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Is #Pepe Worth More Than #Dogecoin Now That Its Market Cap Is Over $3 Billion?
With its recent spike, PEPE pricing stands out among meme currencies. It is presently trading at $0.000009 and predictions for its future value are attracting a lot of attention.
Its market value increased to $3.79 billion, putting it 38th worldwide, and its trading volume reached $1.23 billion, both of which are increases of 12.25% over the previous 24 hours.
The market dynamics of $PEPE Coin indicate an optimistic prognosis, drawing the attention of both investors and analysts, as the circulating supply approaches its maximum.
Prediction of the PEPE Price
A bullish situation is presented by PEPE Coin's technical analysis, with the pivot point at $0.0000086 acting as a crucial marker.
The $0.0000094, $0.0000099, and $0.0000105 resistance levels must be overcome for PEPE to continue its upward trend.
In contrast, the $0.0000081, $0.0000075, and $0.0000069 support levels are vital for averting any declines.
The 50-day exponential moving average is at $0.0000079, adding credence to the market's bullish mood, which is indicated by an RSI of 66.
A significant rising trend is indicated by the observation of bullish engulfing candles that have broken out beyond the $0.00000864 level.
Further supporting the bullish view and indicating prolonged momentum is the fact that the pattern of an ascending triangle has been violated.
After breaking over the pivot point of $0.0000086, the market sentiment for PEPE Coin is optimistic. The short-term price movement of the currency will be heavily influenced by the existing support and resistance levels.
Technical indications and market activity suggest to an uptrend, therefore PEPE might continue to rise. However, a negative correction could be triggered if there are any major movements below the pivot point.
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