Pepe and several top meme coins are painting greens today, posting double-digit gains in the past 24 hours. Following the latest surge, the price appears strong, advancing bullish on the day.
The past months have been rough and tough for most meme coins as they dropped heavily to their multi-month lows. This came as a result of wide correction, but they recently found a solid ground.
Meanwhile, Pepe mounted support two weeks ago and started to show signs of recovery, although it was less significant due to low volatility. This led to a serious squeeze throughout last week and closed at a loss.
However, this week has been interesting for Pepe and other top meme coins as they find their way back into buying mode after struggling with volatility since they rebounded over the past weeks. This bearish break may last long if the bulls show strong commitment in the coming days.
Failure to commit strongly might bring an end to the latest surge. This may trigger a new sell order capable of rolling the price back before breaking down the current monthly low. If the bulls defend the monthly low well, we may see a fresh increase with a new bullish pattern.
Pepe’s Key Levels To Watch
Source: Tradingview
The current surge is targeted at the $0.0000108 resistance. If the price increases above this resistance, a higher level to consider for a test would be $0.0000127 and potentially $0.0000148.
Resuming the downtrend, the $0.000007 and $0.000006 levels might pose a threat before reclaiming the monthly low of $0.00000522. Losing it could send the price to a low of $0.000004 in the near term.
Key Resistance Levels: $0.0000108, $0.0000127, $0.0000148
Key Support Levels: $0.000007, $0.00000522, $0.000004
- Spot Price: $0.0000089
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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