The price of Pepe Coin (PEPE) is on the rise, forming key chart patterns on the daily timeframe. Let's explore the current situation and forecasts.
Current Market Situation for Pepe Coin
At press time, PEPE is trading at $0.00001244, an increase of 1.39% during the day. The 24-hour trading volume has dropped 17% to $880 million, yet the short-term uptrend since May remains intact.
Key Resistance Levels on Charts
Historical data suggests that PEPE often sees significant gains after crossing important levels. Recently, the price surged by 175% to $0.000026 in just two weeks. For further rally, overcoming the resistance at $0.000016 is essential.
Recovery Forecast Based on Market Indicators
After reaching a local low of $0.0000114, PEPE is attempting to recover. The current RSI shows a descending trend while remaining above 50. A reversal from this point could indicate continued buying control in the market.
The rise in Pepe Coin's price, in the context of forming chart patterns and technical indicators, may signify potential further increases if resistance levels are overcome.
