PEPE price is as volatile as many other altcoins as it continues to struggle to overcome a key hurdle.

In the case of PEPE, the concern is even higher as any potential growth would result in an immediate sale.

PEPE investors are looking for returns

PEPE price is consolidating below the $0.00001369 resistance. This is an important level because if the meme coin is reached, it will bring significant profits to investors. According to the Global In/Out of the Money (GIOM) index, about 56.48 trillion PEPE are on the verge of profitability.

This supply was purchased by investors at prices ranging from $0.00001100 to $0.00001300 and is approaching absolute profits. Once the meme coin reaches the upper limit of the consolidation zone, approximately $628 million worth of PEPE will be in profit.

PEPE Global In/Out of the Money (GIOM) Index | Source: IntoTheBlock

While a potentially positive event, this is not necessarily a bullish sign for PEPE investors. They will likely sell their holdings to secure profits and avoid losses, especially if broader market trends remain bearish.

Further supporting this result is the Market Value to Real Value (MVRV) ratio. The MVRV ratio evaluates an investor's profits and losses.

Currently, PEPE's 30-day MVRV ratio is at 15%, signaling possible profitability and selling pressure. History shows that PEPE tends to correct when MVRV is between 18% and 48%, often called the danger zone.

PEPE MVRV Index | Source: Santiment

Therefore, once profits increase, this meme coin will enter the danger zone and a sell-off can occur at any time.

PEPE price prediction: There is no way to increase

PEPE prices are likely to continue consolidating until broader market signals turn bullish. The reason behind this is the aforementioned threat of a sell-off as profit-taking could take place before the $0.00001369 resistance is breached.

PEPE/USDT Daily Chart | Source: TradingView

Therefore, while there is room for upside in the short term, it is difficult to move above $0.00001369.

However, in case the selling exceeds expectations, it is likely that the price will drop below $0.00001146. This would push PEPE price down to $0.00001007, invalidating the neutral thesis and extending losses.



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