Pepe Memecoin Tests Its Important Resistance Level

With the rising bullish sentiment in the crypto market, the Pepe price has jumped 14.89% in the past day with a trading volume of $1.020 billion, a change of 117.71%. Moreover, it has added 27.13% over the past week. Notably, it has secured the 25th position with a market cap of $3.85 billion.

The technical indicator, MACD records a constant rise in the green histogram with its averages experiencing a significant rise. This suggests an increase in the buying-over-selling pressure in the crypto space. Moreover, the SMA supports the price chart, suggesting a positive outlook in the coming time.

If the market holds the Pepe price above the support level of $0.00000880, the bulls will prepare to head toward its upper resistance level of $0.00001150. Conversely, a bearish reversal could pull the price toward its low of $0.00000625. $PEPE