The price of Pepe (PEPE) tokens indicates intense market engagement because of their significant market rate movements. The market activity of the token indicates upward momentum alongside corrective moves as traders expect it to possibly reach $0.00002000.
MACD and RSI indicate potential shift
MACD (12, 26, close) is still in a bearish value of -0.00000111 as the signal line is as low as -0.00000109 with the MACD line standing at 0.00000002. Once again the histogram is negative and this really shows that the bearish momentum is still very much in force.
When the MACD line crosses the signal line then it can be interpreted as a signal that the trend is reversing. This is the indication that PEPE could attempt a recovery if the MACD line moves above the signal line.
The RSI is currently at 36.77, with its signal line at 35.79. These values indicate that PEPE is nearing oversold conditions. Typically, an RSI below 30 confirms an oversold market, while a reading above 70 signals an overbought state. PEPE’s RSI staying above 35 could create buying interest, potentially driving the price higher.
The PEPE price has mostly been on a bearish trend from December to the present year. If RSI stays above 35 and MACD is inclined to bring a crossover, the range could reach $0.00001000. However, a continued bearish phase may come to support the asset with a value of $0.00000500.
PEPE market cap and trading volume surge
The latest market data from CoinMarketCap shows PEPE’s price at $0.000007153, reflecting a 1.58% daily increase. The market capitalization has climbed to $3 billion, marking a 2.35% rise. Additionally, 24-hour trading volume has reached $630.14 million, up by 34.50%.
Pepe’s fully diluted valuation (FDV) stands at $3.02 billion. The volume-to-market cap ratio over the last 24 hours is recorded at 20.97%. The total supply of PEPE tokens is 420.68 trillion, closely matching the circulating supply, which is at 420.68 trillion.
The daily price movements show an initial downward movement before a volatile stage follows, which then transitions into recovery. The record high price hit $0.000007153 as trading data shows continuous involvement as both bullish events and pullback patterns appeared.
