$PEPE price prediction: Here’s a trading opportunity that you shouldn’t miss - AMBCrypto Analytics

Pepe [PEPE] was in a consolidation phase over the past twelve days. It has traded above the $0.00001129 support level but was unable to advance past the $0.000014 resistance.

A recent analysis of the meme coin revealed that a majority of the holders were in profit.

Analysis of the liquidation levels showed that traders can expect a price move upward in the coming days, provided Bitcoin [BTC] does not initiate a short-term downtrend.

On the 12-hour chart, the RSI has slowly trended downward since the 15th of July. At press time, it was at 50.47, showing momentum was neutral.

The CMF has been below +0.05 since the 25th of July, showing that capital flows were not significantly bullish.

Together they highlighted PEPE’s consolidation over the past two weeks. The $0.0000113 and $0.0000127 levels marked the extremes of a short-term range.

With declining trade volume, PEPE did not yet show signs of a breakout.