1. BITBILIHome
  2. Article

Pepe price analysis: PEPE market surges as bullish activity takes the lead

• 100 views

TL;DR Breakdown

  • Pepe price analysis shows a bullish market sentiment.
  • PEPE is trading at $0.000001493, up by 2.39 percent.
  • Resistance for PEPE is present at $0.000001523.

The recent Pepe price analysis shows an increase in market activity, with PEPE trending upwards over the past 24 hours. PEPE’s price action has been relatively bullish, having established a new daily high of $0.000001523. PEPE is trading at $0.000001493, up by 2.39 percent from its 24-hour low of $0.000001428.

The support level for PEPE is currently at $0.000001430, while the resistance level is at $0.000001523. The support level is acting as a buffer for PEPE’s price action, but it is also important to note that the market sentiment remains bullish. The resistance level is also providing a barrier to the upward trend, which could signal a potential reversal in the near future if the selling pressure persists.

The market capitalization for PEPE is currently at $585 million USD, up by 2.42 percent from its yesterday’s close. The trading volume for the past 24 hours has reached a peak of $132 million USD, with a circulating supply of 391,790,000,000,000 PEPE tokens in the market.

Pepe price analysis 1-day chart: PEPE trades in an uptrend despite a low trading volume

On the daily chart, Pepe price analysis shows an uptrend pattern in PEPE’s price action. The chart also shows that the trading volume is relatively low, indicating that the buying activity is limited today. Despite this, PEPE’s price has been rising steadily, and it appears as though its momentum will continue into the near future.

image 984Pepe price analysis: PEPE market surges as bullish activity takes the lead
PEPE/USD 1-day chart, Source: TradingView

On the technical indicators, PEPE shows a bearish outlook since the bulls have not yet taken control of the market. The relative strength index (RSI) is currently at 51.15, which indicates a neutral market sentiment. Meanwhile, the moving average convergence divergence (MACD) is trending downwards but remains below the zero line. Despite this, the red bars on the histogram are fading, suggesting that the trend could be reverting to a bullish outlook in the near future. The Bollinger bands are also in a state of contraction, further confirming that the trend is highly volatile.

Pepe price analysis 4-hour chart: Bulls take the lead

Pepe price analysis on the 4-hour chart shows bulls taking the lead. The chart reveals that PEPE’s price has been increasing steadily in recent hours despite some minor pullbacks. If the buyers continue to dominate, we could expect PEPE’s price to break through the immediate resistance of $0.000001523 and resume its bullish momentum.

image 983Pepe price analysis: PEPE market surges as bullish activity takes the lead
PEPE/USD 4-hour chart, Source: TradingView

On the technical indicators, PEPE shows a bullish outlook. The relative strength index (RSI) is currently at 50.68, which suggests that PEPE has room to move higher before it reaches overbought levels. Meanwhile, the moving average convergence divergence (MACD) is trending upwards and has crossed above the zero line, suggesting that buying pressure is increasing in the market. The Bollinger bands are also expanding, indicating that volatility is on the rise.

Pepe price analysis conclusion

Overall, Pepe price analysis shows a bullish market sentiment for PEPE. The token is currently trading at $0.000001493 and is supported by a strong daily uptrend of $0.000001428. Trading volume has been relatively low today, but this could increase in the near future if the buying pressure persists.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Pepe price analysis: PEPE market surges as bullish activity takes the lead

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月30日 13:35
Next 2023年5月30日 15:19

Related articles

  • Binance announces delisting of XRPUP and XRPDOWN leveraged tokens amidst legal battles

    TL;DR Breakdown Binance announces delisting of XRPUP and XRPDOWN leveraged tokens due to SEC legal action against Binance and Ripple Labs. Users are urged to redeem tokens before the delisting date, receiving USDT stablecoin in exchange. Binance’s proactive measures aim to mitigate the impact of changes in trading options for users. Description Binance, one of the leading cryptocurrency exchanges, has made an announcement regarding the delisting of leveraged tokens XRPUP and XRPDOWN on July 25. This decision comes in the wake of legal action taken by the United States Securities and Exchange Commission (SEC) against both Binance and Ripple Labs, alleging the sale of unregistered securities. To … Read more Binance, one of the leading cryptocurrency exchanges, has made an announcement regarding the delisting of leveraged tokens XRPUP and XRPDOWN on July 25. This decision comes in the wake of legal action taken by the United States Securities and Exchange Commission (SEC) against both Binance and Ripple Labs, alleging the sale of unregistered securities. To ensure a smooth transition, Binance urges users to redeem their tokens using the wallet function…

    Article 2023年7月13日

  • FDIC Chair Gruenberg calls for increased oversight of large regional banks

    TL;DR Breakdown Martin Gruenberg, the head of the FDIC, has raised the call for heightened vigilance over major regional banks in light of the recent failures of several banks. Gruenberg highlighted the evident risks that sizable regional banks could introduce to the overall financial system. Description Martin Gruenberg, the head of the Federal Deposit Insurance Corporation (FDIC), has raised the call for heightened vigilance over major regional banks in light of the recent failures of several banks, including Silicon Valley Bank. Chairman Gruenberg emphasized the need for enhanced regulations and more stringent supervision for these large regional financial institutions. Gruenberg calls … Read more Martin Gruenberg, the head of the Federal Deposit Insurance Corporation (FDIC), has raised the call for heightened vigilance over major regional banks in light of the recent failures of several banks, including Silicon Valley Bank. Chairman Gruenberg emphasized the need for enhanced regulations and more stringent supervision for these large regional financial institutions. Gruenberg calls for more bank oversight Highlighting instances like the collapses of Silicon Valley Bank and Signature Bank of New York, along with…

    Article 2023年8月15日

  • Tensions rise as Meta distances itself from news publishers

    TL;DR Breakdown Meta is reducing its engagement with news publishers, focusing less on current affairs on its platforms. The company launched a text-based app, Threads, that prioritizes non-news content. Meta is in conflict with Canada’s government over legislation requiring platforms to pay for publishers’ content. Description Tensions are escalating as Meta, the parent company of Facebook, Whatsapp, Threads, and Instagram grows increasingly distant from news publishers, sparking widespread concern. This move comes amidst a shift in strategy where the technology titan has been giving less attention to politics and current affairs on its platforms, while simultaneously shrugging off governmental calls for … Read more Tensions are escalating as Meta, the parent company of Facebook, Whatsapp, Threads, and Instagram grows increasingly distant from news publishers, sparking widespread concern. This move comes amidst a shift in strategy where the technology titan has been giving less attention to politics and current affairs on its platforms, while simultaneously shrugging off governmental calls for increased payments to media outlets. Meta’s growing reluctance: A strategic move In a pivotal turn, Meta has distanced itself from the…

    Article 2023年7月20日

  • 7 Central Banks and BIS dive deep into policy matters for retail CBDCs

    TL;DR Breakdown The BIS and a consortium of central banks published a paper on their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The central banks of Canada, the EU, Japan, Sweden, Switzerland, England, and the US collaborated with BIS on a brief CBDCs document.  The evolving payments landscape requires central banks to give some consideration to how CBDCs may be used for wholesale and cross-border use cases. In a collaborative effort to advance the understanding and implementation of retail Central Bank Digital Currencies (CBDCs), seven central banks and the Bank for International Settlements (BIS) are actively examining ongoing policy issues surrounding this transformative financial technology. The exploration of CBDCs comes at a time when digital currencies have gained significant attention worldwide, offering a potential revolution in the way individuals and businesses transact.  Exploring the Potential of Retail Central Bank Digital Currencies Central banks from Canada, Sweden, Switzerland, the United Kingdom, Japan, the European Central Bank, and the United States, along with the BIS, are pooling their knowledge and expertise to investigate the possibilities and challenges associated…

    Article 2023年5月29日

  • ECB reveals its strategy with interest rate hikes

    TL;DR Breakdown The European Central Bank (ECB) is poised to raise interest rates again, but its future course beyond July remains unclear. A quarter percentage point increase to 3.75% is anticipated, as per market predictions. The possibility of a further rate hike post-July is increasingly uncertain; the ECB could turn more cautious in its signaling. Description The strategy of the European Central Bank (ECB) is coming into sharper focus as the institution is poised to elevate interest rates again this week. Amid this backdrop, the financial markets are keen on discerning the ECB’s course of action beyond July, a trajectory less clearly defined. For the past year, Eurozone interest rates have … Read more The strategy of the European Central Bank (ECB) is coming into sharper focus as the institution is poised to elevate interest rates again this week. Amid this backdrop, the financial markets are keen on discerning the ECB’s course of action beyond July, a trajectory less clearly defined. For the past year, Eurozone interest rates have climbed by a substantial 400 basis points to 3.5%, a level…

    Article 2023年7月24日
TOP