Pepe Price Prediction for Today June 21: PEPE Advances as It Shoots for a $0.0000015000 High

Updated: 22 June 2023

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PEPE Rallies Resume as It Shoots for a $0.0000015000 High – June 21, 2023

On June 20, Pepe rapidly recovered and broke above the moving average lines, but was halted at the 50-day SMA as it shoots for a $0.0000015000 high. A complete breakout would have indicated the return of upward momentum. As long as the crypto asset is locked between the moving average lines, it will be forced to trade sideways.

Pepe Price Statistics Data:
•Pepe price now – $0.000001391
•Pepe market cap – $545M
•Pepe circulating supply – 391,790,000,000,000 PEPE
•Pepe total supply – $580,311,231
•Pepe Coinmarketcap ranking – #

Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000
Support Levels: $0.0000011000, $0.0000010000, $0.0000009000

PEPE/USD has resumed its positive trend, rallying to a high of $0.0000014560. The positive momentum broke through the previous range bound level’s resistance to entering the overbought region, or the $0.0000015000 resistance zone. In a strong surging market, however, the overbought condition may not hold. On the plus side, if the bulls break over the resistance of $0.0000015000, the crypto asset will restart its upward trend.

Pepe is expected to reach a high of $0.0000025000. The crypto asset, on the other hand, will be forced into a range-bound move below the resistance zone where it faces rejection at the previous high.

Pepe Price Prediction for Today June 21: PEPE Advances as It Shoots for a $0.0000015000 High — PEPE/USD – 4 Hour Chart

Meanwhile, the recent price movement has confined PEPE/USD between the moving average lines as it shoots for a $0.0000015000 high. The entrapment of price movement between the moving average lines indicates that the cryptocurrency will begin a range-bound trend. When the moving average lines are broken, the price movement will continue.

Alternatives to Pepe

Pepe has made a hugely beneficial move just as the cryptocurrency is poised to resume its upward trend. The cryptocurrency must now overcome one additional barrier. That is, to break through the barrier at $0.0000015000. In the last 48 hours, the coin has risen from a low of $0.0000009103 to a high of $0.0000014560.

In a strong trend, the market will resume its upward movement after a minor retracement. The current price movement will have an impact on the rising value of Wall Street Memes (WSM) tokens. Wall Street saw a revolution in 2021. The hedge funds were shorting GameStop as long as hedge funds are still purchased and held.

As a result, even one of them, Melvin Capital, declared bankruptcy. A congressman claims cryptocurrency traders are producing riches “out of thin air,” but argues that the US government is also permitted to do so. Now that the cryptocurrency market is moving, traders will follow suit. Almost $10 million has already been raised during the presale.

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