PEPE Price Charts Show New Momentum
PEPE is trading just below its 24-hour high of $0.00000978. Recently, bulls have been buying the token near $0.00000970. Higher lows mean that things are building up.
Most of the candles on the 15-minute chart are green. Buyers are still coming in strong. This makes people think that resistance might break soon.
Key Metrics Highlight Active Market Interest
In the last day, 3.60 trillion PEPE were traded. This means that the business made about $34.74 million. This kind of liquidity keeps things going.
The price has stayed between $0.00000954 and $0.00000978. People in the market see this range as a time to settle down before making a big move.
Bulls Protect Local Support Levels
Support in the short term is between $0.00000970 and $0.00000972. There is a lot of demand for this zone. Buyers are still doing a good job of defending it.
$0.00000954 is still a strong support level. If it breaks below this point, sellers could take over. Bulls keep going until then.
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Resistance Levels Stop Further Progress
The first level of resistance is $0.00000978. Bulls have tried this level many times. A clean break would make higher goals possible.
$0.00000990 and $0.00001000 are two upside goals. If the momentum is strong enough, the price could even go up to $0.00001020. Traders are getting ready for a possible rise.
PEPE’s Price at Risk of Entering a Tight Range
If PEPE doesn’t break through $0.00000978, trading in a range will go on. The price could stay stuck between $0.00000970 and $0.00000978. This would make it hard to break out.
If the price drops below $0.00000970, more selling could happen. The downside targets are $0.00000960 and $0.00000954. Then, momentum would be on the side of the bears.
Bullish Breakout Remains the Main Focus
Most traders still think that a bullish breakout will happen. Patterns of accumulation and strong defense at support suggest that pressure is rising.
If it clears $0.00000978, it will confirm momentum. Then, bulls could try to reach $0.00001000 or more. Traders who only trade for a short time are becoming more sure.
PEPE Price Today: A Positive Outlook for a Short-Term Rally
PEPE is holding steady near resistance with strong support still in place. The state of the market makes a breakout likely. Traders are keeping a close eye on things.
The next step depends on the $0.00000978 resistance. A breakout would show strength, but a rejection could slow things down. The short-term outlook is positive.
