#PEPE : Is $0.0000131 on the cards for the memecoin?Over the past week, Pepe [PEPE] has experienced a sharp decline, dipping by 3.47%. Prior to this, PEPE had been on an upward trajectory, surging by 37.43% on monthly charts.
Since hitting $0.0000119, PEPE has struggled to maintain an upward momentum. On weekly charts, the memecoin has been trading sideways, signaling a breakout.
In fact, as of this writing, PEPE was trading at $0.000009705. This marked a 2.21% increase over the past day. Also, the memecoin’s market cap has increased by 1.90% to $4.09 billion over the same period.
As such, the current price movements and overall gains conveyed optimism for the memecoin. Thus, the decline on
According to AMBCrypto’s analysis, PEPE is retesting a key resistance at $0.00001. As such, the memecoin faced multiple rejections at this level, and the current market condition could set the memecoin for a price surge.
