PEPE Has a Strong Tendency to Rise When It Pauses

PEPE Holds as It Has a Strong Tendency to Rise When It Pauses – July 9, 2023

PEPE/USD retraces above the moving average lines as it has a strong tendency to rise when it pauses. As it established support above the $0.0000015000 low, the crypto asset has experienced bearish exhaustion. The bears twice challenged the current support before making an upward correction. In addition, the altcoin has returned to its former range-bound zone.

Pepe Price Statistics Data:
•Pepe price now – $0.000001554
•Pepe market cap – $608.68M
•Pepe circulating supply – 391.79T PEPE
•Pepe total supply – $653.95M
•Pepe Coinmarketcap ranking – #68

Resistance Levels: $0.0000019000, $0.0000020000, $0.0000021000
Support Levels: $0.0000015000, $0.0000014000, $0.0000013000

Following a recent rejection from an overbought market zone, the crypto asset is in decline. PEPE has retreated to its previous range-restricted zone. The altcoin has been fluctuating above $0.0000015000 for the preceding 48 hours after testing the present support twice.

For the next few days, the altcoin will be forced to move in a range between $0.0000015000 and $0.0000017000. However, selling pressure will return if the bears violate the current support or fall below the moving average lines. Nonetheless, PEPE is at Relative Strength Index level 54 for period 14 as it has a strong tendency to rise when it pauses.

The crypto asset is in a positive trend and may rise to prior highs. PEPE/USD has retraced above the moving average lines, indicating that it has resumed consolidation above them. Doji candlesticks have formed above the moving average lines, indicating hesitation between buyers and sellers. If the present support holds, PEPE will rebound and break above the initial resistance, rallying above the $0.0000019000 high.

Pepe Alternatives

Following the current downturn, cryptocurrency has stalled above the moving average lines. The altcoin has a significant tendency to rise when it is above the moving average lines or in the positive trend zone. PEPE fails to break through the resistance at $0.0000019000 during the first rise.

PEPE will resume upside momentum if it breaks through the resistance at $0.0000020000. The market will rise to a high of $0.0000045000.The Wall Street Memes (WSM) coins are trading higher than the moving average lines. Buyers are constantly drawn to each market segment.

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