š„š„š„#Pepe Price Prediction as $600 Million Trading Volume Arrives Key Levels to Monitor
š„The Pepe price has dropped 5% in 24 hours to $0.000007364 while the crypto market gained 1% today.
š„PEPE is up 1.5% in a week, down 17% in a month, and down 31% from its March 14 all-time high of $0.00001064.
š„Its trading volume has increased from $240 million two days ago to well over $600 million today, notwithstanding its recent correction.
š„As traders purchase it at a bargain, it might climb again in the following days.
š„Watch These Levels for Pepe Price Prediction as $600 Million Trading Volume Floods In
PEPE is correcting after a few days of solid gains, therefore it will bounce soon.
š„Its relative strength index (purple) has stopped falling near 30 and is now rising, suggesting a comeback later today.
š„Its 30-day average (orange) has just lately started decreasing, therefore the currency may not rally until it drops below the 200-day (blue).
š„Its support level (green) has held up nicely in recent days, so even if the Pepe price drops more, it shouldn't lose too much.
š„At $600 million, the coin's trading volume suggests ongoing interest.
š„It smashed its ATH in March with $3 billion in volume, although this is still below that.
$PEPE would likely need to wait for the market to recover before posting substantial returns.
š„The market is preparing for the next #Bitcoin #halving on April 20, so this might happen shortly.
š„The market may potentially benefit from spot-based Ethereum ETFs, which many big institutions have applied for in recent months.
š„These factors, together with projected interest rate reduction, may stimulate investor interest in risky assets like PEPE.
š„Thus, the Pepe price may approach $0.000010 again in the next weeks.