The PEPE memecoin has displayed a positive upward trend, holding strong gains close to the 50-day EMA level. Buyers are showing a keen interest in crossing the $0.00000900 threshold.

The price movement of the PEPE token shows a promising uptrend, firmly maintaining gains near the 50-day EMA support zone. Despite some consolidation within the month, the price remains near the critical support level of $0.00000600, signaling a bullish trend. Analysts have identified a bullish flag pattern on the charts, suggesting further bullish momentum that could propel the token beyond the recent high of $0.0000100.

Currently, the PEPE token is trading at $0.00000668 with a 1.65% intraday gain, indicating a neutral stance on the charts. While the monthly return stands at -6.67%, the annual return is a significant 240.89%. The PEPE/BTC pair is valued at 0.000153 BTC, with a market cap of $2.80 billion. Analysts hold a neutral view on PEPE's price, expecting it to continue its outperformance and potentially breach the $0.00000900 level.

PEPE Price-to-Volume Profile Suggests Bullishness

The PEPE token has exhibited an uptrend and maintained gains close to the 50-day EMA level. With consolidating movements, buyers are aiming to surpass $0.00000800 for a fresh uptrend. However, the intraday trading volume has decreased by 38.26%, indicating a decline in investor interest.

Price Volatility and Sentiment Analysis Remain Neutral

Despite a decrease in price volatility by 22% to 0.013, sentiment analysis shows a positive bounce of 36%, hovering around the 0.532 mark, indicating a generally positive sentiment.

Social Dominance and Holder Trends

Social dominance remains average, with a value close to 0.902%. Twitter followers, however, have decreased by 120%, totaling 12k.

Active Addresses and Holder Data Overview

Active addresses have been steadily decreasing, currently at 19.4k, while the number of holders continues to rise, reaching 199k.

According to Fibonacci levels, the PEPE token price is maintaining gains above the 50% level, trading near the upper Bollinger band. The price is approaching the resistance level of $0.00000750. The RSI curve shows overbought conditions, with the signal line converging with the RSI line.

The total supply of PEPE tokens stands at 420.69 trillion, with a volume-to-market cap ratio of 0.167, representing 44 in the global crypto market.

Summary

The PEPE token has shown resilience by sustaining gains close to the 50-day EMA level. Despite market fluctuations, the token is poised for further growth, potentially surpassing the $0.0000100 mark.

Technical Levels

Support Levels: $0.00000620, $0.00000570

Resistance Levels: $0.00000750, $0.00000850

Disclaimer

The views expressed in this article are for informational purposes only and should not be considered as financial or investment advice.