The current situation shows that the price of the coin is currently trading near $0.0000106 with a daily trading volume exceeding $500 million, indicating that liquidity is still strong.
Important levels
The first support at $0.0000105 is a potential buying area if the price holds, and the second support at $0.0000093, if broken, opens the door for a deeper drop. The first resistance at $0.0000122 may attract new liquidity, and the second resistance at $0.0000155 is a potential target if the rise continues.
Technical indicators:
The Relative Strength Index (RSI) is close to 44, indicating that the market is in a neutral zone. The MACD indicator is slightly weakening but is close to a positive crossover, and the 50-day moving average is very close to the price, indicating that the market is in a hesitation phase.
The most important potential scenarios
If it breaks through $0.0000122 with strong liquidity, we might see a rise towards $0.0000155 – $0.000018. However, if it breaks down below $0.0000105, it may drop to $0.0000093.
In summary, the PEPE coin is still in a volatile state, and its movement heavily depends on the buzz on social media and its community. Any news or trend can quickly change its direction.
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