Despite weak movements in Bitcoin (BTC), Pepe (PEPE) managed to show an increase and became the second highest gainer in the past 24 hours.
Despite the weak movements in Bitcoin (BTC), Pepe (PEPE) managed to show an increase and became the second highest gainer in the past 24 hours. BTC, which has not yet surpassed the $27,250 resistance, caused value losses in many altcoins. PEPE, on the other hand, managed to gain value despite the price structure in BTC, earning the appreciation of meme coin enthusiasts. With an 11% increase in the past two days and a 4.50% increase in the past 24 hours, PEPE claimed the second position in the list of winners. Can meme coin, which has experienced significant declines, rise again with this movement? What is the current situation on the PEPE chart?
PEPE, directly responding from the support level of $0.000001119, experienced an 11% increase within two days, reaching $0.00000131. This stable upward movement of PEPE, which has been the first since the downward break of the ascending channel, also energized the memecoin ecosystem. The fact that PEPE gained such value in a short period of time despite BTC also increased interest in BRC-20 tokens. To sustain the upward trend in PEPE, the resistance levels to be monitored are $0.00000149, $0.00000163, and $0.00000175, respectively. The breakthrough of these important levels in the near future could further strengthen the possibility of long-term growth for PEPE. As for the levels where buyers could play a role in PEPE, they are the monthly opening price, $0.00000125, and $0.00000119, respectively.
