#PEPE coin has witnessed a decrease in derivative trading volume in the last 24 hours.
2 According to Coingecko, the community is waiting for the PEPE cryptocurrency to start rising.
The PEPE coin is a meme coin and is a digital currency that is usually made to overtake other meme coins on the market. The specific creator of the coin is still unknown; few people believe that it was created by Matt Furie, but this is completely wrong. The coin has no intrinsic value of its own and serves as a meme coin. The coin is built on ETH standards and follows the ERC 20 blockchain domain token standard. The coin was launched on crypto exchanges for the first time on April 14, 2023.
The spot volume of the cryptocurrency fell by 6.11% in the last 24 hours and reached $ 41.59 million. This is followed by a market capitalization of $ 280.26 million. The market value has increased by 0.93% in the last 24 hours. The volume/market capitalization ratio of PEPE crypto is 14.84%.
The PEPE cryptocurrency has a supply of 391.79 tons of PEPE tokens in circulation and a fully diluted market capitalization of $ 301.04 million. It has a total supply of 420.69 tons of PEPE. 93.13% of the total supply of cryptocurrency flows on the open market for trading. PEPE's market capitalization dominance is 0.027%.
PEPE Crypto Price Technical Analysis
PEPE coin is trading in a falling wedge formation and forming bearish candlesticks. The current chart represents a lack of volume in crypto, as it makes uncertain rises in candlesticks. At the moment, crypto is making lower low swings, taking resistance from higher levels.
Due to the continuous decline in the PEPE coin price, the 50-day EMA is trading above the price. The RSI is also showing a bearish trend on the charts because it does not indicate any momentum trading below the 50 level on the charts. As a result, both technical indicators give a sell signal.
PEPE Liquidation Analysis
Will PEPE Crypto Drop Dogecoin during the Crypto Bull Run?
The derivative volume of the PEPE coin has not shown a significant increase or activity for a long time. This lack of volume represents the lack of interest of the trading community in crypto.
Solution
The PEPE crypto follows a bearish market structure and creates new low-low swings after the bearish structure. Technical indicators such as RSI and EMA are also showing a downward trend on the charts. The crypto community has also not released any major projects or activities. This situation causes investors to remain uninterested.
Therefore, the PEPE coin price is expected to fall to even lower levels and may also be volatile or bearish due to the lack of volume in the crypto.
Technical Levels
Support levels: US$0.00000020 and US$0.00000060
Resistance levels: $0.00000150 and $0.0000020
