What’s Going On With Binance’s PEPE Today? 🐸💹
Here’s a snapshot of today’s action around Pepe Coin:
Current Price:$PEPE
is trading at $0.00009816, with a 24-hour trading volume of $714.22 million. It’s down 3.60% over the last day.
Market Cap: Valued at around $4.13 billion, PEPE currently ranks #3 among meme coins.
Price Movement: The token has dropped 7% in 24 hours and 8% over the past week, but it’s still up 1,600% over the past year.
🛑 Supply Pressure:
There’s a heavy supply zone creating potential risk — more than 140 trillion PEPE has been in profit for weeks, and another 21 trillion is nearing profit territory. This could trigger a wave of selling.
🐳 Whale Behavior:
Despite the risks, large holders (whales) are accumulating more PEPE, signaling confidence in future gains.
📈 Technical Outlook:
Charts suggest PEPE may have hit a short-term bottom. Both the RSI and moving averages hint at a possible rebound ahead.
🔍 Things to Watch:
Key Resistance: Analysts are eyeing the $0.000024 resistance level as a near-term test.
Bullish Outlook: With a possible year-end market rally, PEPE could be among the standout performers.
Exchange Listings: Past listings on platforms like Coinbase and Robinhood have boosted the price. Additional listings may offer further upside.
⚠️ Final Thought:
PEPE, like many meme coins, is highly volatile and speculative. Always do your own research and trade with caution.
$PEPE 🔥