Pepe Coin Ready For a Blast: Crypto Bull Run is ON!

November 12, 2024

Pepe Coin (PEPE) has generated significant attention in the meme coin space due to its unique branding and recent market volatility.

Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it’s advance. Following a resistance breakout, the next closest resistance zone becomes a price target.

Here’s an overview of its latest performance, price indicators, and reasons why it remains a popular choice among meme coin enthusiasts.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Pepe Coin Price Analysis

Latest Price: $0.000012
Market Cap: $510 million
24h Trading Volume: Over $900 million
Circulating Supply: ~390 trillion PEPE tokens
Total Supply: 420 trillion PEPE tokens

Price bounced off of $0.0000078 support, back above 200-day moving average, which is bullish. It’s also broken above $0.000010 to signal resumption of Uptrend, with +30% potential upside to $0.000013.

Weekly Price Performance

Over the past week, PEPE has seen a significant increase, outpacing the broader cryptocurrency market with a rise of approximately 48%.

Trend: Short-term trend is Strong Up, Medium-term trend is Neutral, Long-term trend is Neutral.

Momentum: Price is neither overbought nor oversold currently.

Support and Resistance: Nearest Support Zone is $0.0000091, then $0.0000078. Nearest Resistance Zone is $0.000013.

Technical Indicators

Relative Strength Index (RSI): Currently around 64.
Moving Average (50-Day): Price is above the 50-day average, indicating bullish momentum.
MACD: Positive trend, signaling potential for continued upward movement.