PEPE Price Forecast: Can PEPE Sustain The Current Lows?

• The long/short ratio for the PEPE in the last 24 hours is 0.9335.
• PEPE crypto is showing a decline of -6.87% in trading volume in the last 24 hours.

Price Data of The PEPE

Derivative volume for PEPE has declined by -6.41% and the Open Interest has increased by +6.29%. It shows the lack of interest of traders in the token. The current open interest stands at $19.30M and the volume is $137.48 Million.

The circulating supply for the PEPE is 391.79T PEPE and the total supply for the coin is 420.69T PEP. The fully diluted market cap of PEPE is $459.11 Million.

As per Coingecko, the market cap dominance for the crypto is 0.041%. It has a volume/market cap ratio of 0.1263. That caused an all-time low of $0.000000055142. The market is currently trading 1,881.19% above the price.

PEPEUSD Technical Analysis 

The price of the PEP has been consistently declining from its highest level. It is making a lower low structure resulting in a downtrend.

Due to the ongoing fall in the price of PEP crypto, the EMA’s have led to a death cross on charts. The crypto is trading below the both 20-day and the 200-day Exponential Moving Average.

The RSI for the PEPE coin is weak on charts. It tried to break above 50, but it could not sustain above the same level. If the RSI in the future hits the level of 70, we can witness a change in the trend of the PEPE coin.

Technical overview of PEPEUSD

The technical summary is showing a sell signal for the stock because it’s weak on the daily timeframe. Out of 26 indicators, only 3 are bullish, while 13 are bearish, and 10 are neutral. This means that the price is likely to go down further.

Conclusion

PEPE price is consistently declining from higher levels leading to a continuous downtrend in the chart and there is no sign of bullishness or change of trend.

Therefore, the price may decline more in the upcoming days.

Technical Levels

• The support levels for the PEPE coin are – $0.000000835 and $0.000000944
• The resistance levels for the PEPE coin are – $0.000001452 and $3.000001889

Disclaimer

The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.