PEPE experienced a sudden dip in price following its brief surge during the weekend as bearish market conditions took control. During the last 24 hours, PEPE lost 17.16% of its value, reaching $0.056869 in the market.
PEPE market movement and liquidity
According to CoinMarketCap data at the time of press, Market capitalization fell to $2.89 billion, reflecting the same percentage decrease. Trading volume decreased 21.65%, settling at $950.29 million.
Pepe’s fully diluted valuation (FDV) remained near the market cap at $2.88 billion. The circulating and total supply reached 420.68 billion PEPE, with a maximum supply of 420.69 billion PEPE.
During the session PEPE reached its highest point at $0.08292 after which it started declining and maintained its downward trajectory. The current ratio measurement of market capitalization to trading volume equaled to 32.82%. At the time of writing, the price was $0.056869, showing minor fluctuations toward $0.06912. Pepe ranked at number 33 by market position, with 409.53K holders.
Technical indicators, price action and prediction
PEPE’s daily chart displays a bearish outlook, with the MACD and RSI indicators reflecting downward pressure. The token traded at $0.00000686, marking a 4.85% decline in the last session.
Tracking PEPE movement, market sellers intensified their pressure according to the RSI value of 33.64, which approached the oversold limit of 30. The RSI moving average strength was 36.16 during the analysis period. During this period, the MACD indicator exhibited bearish signals as its lines showed the MACD at 0.00000001 and the signal at -0.00000112.
According to the market data, a negative market pressure was notable. When the MACD line rises upward, the indicator shows bullish potential when the market sentiment declines. Pepe faces selling pressure with RSI near oversold conditions and a bearish MACD crossover.
The failure of present support will direct the price movement toward $0.00000650. A buying surge could raise the price to $0.00000720, but this depends on the market purchasing activity. The prevailing market sentiment indicates there is a chance for price decreases to reach up to 50% by 2025.
