PEPE Is Drifting Sideways As It Restarts Its Bullish Trend – June 3, 2023
PEPE/USD has fallen below the lines of the moving average as it restarts its bullish trend. The crypto asset quickly rose above the 21-day SMA and began to reverse upward once more. However, the altcoin came to a halt at a resistance level of $0.0000013500. The market’s overbought region is where rejection is occurring. PEPE’s upward trend will resume if buyers can break through the resistance at $0.0000020000.
Pepe Price Statistics Data:
•Pepe price now – $0.000001277
•Pepe market cap – $500,438,297
•Pepe circulating supply – 391,790,000,000,000 PEPE
•Pepe total supply – $537,308,480
•Pepe Coinmarketcap ranking – #
Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000
Support Levels: $0.0000011000, $0.0000010000, $0.0000009000
PEPE is rising and is in a range. Buyers are hoping to restart a bullish trend as they seek to keep the price above the moving average lines or break through the barrier at $0.0000020000. At the time of publication, the altcoin was trading for $0.0000012980. Today, buyers pushed the altcoin to a high of $0.0000013500 in the resistance zone before retreating. The price of PEPE will rise to a new high of $0.0000014000 if the current barrier is breached. If buyers are unable to overcome the most recent high, the consolidation will keep on. The upward advance is stopped at the high of $0.0000013500 as the market keeps settling.
In the meantime, PEPE gets entrapped between the moving average lines in a shorter time frame as it restarts its bullish trend. The assumption is that the market is likely to stay range-bound for a few days. The altcoin will trend when the moving average lines cross its line. However, when the bears breach the 21-day SMA, the altcoin will come under stronger selling pressure.
Alternatives to Pepe
PEPE/USD is now drifting sideways due to its range-constrained condition. The cryptocurrency is priced between $0.0000010000 and $0.0000020000. Buyers are putting a lot of effort into getting past the resistance and restarting the bullish trend. Similar to this, the Wall Street Memes (WSM) effort is making success while continuing to rise.Wall Street Memes are objectifying the movement. Join the WSM army right away to show that greed is a highly positive trait. Take charge and buy WSM tokens during the presale using ETH, BNB, USDT, or a credit card to get them before they list on DEX. About $3 million has already been raised during the presale.
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