The price forecast for Pepe (Pepe-PEPE) is currently $0.000009, with a slight increase of 0.10% over the past 24 hours, and a strong trading volume of $719 million. Accordingly, Pepe ranked thirtieth in the global rankings of digital currencies, with a market value of $3.58 billion. It should be noted that the huge circulating supply of Bibi is close to its total supply, which indicates the wide spread of this digital asset.
As for the technical analysis on the 4-hour chart, it indicates that Pipe Coin is trading slightly above the price pivot point at $0.000008. If the currency manages to maintain this level, it will face resistance at $0.000009, followed by additional obstacles at $0.000010 and $0.000011. These levels may direct the price towards achieving gradual gains. If it falls below the pivot point, it may test the support level at $0.000007, and then the $0.000006 level if the downward trend intensifies.
On a related note, the Relative Strength Index (RSI) reading indicates 61, which means there is slight buying interest without reaching overbought areas. The 50-day Exponential Moving Average (50-EMA) is at $0.00000757, which is in line with the recent positive overall momentum and also emphasizes the need for vigilance when prices approach critical levels.
