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PEPE Is Essentially Stable as It Begins a Positive Trend – July 14, 2023
Following the uptrend that began on June 23, PEPE has been forced to trade in a range as it begins a positive trend. The coin reached a high of $0.0000017737 before beginning a horizontal trend. The price of the altcoin has been ranging between $0.0000015000 and $0.0000017000 for the past two weeks.
Each time PEPE retests the $0.0000018000 resistance zone, the crypto’s price will decrease to the range-bound zone.
Pepe Price Statistics Data:
•Pepe price now – $0.00000176
•Pepe market cap – $689.54M
•Pepe circulating supply – 391.79T PEPE
•Pepe total supply – $743.99M
•Pepe Coinmarketcap ranking – #63
Resistance Levels: $0.0000019, $0.0000020, $0.0000021
Support Levels: $0.0000015, $0.0000014, $0.0000013
Buyers expect to break through the $0.0000018000 resistance zone following the June 23 advance. PEPE/USD has struggled to break through the $0.0000018000 to $0.0000020000 resistance zones. PEPE will fall to the range-bound zone each time the resistance zones are retested.
The pricing range bound zone has been between $0.0000015000 and $0.0000017000. Nonetheless, the resistance zone has been labeled as overbought. On the plus side, if buyers break through the resistance zone, the crypto asset will resume its upward trend.
The cryptocurrency is expected to grow and retest its previous high of $0.0000045000 as it begins a positive trend. Meanwhile, the cryptocurrency’s price is climbing as it approaches the resistance level. As it reached the resistance zone, PEPE broke over the top price range. Buyers’ sole problem is that they have failed to keep the price above the resistance zone.
The Relative Strength Index for period 14 is at 60, indicating that the altcoin has the potential to rise to its prior high.
Alternatives to PEPE
PEPE/USD has been reasonably stable since the June 23 rise, as the altcoin maintains its sideways pattern in expectation of a positive trend. Given that PEPE has remained above the moving average lines, it should continue to rise and break through the resistance zones of $0.0000018000 to $0.0000020000.
The Wall Street Memes (WSM) tokens are currently climbing steadily, reaching new highs and lows. WSM is following in the footsteps of Bitcoin, the world’s largest cryptocurrency. SVB’s solvency situation differs from that of 2008’s. No bad loans or investments were made.
No money was lost, though; everyone would get their money back. But a critical question is being posed: Why are there so many people asking for investment refunds at the same time? According to reports, SVB sells equities and suffers a $1.8 billion loss.
WSM has shown to be a classy investment. So far, the presale has brought in about $13 million.
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