PEPE Struggles to Gain Momentum: Key Levels 7,000, 8,500, 8,750 to Watch
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PEPE hasn't shown strong momentum compared to other meme coins like POPCAT and WIF , which are more bullish. While the broader market has seen some bullish movement, Pepe has lagged behind. It found strong support around the 7200 level, but significant resistance still exists between 8150 and 8750. Currently, Pepe seems to be in a consolidation phase between 7000 and 8500, and a breakout above 8500 is needed for a stronger bullish structure. In the short term, some bullish momentum is possible, but a major uptrend seems unlikely without a rally similar to August 2023.
