- PEPE stages a strong comeback, eyeing the $0.0000006700 resistance level.
- Potential consolidation looms as Bollinger bands converge on PEPE’s price chart.
- Rising market capitalization and trading volume signal high investor interest in PEPE.
Early in the day, bulls and bears battled for supremacy in the Pepe market until they found support around the intraday low of $0.0000006247. However, bulls regained control and drove the price back up.
Consequently, PEPE saw a significant comeback, with the price hitting a 24-hour high of $0.0000006605 before hitting resistance. This hurdle briefly paused the rising trend, resulting in a slight price shift. At press time, PEPE was priced at $0.0000006571, representing a 4.87% increase from the 24-hour low.
If the bullish trend continues over the $0.0000006605 high, the next resistance level to monitor is around $0.0000006700. If the price fails to break past the present barrier, a reversal to the support level of $0.0000006500 is possible.
During the bull run, PEPE’s market capitalization and 24-hour trading volume increased by 4.99% and 31.68%, respectively, reaching $257.46 million and $48.78 million. This spike …
The post PEPE Bulls Triumph Over Bears: Will the Rally Break Resistance? appeared first on Coin Edition.