00001350 or higher.
- Negative scenario: If the price drops below 0.00001290, it may start to form a new downward pattern, pressing on the next support at 0.00001275.
Advice: It is preferable to wait to observe any clear movement above or below key levels before taking a buying or selling position.
The above information has been researched and summarized through personal effort, and does not constitute investment advice.
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