- PEPE is holding steady, with price action showing gradual upward movement.
- Trading volume remains strong, reflecting continued interest from investors.
- Key resistance and support zones will dictate the next breakout or pullback.
PEPE has been moving in an upward direction, showing resilience despite market fluctuations. Over the last 24 hours as seen in the CoinGecko chart, its price ranged from $0.0005781 to $0.0008569, indicating both buying and selling pressure at play. Right now, the token is hovering around $0.0008327, maintaining its momentum after recovering from a brief dip earlier in the day.
The price action suggests that PEPE is finding a stable ground, with buyers stepping in whenever the price pulls back. However, it’s still facing resistance near $0.0008569, meaning a breakout beyond this level could trigger further upside movement. If it struggles to push through, a short-term retracement might be on the horizon.
High Trading Volume Keeps PEPE in the Spotlight
One of the most notable aspects of PEPE’s recent performance is the strong trading volume, which has hit $802 million in the past 24 hours. When a meme coin maintains such high volume, it typically means there’s still a lot of market interest, whether from retail traders looking for quick profits or long-term holders accumulating.
While high volume can indicate strong demand, it also suggests that sellers are still active. If volume remains elevated while the price trends upward, it signals sustained interest. But if volume spikes and the price starts dropping, it could mean traders are cashing out, leading to a potential cooldown.
What’s Next? Key Levels to Watch
PEPE’s next move will largely depend on whether it can break past its $0.0008569 resistance zone. If buyers continue pushing, we could see a test of higher levels, potentially leading to another strong rally. But if the price gets rejected again, a retest of support near $0.0007819 might be on the table.
The $0.0007800-$0.0007900 range has acted as a key support level, meaning that if the price pulls back, this area could see renewed buying interest. However, if PEPE falls below that, it might face further downside pressure before attempting another recovery.
For now, PEPE remains in a strong position, with steady volume and a gradual uptrend. Whether it continues its push higher or consolidates for a while, traders will be watching closely to see where it heads next.
The Origins of PEPE
PEPE was launched in April 2023, inspired by the iconic Pepe the Frog meme. Unlike some other meme coins that try to build utility, PEPE leans entirely on its community and market hype to drive demand.
Despite its lighthearted nature, PEPE has secured a strong position in the crypto space, proving that meme coins can still attract serious market interest. Whether it keeps climbing or faces another pullback, it remains one of the most closely watched tokens in the space.
