PEPE Price Analysis: This is What Needs to Happen for PEPE to Target Critical Resistance

2023-05-29 15:03:54

PEPE continues to range as market participants are waiting for something to happen.

Key Support levels: $0.0000013, $0.0000011

Key Resistance levels: $0.0000020

PEPE’s volatility is extremely low right now with the price unable to make any significant moves. It appears that both sellers and buyers are exhausted or absent from the market. PEPE has support at $0.0000013, and if broken the price could go to $0.0000011 next. The resistance is at $0.0000020, and so far, bulls failed to surpass it.

Chart by TradingViewTrading Volume: The volume almost disappeared from the chart. This has led to low volatility.

RSI: The daily RSI is somewhat flat but may turn bearish if bulls can’t sustain the price at the current support.

MACD: The daily MACD is bearish. However, considering the lack of conviction from sellers, the price has not reacted to this.

Chart by TradingView## Bias

The bias for PEPE is neutral.

Short-Term Prediction for PEPE Price

The spotlight on PEPE appears to have turned off. Interest in this meme coin has disappeared, and unless excitement returns to the overall market, it is unlikely we will see much action at this time.

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