Overview of price and performance:
PEPE coin has recently seen strong movements in the market, with the current price around $0.00001128 and a daily trading volume ranging between $1.3 and $1.6 billion, and the market cap of the coin ranging between $4.7 and $5.2 billion, making it rank 30 among cryptocurrencies.
The circulating supply is approximately 420 trillion PEPE coins, reflecting significant 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 break of this level could open the way to higher levels, while the price may face difficulty continuing if it cannot break through.
Key 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, thus it is high risk and prone to extreme volatility. Caution is advised when entering large amounts, and do not invest money you cannot afford to lose.
Future outlook:
There is potential for continued upward movement if the current momentum persists, with the possibility of the price reaching $0.000020 if the main resistance is broken, while a temporary correction may occur at any drop below $0.0000105.
Tips for investors:
1. Closely monitor support and resistance levels.
2. Use a stop loss at $0.0000105 to avoid significant risks.
3. Take advantage of any short-term spike by partially selling at $0.0000135 or higher.
4. Follow whale news and Ethereum movements to predict market movements.
