**PEPE's Market Performance and Forecasts**
PEPE is currently trading at $0.000012 and is struggling to clear the key resistance at $0.0000136. Being able to break above this resistance can provide potential gains to investors,
The Global In/Out of the Money (GIOM) indicator states that approximately 56.48 trillion PEPE is about to become profitable. This indicates that PEPE's supply, which is traded in the range of $0.000011 to $0.000013, is on the verge of turning a profit and significant selling pressure may occur at this level. In particular, PEPE reaching the upper limit of this consolidation zone could provide investors with a gain of approximately $628 million.
However, memecoin investments are generally sensitive to market trends. If current market conditions are generally bearish, investors may be tempted to sell in order to preserve their profits. This could lead to sudden drops in the price of PEPE.
Market Value/Realized Value (MVRV) ratio plays an important role in assessing investors' profit and loss. PEPE's 30-day MVRV was recorded at 15%, which could be an indicator of current profit levels and possible selling pressure. Historical data shows that PEPE tends to correct when its MVRV ratio is between 18% and 48%.
This means, considering the chart analysis, a possible selling pressure before PEPE exceeds the $0.000013 resistance may cause the price to drop to $0.0000114.
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