Pepe Coin Finds Support After Last Week’s Surge. Time for Another Push?

On Jul 17, 2023

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Pepe Coin has found solid support after experiencing a surge last week, sparking speculation of another surge. Traders and enthusiasts are watching closely to see if Pepe Coin is about to embark on another significant rally. All eyes are on Pepe Coin as the market waits for its next move, anticipating whether it will surge again.

Pepe Coin is trading at $0.000001583 and has recorded a trading volume of $75,394 million over the past 24 hours. It has decreased by 3.99%. Looking at the bigger picture, Pepe has shown a notable surge of around 3.47%.

PEPE Statistics:

PEPE price now – $0.000001583
PEPE market cap – $620.070 Million
PEPE circulating supply – $ 391,790 Trillion PEPE
PEPE total supply – $ 420,690 Trillion PEPE
PEPE Coinmarketcap ranking – 66

Source: Coinmarketcap

Pepe Coin’s Potential Comeback: Traders Optimistic on 4-Hour Chart

Based on the 4-hour chart, traders are optimistic about Pepe’s return chances. It could recapture its past success by breaking out of the current trading range.

Pepe Coin Finds Support After Last Week's Surge. Time for Another Push? — Source: TradingView 4H Chart

If there’s a wave of selling, things could get messy. Because of intense selling pressure, the price might drop to $0.000001570 or even lower.

With the price showing promising upward momentum, traders anticipate an exhilarating spectacle. Ultimately, the delicate balance between buyers and sellers will decide what happens.

A significant surge is expected if buyers keep prices above the 50-day and 100-day moving averages. It would inject vitality into the charts, creating a vibrant upward trend.

Now let’s take a look at an intriguing market scenario. With strong momentum, the price could reach impressive heights, surpassing a formidable resistance level and possibly crossing $0.000001900.

Furthermore, the Relative Strength Index (RSI) is above 50, indicating that the market price could soon rise. These signals have the potential for remarkable gains, which paint an optimistic picture.

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