Will PEPE Coin Reach $0.000015 This Week?

Pepe (PEPE) has surged by 4.84% in the last 24 hours, outpacing the average 3.66% increase in meme coins. Despite this, a potential bearish reversal may be on the horizon, raising the question of whether it’s time to sell.Pepe has shown resilience, rising 2.44% since last Monday and gaining 5.12% over the past month. However, trader interest is waning, with a 23.48% drop in 24-hour trading volume to 508.47 million, indicating a cooling market.

Pepe Price Indicators and Market SentimentAfter 12 days of consolidation, PEPE may be poised for a breakout followed by a bearish reversal. Its price has fluctuated between strong support at $0.0000127 and resistance at $0.0000113.

The Chaikin Money Flow (CMF) has risen to +11.0, signaling bullish momentum, and the Relative Strength Index (RSI) has moved from 40 to 60.A densely populated liquidation zone between $0.000014 and $0.0000148 suggests potential sweeping of these levels. Short positions targeting a decline to $0.000007-$0.0000076 hint at a possible short squeeze, which could drive the price higher to $0.000014 before any bearish reversal. However, a significant breakout seems unlikely given Bitcoin’s recent retreat.

The Rise of a New Meme Coin:

Pepe UnchainedAs traders consider holding PEPE, the meme coin landscape evolves with new opportunities like Pepe Unchained ($PEPU). Operating on its own Layer 2 chain, Pepe Unchained offers lower fees and 100x faster transaction speeds.Pepe Unchained has raised nearly $6 million in its presale, and its transparency and audits have bolstered investor confidence. With a presale price of $0.0082596, early investors can benefit from an impressive 312% APY.❀

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