Overview of Price and Performance:
PEPE has recently experienced strong market movements, with the current price around $0.00001128. The daily trading volume ranges between $1.3 and $1.6 billion, and the market capitalization of the coin is between $4.7 and $5.2 billion, placing it at 30th among cryptocurrencies.
The circulating supply is approximately 420 trillion PEPE coins, reflecting high liquidity but also a reason for extreme volatility.
Technical Analysis:
PEPE is experiencing strong upward momentum after rising by 135% in recent days, driven by whale accumulation and rising Ethereum prices, reflecting increasing interest from investors.
Key Resistances:
Current strongest resistance: $0.0000135
Any breakout of this level may open the way to higher levels, while the price may struggle to continue if it cannot break through.
Fundamental Support:
Current support at $0.0000105, breaking it could temporarily weaken the upward trend.
Risks:
PEPE is considered a meme coin with no actual use, making it high risk and subject to extreme volatility. Caution is advised when entering with large amounts, and do not invest money you cannot afford to lose.
Future Predictions:
There is potential for continued upward movement if the current momentum persists, with a possibility of the price reaching $0.000020 if the major resistance is broken, while temporary correction may occur at any drop below $0.0000105.
Investor Tips:
1. Monitor support and resistance levels closely.
2. Use a stop-loss at $0.0000105 to avoid significant risks.
3. Take advantage of any short-term rise by partially selling at $0.0000135 or higher.
4. Monitor whale news and Ethereum movement to predict market moves.
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