PEPE Faces Crucial Resistance Amid Price Stagnation
Release: 2024/11/25 14:59 Reading: 466
Pepe Price Fluctuates Amid Market Correction
The meme coin Pepe has experienced a slight decline in value over the past 24 hours, trading at $0.00002014. Its daily trading volume has also decreased by over 30%.
The broader crypto market opened with a total market capitalization of $3.35 trillion. Bitcoin (BTC), the leading cryptocurrency, remains close to the $100K mark, currently at $98.1K.
Amongst meme coins, Pepe has shown mixed signals. While coins like DOGE and SHIB have trended downwards, Pepe has suffered a steeper loss of 2.58% in the past 24 hours.
After a price surge on November 14, Pepe reached a high of $0.00002484. Since then, its value has hovered around $0.000020. On Monday, it opened at $0.00002074 and fluctuated between $0.00001918 and $0.00002086.
Whale Activity and Market Sentiment
During this time, PEPE experienced $2.60 million in liquidations, leading to a daily trading volume of $2.87 billion.
A significant PEPE whale recently sold 74.07 billion tokens (worth $1.53 million) for 448.1 ETH. Over the past three days, this whale has sold a total of 130.2 billion PEPE for 891 ETH. Despite these sales, the whale still holds a substantial amount of PEPE, valued at $64.1 million with a total profit of $68.3 million.
Technical Analysis
Pepe's four-hour price chart indicates a potential downward correction due to increasing selling pressure. It may retest the support zone at $0.00001805. However, if it regains strength, it could move towards $0.00002278 or even its previous all-time high of $0.00002524.
Technical indicators like MACD and CMF suggest a bearish trend. The MACD line remains below the signal line, while the CMF indicator shows a decrease in money flow. The daily trading volume has also declined significantly.
In terms of market sentiment, Pepe remains in a neutral zone, with a relative strength index (RSI) of 49.35. Additionally, the short-term moving average has crossed below the long-term moving average, indicating a potential downtrend.
Highlighted Crypto News
- Can SAND Maintain Uptrend After 37% Spike?
Recent news
More>- DOGE and SOL Lead Crypto’s Bullish Trend With Record Gains 11-25
- PEPE Faces Crucial Resistance Amid Price Stagnation 11-25
- Solana Memecoin Bullish Pepe to Skyrocket 18,000% Before Exchange Listing, As Bonk and SHIB Drop 11-25
- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com