PEPE Exceeds a 5% Breakout Point, Increasing the Longevity Potential of Market Bull Activity

PEPE jumped over 5%, hovering around $0.0000072.
PEPE liquidations across the market amounted to $1.43 million.

A minimal upward momentum within the crypto market has raised the total market value to $2.68 trillion. The meme coin sector has produced a substantial increase as its total value breached $50.4 billion following more than 3.4% gains. The frog-themed token PEPE has risen by 5.50% during today’s session.

PEPE Price Movement and Market Stats

PEPE started its daily market activities at approximately $0.000006706 before the day began. The aggressive rise of bulls during trading pushed PEPE token to achieve its peak price position at $0.000007352. The memecoin currently holds a market position of $3.04 billion and trades at $0.000007226 while maintaining its price level.

During this period the market generated a $1.43 million PEPE liquidation. The market volume of meme coin trading reached $915 million within a continuous day.

What Lies Ahead for PEPE?

PEPE bears have launched a downward push which could transport the price to reach the $0.000006991 resistance. A sustained loss should lead PEPE to tumble until it retests the $0.0000067 support level.

If PEPE executes a trend reversal the price might start moving upwards from its current position. The resistance is expected to appear at $0.0000073 based on present market conditions. Bulls who successfully maintain their position could drive PEPE to break through the $0.0000075 resistance zone.

Technical Indicators Overview

The Moving Average Convergence Divergence (MACD) line together with the signal line currently rest below the zero line. Such crossover reveals a bearish trend along with weak momentum across the market.

The Chaikin Money Flow (CMF) indicator shows a value of -0.03 which indicates money streaming out of this asset. PEPE’s daily trading volume shows an upward trend which exceeds 7.70% in measurement.

PEPE shows a neutral market sentiment because its daily relative strength index (RSI) stands at 51.56. The current Bull Bear Power value of -0.00000028 indicates bulls maintain weak dominance over the market.

The views shared in this article originate purely from the author. The information provides no guidance about investments. People should research PEPE independently before making monetary investments according to the recommendations of TheNewsCrypto team.