PEPE continues to swing as market participants wait for something to happen.
Key Support Levels: $0.0000013, $0.0000011
Key Resistance Levels: $0.0000020
PEPE’s volatility is extremely low right now and the price cannot make significant moves. It seems that both sellers and buyers are out of stock or absent from the market. PEPE has support at $0.0000013, and if it is broken, the price could go to $0.0000011 next. Resistance is at $0.0000020 and so far, the bulls have failed to break above it.
Chart by TradingView
Trading Volume – The volume almost disappeared from the chart. This has led to low volatility.
RSI: The daily RSI is somewhat flat, but it can turn bearish if the bulls cannot hold the price at the current support.
MACD: The daily MACD is bearish. However, considering the lack of conviction from the sellers, the price has not reacted to this.
Chart by TradingView
Inclination
The bias in favor of PEPE is neutral.
Short-term prediction for the PEPE price
The PEPE spotlight seems to have gone out. Interest in this meme coin has died down, and unless excitement returns to the broader market, it is unlikely that we will see much action at this point.
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TradingView cryptocurrency charts.
This post This is what needs to happen for PEPE to target critical resistance
was published first on https://cryptopotato.com/pepe-price-analysis-this-is-what-needs-to-happen-for-pepe-to-target-critical-resistance/
