Pepe (PEPE) has broken through: It may explode soon!
Popular memecoin PEPE is blinking at the rise with its technical structure.
Pepe's (PEPE) movements are drawing attention among memecoins that have taken the offensive along with Bitcoin's rise. PEPE, which immediately recovered after falling below a critical support price, seems to have entered an uptrend.
$PEPE , which broke the downtrend by jumping above $0.00000684, reached $0.00000721 in a short time. The altcoin, which finds strength in the continuation of the memecoin craze, the relative recovery of BTC and the calming of BTC dominance, may target $0.00000932 - $0.00001107 and $0.00001242, respectively, if it settles above $0.00000821. The red area will be decisive in this process. The volume breakout of the red box will increase the bullish signals in the parity.
The weakening of the Memcoin craze, $BTC closing below $ 56,500 daily or the increase in #BTC dominance will create selling pressure on the parity. In such a scenario, declines towards $ 0.00000684 - $ 0.00000639 and $ 0.00000585 may occur, respectively. 0.00000585, which was tested on August 5, will serve as the main support. Every process spent below this level will push the parity even lower.
#PEPE , which has a market value of $ 3.03 billion as of the writing of the news, achieved a trading volume of $ 927 million in the last 24 hours. It is ranked 26th in terms of market value.
