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Pepe price has been showing a sharp upward trend recently, which means that the cryptocurrency may maintain a strong bullish trend in the future.
The volume fell below the average level, which had a significant impact on volatility, while bulls struggled to stay above the support level.
From a technical point of view, it is still in a bullish range, but it is volatile, which shows that minor consolidation may continue.
Pepe price is $0.000012, price change +0.70%, market capitalization is $6.2 billion, circulating supply is 420.68 trillion, trading volume (24 hours) is $1.2 billion, ATH is $0.00001718, Fear-Greed Index is 78 (in extreme greed), market sentiment is neutral, volatility is 23.63%, and green days are 15/30 (accounting for 50%).
With a bullish ratio of 67% and a bearish ratio of 33%, PEPE price is trapped in a decisive symmetrical triangle in the short term after setting a new high.
After failing to break through the resistance level, the price may decline slightly and move towards the apex of consolidation.
The RSI has reached the upper limit, which indicates that a small correction may occur.
The decreasing volume also confirms the bearish trend, so the price may break from the support level and reach $0.000014, which may attract new liquidity and return to its ATH.
In early June, the market showed considerable strength, indicating that the upward trend of prices may continue for a while. The price that is consolidating may surpass the $0.000016 level and overcome any bearish pressure that attempts to limit the rebound. As trading approaches the end of the month, the positive momentum is expected to reappear. By the end of the month, bullish investors may drive the price upward and push the price to around $0.000018 to form a new ATH.
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SHIB
0.00002222
-3.9
