While the broader market edged up slightly yesterday, $PEPE made an extra move of its own: it gained 5.5% over the past 24 hours and is now hovering around $0.00000457. Its 24-hour range is $0.00000426 to $0.00000462, with spot trading volume of about $28.85 million.
Looking at the 7-day period, it has traded between $0.00000421 and $0.00000511, gaining 3.9%. It is currently in the lower-middle part of that range, still some distance from the 7-day high but not too far from the low.
There are just three levels to watch today: to the upside, first the 24-hour high of $0.00000462, then the 7-day high of $0.00000511; to the downside, the 24-hour low of $0.00000426, followed by the 7-day low of $0.00000421. Until one of these levels is breached, yesterday's gain is still just a move within the range.
There's another time to keep in mind today: the Fed's FOMC will announce its rate decision at 2 a.m. tonight, followed by the chair's press conference at 2:30 a.m. Volatility could pick up around the announcement. Until the range breaks, a single day's move doesn't tell us much about the trend.
No kidding, a single day's gain isn't enough to call it a trend. Whether trading volume can keep up is what really matters next.
Do you think PEPE will revisit $0.00000462 first, or fall back to $0.00000426 first?
#Pepe #Market Watch
Looking at the 7-day period, it has traded between $0.00000421 and $0.00000511, gaining 3.9%. It is currently in the lower-middle part of that range, still some distance from the 7-day high but not too far from the low.
There are just three levels to watch today: to the upside, first the 24-hour high of $0.00000462, then the 7-day high of $0.00000511; to the downside, the 24-hour low of $0.00000426, followed by the 7-day low of $0.00000421. Until one of these levels is breached, yesterday's gain is still just a move within the range.
There's another time to keep in mind today: the Fed's FOMC will announce its rate decision at 2 a.m. tonight, followed by the chair's press conference at 2:30 a.m. Volatility could pick up around the announcement. Until the range breaks, a single day's move doesn't tell us much about the trend.
No kidding, a single day's gain isn't enough to call it a trend. Whether trading volume can keep up is what really matters next.
Do you think PEPE will revisit $0.00000462 first, or fall back to $0.00000426 first?
#Pepe #Market Watch
