Can Pepe Reach $10 Per Coin? Price Up 12% in 24 Hours With Massive $1.2 Billion Volume
Over the last 24 hours, Pepe (PEPE) has gained 12% on the crypto market. Pepe is now trading at $0.000009 with a $968 million 24-hour volume.
The surge has propelled Pepe to #25 with a $3.78 billion market value, despite a 0.64% drop.
The meme currency has 420.69 trillion PEPE coins in circulation, attracting traders and investors.
Pepe Technical Analysis: Key Levels
Pepe's 4-hour chart shows an important technical crossroads between two major trendlines.
Around $0.00000986, the bearish trendline is restricting advances, providing major resistance.
However, the upward trendline provides strong support at $0.00000814, protecting against sell-offs.
The bulls still rule the market as the Relative Strength Index (RSI) falls but stays above 50.
Despite a minor slowdown in purchasing enthusiasm, market mood remains upbeat.
Moreover, the 50-day Exponential Moving Average (EMA) is close below the current price at $0.00000830, providing dynamic support.
This EMA might help traders feel confident by limiting more drop.
Pepe Price Retraces 38.2%—What Next?
If Pepe's price breaks $0.00000814, $0.00000751 is the next key support zone.
However, a positive breach over $0.00000931 barrier might revive buying activity and push Pepe into higher resistance levels.
Conclusion: Is $10 Coin Possible?
As long as Pepe is above $0.00000814, the positive trend will certainly continue.
At $0.00000931 and beyond, traders may attain upward goals, but they need watch for breakouts.
The $10 per coin aim may sound lofty, but momentum and market sentiment imply Pepe might see huge increases soon.