Pepe's 0.17% Price Dip to $0.00000148: Key Takeaways
This article provides a technical analysis summary of meme cryptocurrency Pepe after its 0.17% decline over the past hour to $0.00000148.
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Pepe has a 24-hour trading volume of $36.87 million. Over the past day, PEPE dipped 1.22% against a mixed backdrop across the crypto sector.
Zooming out, PEPE has dropped 3.85% over the past week, underperforming major cryptocurrencies. More concerning is PEPE's 9.23% loss over the past month as the post-launch hype fades.
Technically, PEPE is testing support at $0.00000145 after bouncing from $0.00000135 earlier this month. PEPE must hold $0.00000145 support to avoid a steeper downtrend toward $0.00000130. Regaining the $0.00000155 level could stabilize the downtrend.
Can Viral Hype Drive a PEPE Price Recovery?
As a meme token, Pepe relies heavily on social media buzz and viral hype. If the Pepe meme regains internet popularity, this could lift PEPE demand. However, meme hype is often short-lived, making PEPE a risky long-term investment.
What Levels Could See PEPE Regain Strength?
PEPE shows resistance at $0.00000155. A breakout above this would likely signal resurgent bullish momentum toward $0.00000165. Support sits at $0.00000145. Losing this level risks a deeper correction, with downside targets around $0.00000130. Therefore, PEPE's price action around these two key levels is worth monitoring for signs of a trend change.
