The cryptocurrency market has seen increased volatility, with major assets experiencing fluctuating price movements. Pepe is following this trend, showing both bearish momentum and potential recovery signals.
Trading signals and key indicators
Pepe is showing signs of a potential trend shift, with key indicators suggesting a possible rebound. The Moving Average Convergence Divergence (MACD) line is positioned at -0.00000114, still below the signal line at -0.00000112. This placement confirms continued bearish pressure, though weakening momentum is visible in the histogram. If the MACD line crosses above the signal line, a bullish reversal could emerge.
Relative Strength Index (RSI) stands at 35.49, moving up from 34.79. This increase signals that PEPE is approaching oversold conditions, which typically precede short-term recoveries. Historically, RSI levels in this range have often led to upward price movements.
Support remains at $0.00000600, preventing further declines. Resistance levels stand at $0.00001000 and $0.00001500. If bullish momentum increases, a move past $0.00001000 could confirm a stronger recovery. Failure to sustain above $0.00000600 may extend the downtrend.
Circulating supply and market performance
Pepe’s price is currently at $0.00006444, marking a 3.67% increase over the past 24 hours, according to CoinMarketCap. The market cap has reached $2.71 billion, reflecting similar growth within the same period. Trading volume has surged by 124.25%, reaching $743.51 million, indicating heightened market activity.
Pepe’s circulating supply has reached 420.68 trillion tokens, aligning closely with the maximum supply of 420.69 trillion. The number of holders has grown to 411.42K, reflecting increased participation. The volume-to-market cap ratio stands at 27.34%, confirming strong liquidity and active market engagement.
The value of Pepe decreased to $0.00006216 until buying pressure restored it. Buying pressure powered PEPE to reach its peak daily value, after which it stabilized temporarily. The price movement shows significant volatility because it has fluctuated from $0.00006216 to $0.000066.
The price action suggests a very sharp bounce-back and buying pressure is seen taking the token to its highest for the day before a slight leveling off. There is constant conspicuous trading activity and improved trading volume, both of which are a clear indicatives of market confidence which in return consolidates the stability of PEPE in the current price swings.
