Over the past 24 hours, PEPE has experienced a decline of approximately 6.18%, with its price decreasing from $0.00002315 to around $0.00002176.
This downward movement has brought PEPE closer to its immediate support level at $0.00002141. The recent rejection near $0.00002365 indicates strong resistance, suggesting that unless bullish momentum returns, further declines toward $0.00002100 or lower are possible. The 24-hour trading volume stands at approximately $2.3 billion, indicating significant market activity with sellers currently dominating the short-term trend.
On the 4-hour chart, PEPE's price action shows a consistent series of lower highs, confirming bearish momentum. If the support at $0.00002141 fails to hold, a sharper decline could ensue, potentially testing $0.00002100. However, a rebound above $0.00002292 could provide room for bulls to aim for $0.00002365 and higher. Traders should monitor these critical levels as volatility picks up, with caution advised on further dips.
Looking ahead, various analyses offer differing predictions for PEPE's price by the end of 2024. Changelly's AI algorithm forecasts an average price of $0.0000669, while CoinPedia anticipates an average of $0.0000546198. CoinCodex projects a maximum price of $0.00007616, and AMBCrypto's analysis suggests an average of $0.000024.
It's important to note that cryptocurrency markets are highly volatile, and these predictions should be approached with caution. Market dynamics can change rapidly, and investors should conduct thorough research and consider multiple factors before making investment decisions.
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