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PEPE (PEPE) has seen a fresh surge after a massive trading volume of over $1 billion, currently ranking 28th among cryptocurrencies and 3rd among meme coins by market cap. However, it is facing challenges with its rising wedge pattern, raising concerns among investors that the recent rally is lacking sufficient momentum.
Traders are keeping an eye on the resistance level at $0.00002020 and the Relative Strength Index (RSI) which is showing a slight improvement at 48. Analysts are predicting a possible rally to $0.000019 with a gain of 7.85% or a decline to $0.00001728 with a loss of 2.37%, presenting opportunities for short-term traders.
