Will PEPE coin reach $0.000015 this week?
Pepe (PEPE) has surged by 4.84% in the last 24 hours, outpacing the average meme coin gain of 3.66%. However, a potential bearish reversal may be imminent, raising the question of whether to sell.
Pepe is showing resilience, rising 2.44% since last Monday and 5.12% in the past month. However, trader interest weakened, and 24-hour trading volume fell 23.48% to 508.7 million, indicating that the market was calm.
Pepe price indicators and market sentiment
After 12 days of consolidation, PEPE may be ready to break out, and then a bearish reversal will occur. The price is fluctuating between the strong support level of $0.000127 and the resistance level of $0.0000113. Chaikin Capital Flow (CMF) has increased to +11.0, indicating bullish momentum, and the Relative Strong and Weak Index (RSI) has increased from 40 to 60.
The dense opening area between $0.000014 and $0.0000148 suggests that this level may be washed out. The goal of the short position is to fall to $0.00007 - $0.0000076, indicating that there may be a short squeeze, which could push the price as high as $0.000014 before a bearish reversal occurs. However, considering Bitcoin's recent decline, a major breakthrough seems unlikely.
The emergence of a new meme: Pepe Unchained
As traders consider holding PEPE, meme patterns develop with new opportunities such as Pepe Unchained ($PEPU). Pepe Unchained runs on its own Layer 2 chain, providing lower fees and 100 times faster transaction speeds.
Pepe Unchained raised nearly $6 million in pre-sales, and its transparency and audits strengthen investor confidence. The pre-sale price is $0.0082596, and early investors can enjoy an impressive 312% APY
