#PEPE

A promising future

This week we have observed that this memecoin overcame a period of instability caused by profit-taking by large investors, falling to $0.00001365 in the last 24 hours; Stability and a resurgence were achieved that leads us to think that the next goal 0.00001510 is possible this weekend.

Many analysts commented during the week that #PEPE was losing momentum after an aggressive rise earlier this week, with indicators pointing to a pullback, based on the relative strength index (RSI) falling from 70 to almost 40, suggesting a possible continued decline.

Additionally, the currency's 30-day moving average began to fall below its 200-day average.

However, trading volumes remain near all-time highs of $2 billion, and whales have continued to purchase the token over the past 24 hours.

This strong demand and interest could cause a rally in prices, allowing PEPE to once again surpass its previous high.

Given the strong demand and market optimism, the PEPE price may stabilize above a new floor of $0.0000150 in the coming weeks and potentially reach $0.000020 in the fourth quarter.

#pepe⚡ #Binance