Pepe Coin's Pep Rally: PEPE Propels Potential Push Past $0.1

Pepe Coin’s Pep Rally: PEPE Propels Potential Push Past $0.1

Updated: 07 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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PEPE has dropped by 0.1% in the last 24 hours. At the time of writing, PEPE was trading at $0.000000793.

PEPE has been on a bearish momentum over the past week, with a 7-day drop of 8.6%.

PEPE’s rally will be created once whales start accumulating. Trading volumes are up by 28% in the last 24 hours, and if buying activity strengthens, then more gains lay ahead.

PEPE’s volatility remains low in the last 24 hours, with the price trading between $0.000000778 and $0.000000806. Selling activity and lack of buying pressure have opposed any gains.

However, PEPE’s selling activity has likely subsided with volatility levels cooling down, and the token could steadily recover.

PEPE Continues To Struggle – Signs Of A Reversal?

The 7-day PEPE price chart shows a notable attempt at recovery. On September 1, PEPE fell to a 7-day low of $0.00000076 before bouncing off these levels.

The token has overcome the resistance of $0.00000080 severally over the past week, but sellers appear to have placed sell orders at this price.

PEPE needs to hold levels past $0.00000085 for the uptrend to hold and return to late August levels of $0.00000090.

The price movement appears weak, making a case for the bears. PEPE appears to be finding support at $0.00000077; if this price fails to hold, PEPE will drop to monthly lows.

PEPE Traders Undecided As Struggle Continues

PEPE’s price chart shows a significant downtrend.

The price has tested a key resistance at $0.00000081 severally before facing rejection. This price was initially a support level before the bearish momentum intensified.

The Awesome Oscillator shows that bearish forces are driving PEPE’s price. The AO is negative, making a case for the bears. However, the green bars hint at a possible trend reversal.

As portrayed by the stagnating Relative Strength Index (RSI) line, buyers and sellers are inactive. An RSI of 31 shows selling activity, but sellers might now be exhausted.

Whales Are Exiting

The steady downtrend appears to be keeping whales at bay. A recent tweet by Lookonchain showed that three wallets had deposited 1.5 trillion PEPE tokens, valued at around $1.2 million, to Binance at a loss.

An hour ago, 3 wallets (probably the same person) deposited 1.5T $PEPE ($1.2M) into #Binance at a loss of $242K.

These 3 wallets withdrew 1.5T $PEPE($1.45M at the time) from #OKX after the Pepe team dumped 16T $PEPE on August 24. pic.twitter.com/StKCuGMGFZ

— Lookonchain (@lookonchain) September 6, 2023

Whales usually significantly impact price movements, and if these accounts dump their holdings to the market, PEPE will likely create lower lows.

Wall Street Memes Set For September Debut On Exchanges As Presale Continues

The Wall Street Memes presale is ongoing, with early investors rushing to buy the token at $0.0337.

WSM’s price is set to explode once the token is listed on tier 1 exchanges. Only 19 days are left before the exchange listing, and more than $25 million has been raised.

Wall Street Memes has the potential to achieve significant growth in the crypto industry because of community support. The WSM token will sustain the community’s growth and reward loyal members.

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