While leading crypto assets are following the uptrend and strengthening their positive trend, meme coins have also attracted significant attention in the market. Additionally, the Bitcoin price exceeded the $44,000 mark, causing meme coins to experience significant jumps in value over the past day. PEPE The price briefly traded in a tight range between $0.00000113 and $0.00000123, after which the market gained momentum and the price broke out of the range.
After this, Pepe Coin Its price received a rejection at $0.00000136 and traded sideways for a while with minor price fluctuations. Meme coin then lost momentum and broke the $0.00000123 support level. Meme coin traded in a consolidated range between $0.00000113 and $0.00000123 for more than a week.
After multiple failed breakout attempts, the price lost momentum, causing a crash. The price traded in a closed area between $0.00000103 and $0.00000113 until the end of November.
December started positively as it witnessed a golden crossover occurring at EMA 50/200. Following this, the price gained significant momentum and gained 44% before being rejected at $0.00000163. The price has been trending sideways since then.
Koinfinans.com As we reported, the MACD displays a steady green histogram from the beginning of the month. This highlights a huge buying and selling pressure going on in the market. Additionally, the histogram recorded a fading pattern, suggesting that the price will lose momentum.
Will PEPE Price Reach $0.000002 Soon?
If the bulls sustain the price above the $0.00000154 support level, Pepe price will gain momentum and prepare to test the $0.00000163 resistance level. Also, if the market holds the price at this level, it will test the upper resistance level at $0.00000170.
Conversely, if the trend reverses, the price will lose momentum and drop to test the support level at $0.0000146. Moreover, if the bears gain strength, the price will decline further and test the lower support level at $0.00000136. If the bears continue to dominate the market, it will continue to lose value and will test the critical level of $0.00000123 by the end of the month.