During the first six months of 2024, $PEPE has shown considerable volatility. At the beginning of the year, experienced explosive growth, increasing its market capitalization and attracting many new investors. By March, $PEPE had gained more than 25,000 new holders and its price had increased nearly 800%, reaching a market capitalization of nearly $3 billion.
In April and May, #pepe⚡ continued to gain popularity, reaching an all-time high. This surge attracted more investors, although the euphoria also generated profit-taking selling, leading to price corrections at various times.
Current Price, Support and Resistance
Resistance: $0.0000170 - $0.0000175 USD.
Support: $0.0000111 - $0.0000119 USD.
Price Forecast
For the rest of the year, PEPE is expected to maintain its volatility. Analysts suggest that PEPE could experience a significant increase in value, potentially breaking above resistance and reaching new #PEPEATH if it holds above current support.
In my opinion, for July 2024 PEPE expected an average price of $0.0000147 USD, with a low of $0.0000119 USD and a high of $0.0000175 USD.
Technical and fundamental factors.
Technical factors: The crossing of the exponential moving average (EMA) indicates possible bullish momentum. Support and resistance levels will be crucial in determining future price movements. But, High volatility and a large number of holders in the gains could generate short-term selling.
Fundamental factors: Continued growth in holder base and community interest and new Marketing initiatives and listing on new exchanges could also provide additional bullish catalysts.