PEPE Is Essentially Stable as It Begins a Positive Trend – July 14, 2023
PEPE has been trading in a range as it starts a positive trend, following the uptrend that began on June 23. The coin reached a high of $0.0000017737 before entering a horizontal trend. For the past two weeks, the price of PEPE has been ranging between $0.0000015000 and $0.0000017000.
Key Points:
- PEPE’s price has been ranging between $0.0000015000 and $0.0000017000 for the past two weeks.
- Each time PEPE retests the $0.0000018000 resistance zone, its price decreases to the range-bound zone.
- Buyers expect to break through the $0.0000018000 resistance zone.
- PEPE/USD struggles to break through the $0.0000018000 to $0.0000020000 resistance zones.
- The cryptocurrency is expected to retest its previous high of $0.0000045000 as it begins a positive trend.
PEPE’s current price is $0.00000176 with a market cap of $689.54M. It has a circulating supply of 391.79T PEPE and a total supply of $743.99M. PEPE is ranked #63 on Coinmarketcap.
The resistance levels for PEPE are $0.0000019, $0.0000020, and $0.0000021, while the support levels are $0.0000015, $0.0000014, and $0.0000013.
Hot Take:
PEPE’s price has been relatively stable, but buyers are hoping to break through the resistance zone and resume the upward trend. If successful, PEPE may retest its previous high. Keep an eye on PEPE as it enters this positive trend.
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