PEPE seems to be consolidating before a major move.
Key Support levels: $0.0000015, $0.0000011
Key Resistance levels: $0.0000020
Sellers are exhausted, and bulls could take the opportunity and push the price action at any minute. The resistance is at $0.0000020, and if the momentum indicators flip bullish, then a retest of this key level appears imminent. The current support is at $0.0000015.
Trading Volume: The volume remains flat and shows a lack of interest, but this could change soon.
RSI: The 12h RSI appears ready to curve up and move higher. If so, it could break above 50 points to set a higher high.
MACD: The 12h MACD is bearish, but the histogram is making higher lows. Another push from bulls could flip it bullish, and then a rally could follow.
The bias for PEPE is neutral, but bulls could soon take over the price action.
Short-Term Prediction for PEPE Price
This consolidation under the key resistance is bullish. Sellers had multiple opportunities to take PEPE lower but failed. As such, a test of the key resistance at $0.0000020 seems more likely now.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.