๐ฃ๐๐ฃ๐ ๐๐ผ๐ถ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ! ๐
$PEPE /USDT is trading at $0.00001242 on Binance, reflecting a 1.58% daily decrease with a 24-hour range between $0.00001296 and $0.00001214! ๐ The 1-day chart shows a recent 1.31% uptick, with PEPE rebounding from mid-May lows near $0.00001150, where it found support. Trading volume remains robust at 215.43M USDT and 17.1T PEPE, while the Volume SMA at 2.824T indicates consistent market activity, suggesting a volatile yet active trading environment. ๐น
**Technical Insights**
The candlestick pattern reveals a mix of green and red bars, with PEPE recently peaking at $0.00001296 before a slight pullback. Key support is forming around $0.00001200, aligning with the 24-hour low, while resistance at $0.00001300โa psychological level from early Juneโcould be tested if buying pressure resumes. ๐ช The Relative Strength Index (RSI) is hovering around 50, indicating neutral momentum with potential for either a bounce or further correction. A break below $0.00001200 might push PEPE toward $0.00001150, while a move above $0.00001300 could target $0.00001400, a previous high from late May. ๐
**Market Sentiment**
PEPE, a popular meme coin on the Ethereum blockchain, continues to draw attention due to its community-driven hype. Recent posts on X show mixed sentiment, with some users betting on a recovery fueled by meme coin trends and social media buzz, while others warn of volatility given the broader marketโs consolidationโBitcoin at $109,682.10 and Ethereum at $2,570.20. ๐ก The high trading volume and recent uptick suggest short-term accumulation, but the 1.58% daily drop could indicate profit-taking or fading momentum. On June 4, 2025, traders should monitor the $0.00001200 support levelโif it holds, a rebound toward $0.00001300 is possible; if breached, further downside to $0.00001150 may follow. โ ๏ธ
