In the past 24 hours, the price of PEPE has fallen by 5.38%, and the weekly decline has reached 15.84%. The current trading price is fixed at US$0.00001003.
At the same time, Notcoin was not immune to the market volatility, with a 24-hour drop of 2.58% and a weekly drop of more than 12.82%. The current trading price is hovering around $0.012567.
Since July 16, PEPE seems to be stuck in a consolidation cycle, with the price hovering between the resistance level of $0.00001297 and the support level of $0.00001196, with a fierce battle between the bulls and bears in this range. However, the sudden strength of the bears yesterday caused the price of PEPE to fall below the lower boundary and touch the support area of $0.000009994. But it is worth noting that despite the heavy pressure, the price of PEPE showed positive signs, although it is still below the 50-day and 200-day simple moving averages.
The rebound of the relative strength index is particularly eye-catching. It has recovered from the oversold level of 30 to 32 and continues to climb. This sign shows that the power of buyers is gradually increasing, and they are taking advantage of the undervalued value of PEPE to make a layout. If this buying momentum continues, the price of PEPE is expected to return to the consolidation range and even challenge the upper limit of $0.00001313. Of course, the existence of short forces cannot be ignored. If the price fails to effectively break through the resistance level, it may retreat to the support level of $0.000009990 to seek more solid support.
Compared to PEPE, Notcoin has shown resilience in rebounding from support levels. In the past 24 hours, the price of Notcoin has rebounded from the key support level of $0.01142 and is heading towards the $0.01355 mark. If it can successfully break through this threshold in the next 24 hours, Notcoin is expected to rise to $0.01598 in the short term. However, the market is always full of variables. If the price falls below the $0.01142 support level, it may make the bullish expectations go unfulfilled, and Notcoin may further decline to the key level of $0.00996.
In terms of technical indicators, Notcoin also faces challenges. The RSI reading continues to be below the 50 baseline, showing the dominance of short-selling forces. The MACD line is below the signal line, which further confirms the negative trend in the short term. However, it is worth noting that the slope of the MACD histogram has turned positive in the past 12 hours, which may indicate that Notcoin is about to turn around, and a bullish reversal may be staged in the near future.
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