PEPE Is in a Price Range as It Reaches the $0.0000012500 High – July 9, 2023
PEPE/USD is currently trading in a sideways motion as buyers are attempting to keep the price above the $0.0000012500 high. However, the cryptocurrency has been facing resistance over the past three months, causing its movement to be limited within a range of $0.0000010000 to $0.0000018000. Despite this, PEPE has shown relative stability since May 4.
Key Points:
- PEPE/USD is trading sideways as buyers aim to maintain the price above the $0.0000012500 high.
- PEPE has been restricted to a price range of $0.0000010000 to $0.0000018000.
- Since May 4, PEPE has exhibited stability.
- Resistance levels are at $0.0000015000, $0.0000016000, and $0.0000017000.
- Support levels are at $0.0000011000, $0.0000010000, and $0.0000009000.
Since May 4, PEPE’s price has been trading within the range of $0.0000010000 to $0.0000018000. Buyers have made unsuccessful attempts to break above the overhead resistance and establish a bullish trend, while sellers have tried to push the altcoin below its current support twice.
On August 7, PEPE experienced a dip to a low of $0.0000010623, but bulls quickly bought the dips and the cryptocurrency has been rising in the past 48 hours, reaching a high of $0.0000012074. If PEPE manages to break above the moving average lines, it will retest the overhead resistance at the $0.0000012500 high. Breaking this resistance could potentially lead to a resumption of the upward trend for PEPE.
Looking at the 4-hour chart, a breakout for PEPE/USD could propel it to a high of $0.0000028000. However, the Relative Strength Index for period 14 indicates that PEPE is still in the bearish trend zone with a level of 41.
Pepe Alternatives
Despite the recent dip, PEPE is currently correcting upward. It has reached a high of $0.0000012500, but the upward momentum has slowed down. Buyers have been struggling to overcome the resistance in the past 48 hours to continue the positive trend. If they succeed in breaking the initial resistance level, the price of PEPE is expected to rise.
Another cryptocurrency to consider is Wall Street Memes, a meme coin with strong community support and great price potential. It made $21 million during its presale and experts predict significant growth for the coin in the future. They even anticipate that buyers could gain over 1000x rewards by 2030.
Hot Take:
PEPE’s price has been range-bound for the past few months, with buyers struggling to break above the resistance. However, if the resistance is breached, PEPE could resume its upward trend. In the cryptocurrency market, it’s important to closely monitor price movements and consider alternative coins with potential for growth, such as Wall Street Memes.
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