Can PEPE Hold This Support as $0.00001924 Target Awaits?
PEPE's price shows bullish momentum with a 4.1% rise over the past week, currently trading at $0.00000587. Active trading persists with a 24-hour volume of $303.89 million, up 12.7%. Technical indicators like MACD confirm ongoing buying pressure, and analysts highlight key support levels. If PEPE holds the 0.236 Fibonacci level, the next targets include $0.0000065975 and $0.0000069713. An analyst named Ray views PEPE as an 'absolute opportunity,' predicting a potential surge of 227.77% to $0.00001924, citing strong support and momentum.
Decentralized Exchange
Automated Market Maker (AMM)
Frog-Themed Coins
PEPE Shows Bullish Momentum
PEPE is testing key support levels, with an analyst targeting a potential 10-month high, as its bullish momentum continues to strengthen. Over the past seven days, PEPE has seen an impressive 4.1% increase, currently trading at $0.00000587.
Price Movements and Market Activity
The price chart reveals noticeable fluctuations within this timeframe: a sharp rise followed by a brief dip and subsequent recovery. Despite these fluctuations, the recent 24-hour trading volume of $303.89 million—a 12.7% increase—highlights active trading and liquidity. Such volatility makes PEPE an attractive option for speculative traders in the meme coin sector.
Technical Indicators Suggest Bullish Momentum
The Moving Average Convergence Divergence (MACD) indicator points to a positive trend, with the MACD line (blue) positioned above the signal line (orange), signaling the waning of bearish momentum. Furthermore, the MACD histogram predominantly remains in the green zone, indicating sustained buying pressure.
Key Levels to Watch
If the price successfully holds the 0.236 Fibonacci retracement level and bullish momentum in the MACD continues, the next target could be the 0.618 Fibonacci retracement level at $0.0000065975, with further resistance at $0.0000069713.
Analyst’s Bullish Outlook
An analyst known as Ray shared his bullish outlook on social media, describing the current price level as an “absolute opportunity” to buy. According to Ray, the price is holding a key support zone, as revealed by his chart analysis, and is primed for a potential upward move.
Predicted Price Rally
Ray forecasts a significant rally, targeting a future price of $0.00001924, which represents an approximate 227.77% increase from the current price of $0.00000587. The dashed line on his chart highlights this trajectory, and Ray has confirmed that he is currently long on the meme coin.