Will PEPE Crypto Continue to Surge Toward the $0.0000019 Level?

• The PEPE crypto has broken out and is following a bullish trend.
• In just the last 14-day the PEPE crypto price has advanced by 75.4%.

The volume of the PEPE crypto has advanced by 4.98% in the last 24 hours but the market cap has declined by 2.83%. It indicates the PEPE crypto price has also witnessed a decline of the same percentage. The resulting market cap of the PEPE coin is $492.13M.

As per CoinMarketCap, the market cap ranking for the PEPE crypto is 75 and the resulting traded volume is $137.64M. It further leads to a volume/market cap ratio of 28.67%. The circulating supply for the crypto is 417.06T PEPE, which is 99.14% of the max supply. The max supply of the crypto is 420.69T PEPE.

The current market cap dominance of the PEPE crypto is 0.037%. The crypto also made an all-time high of $0.00000431, the crypto price has declined by 72.81% since then. 

PEPE Derivatives Analysis

A clash between the buyers and sellers can be seen in the derivatives data in the last 24 hours. It is because the resulting long liquidation of the crypto is $274.43K and following it the short liquidation has resulted in $226.01K. The liquidation figures are so close to each other.

PEPE Crypto Technical Analysis

a by writer11_gsm on TradingView.com

After consistently declining for a long period,  the PEPE meme broke out above its bearish structure. Crypto is currently following a bullish higher-high pattern. After a consistent advance in the PEPE crypto price, it is currently taking a pause and accumulating itself for the trend continuation to higher levels. 

It also has broken out above the 50-day EMA on the daily charts. The RSI for the crypto has also advanced to overbought zones. It shows the strength in the trend and the RSI is currently trading at a level of 69.60. 

Conclusion

The PEPE crypto price is consistently advancing to higher levels making higher highs. It is currently in the accumulation phase and taking a pause as visible in derivatives data. Therefore, as soon as the PEPE crypto price breaks above the level of $0.00000137, it can hit higher levels of 0.00000190.

Technical Levels 

• Support levels– $0.00000060 and $0.00000085
• Resistance levels– $0.00000145 and $0.00000190

Disclaimer

The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.