PEPE is soaring! A 13% increase in the past month may hit the $0.000016 mark!
PEPE is one such token whose recent price action has been attracting market interest. As of June 2024, PEPE has achieved commendable monthly growth despite its poor performance in the past week. What will happen in the remaining half of June 2024?
As of now, PEPE is trading at $0.000011507830, with a 24-hour performance of -4.32%. The meme coin has a market capitalization of $4.843 billion and a 24-hour trading volume of $661.548 million.
Over the past week, PEPE has fallen by 9.73%, but has shown a clear recovery over the past month, rising by 13.18%.
PEPE's recent price action shows that it has rebounded from the key support level of $0.00001146. This support level is crucial as it has been tested multiple times and sustaining above this level could signal a potential reversal.
Given the current market conditions and investor behavior, the price of PEPE is at a critical point. If the price can sustain above the $0.00001146 support level and investor sentiment improves, a short-term rally could push the price to the $0.00001369 resistance level. A break above this resistance level could further propel PEPE towards $0.00001600.
However, if selling pressure persists and the $0.00001146 support level fails to hold, PEPE could drop to the $0.00001007 mark. This scenario will largely depend on the broader market sentiment and the actions of profit-taking investors.
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