Chart by TradingView
PEPE continues to range as market participants are waiting for something to happen.
Key Support levels: $0.0000013, $0.0000011
Key Resistance levels: $0.0000020
PEPE’s volatility is extremely low right now with the price unable to make any significant moves. It appears that both sellers and buyers are exhausted or absent from the market. PEPE has support at $0.0000013, and if broken the price could go to $0.0000011 next. The resistance is at $0.0000020, and so far, bulls failed to surpass it.
Trading Volume: The volume almost disappeared from the chart. This has led to low volatility.
RSI: The daily RSI is somewhat flat but may turn bearish if bulls can’t sustain the price at the current support.
MACD: The daily MACD is bearish. However, considering the lack of conviction from sellers, the price has not reacted to this.
The bias for PEPE is neutral.
The spotlight on PEPE appears to have turned off. Interest in this meme coin has disappeared, and unless excitement returns to the overall market, it is unlikely we will see much action at this time.
