Chain News Daily Official TheBitTimes.com

The Pepe price plunged over 6% in the last 24 hours to trade at $0.000009289 as of 10:41 p.m. EST as investors decrease their exposure to the meme coin. With the recent drop, the PEPE price is now down more than 40% on the weekly time frame as well. Pepe Price In A Consolidation Phase 4-hour chart for PEPE/USD (Source: GeckoTerminal) The Pepe price has been in a consolidation phase between $0.000008683 and $0.000010382 over the past few days, data from GeckoTerminal shows. This period of sideways trading might be the build up to a big move for the frog-themed meme coin. In recent hours, the Pepe price has started to drop towards the lower boundary of the consolidation channel at $0.000008683. Should it fall below this point within the next 24-48 hours, the crypto might be at risk of plunging to as low as $0.000007292 in the short term. On the other hand, traders identifying PEPE’s current levels as a buy opportunity could lead to a more bullish scenario playing out. The P...

The Pepe price surged 13% in the last 24 hours to trade at $0.00001056 as of 00:37 a.m. EST on trading volume that skyrocketed 78% to $2.2 billion. This comes as the meme coin space surged 8% in the last 24 hours to reach a market capitalization of $55 billion. Top meme coins DOGE and SHIB climbed 4% and 6%, respectively. Pepe Price Could Continue Soaring The Pepe price recently invalidated the rounding top pattern, soaring from the $0.00000841 support level, according to data from GeckoTerminal . The current upsurge resulted in the price of Pepe now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sustained uptrend. The Relative Strength Index (RSI) is at 67.59, nearing the overbought zone (above 70). This shows that buying pressure is increasing, but the price could soon approach an overbought condition, which could lead to some profit-taking or consolidation. However, there’s still room for more upward movement before reaching extreme...