Pepe Price Soars 11%

The Pepe price has soared more than 11% over the past 7 days following a 2% drop in the past 24 hours to trade at $0.00001268 as of 12:00 a.m. EST.

Despite the positive weekly performance, the PEPE price is still deeply in the red zone over the past month with a 20% slump. The Pepe price entered a consolidation phase between $0.00001179 and $0.00001364 over the past 24 hours. This period of sideways trading might be the precursor to a big move.

If bulls decide to pick up PEPE and push its price higher, they could attempt to flip the $0.00001364 resistance level into support. Thereafter, the meme coin might have the technical foundation needed to keep rising in the following couple of days. With enough buy pressure, the Pepe price could climb to as high as $0.00001550.

On the other hand, PEPE falling below the immediate support at $0.00001179 in the next 12 hours might invalidate the bullish thesis. In this alternative scenario, the meme coin stands the risk of plunging to the subsequent mark at $0.00000975 in the following 48 hours.

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