Altcoins
PEPE PRICE ANALYSIS AND FORECAST (July 16) – Altcoins rally: Pepe leads today’s rally with a 30% gain
Amid the latest market rally, meme coins are re-emerging with Pepper with gains of over 50% in the last week. It is the daily spotlight of cryptocurrencies after a breakthrough of the key resistance, which is leading the rally of altcoins.
In late May, Pepe began a decline and began to lose momentum after printing a new high in the $0.000017 area. That decline led to a six-week correction and the price dropped to around $0.0000076 at the beginning of this month.
However, it held firmly above that price level and initiated a buy after a week of consolidation. The bulls reappeared and the market began to show strength again.
Trading has become much more interesting this week as volatility has increased significantly and the meme coin has gone through its most volatile buying period in over a month. However, the week has just begun. So, we can expect a larger price movement in the coming days.
Since the market started to recover from the recent decline, speculation has changed to the positive and as we can see, Pepe now maintains a bullish sentiment after the impressive rally of the last 48 hours.
Without a doubt, the sentiment is expected to last a long time to set the market into a new buying phase. The bears have lost control. If they somehow find their way back into the market, we could see a retracement before resuming the impulsive bullish move.
Key PEPPER Levels to Watch
Source: Commercial view
Pepe is currently facing the $0.0000135 level. If the price breaks out of this level in the next few hours, the next area of interest to buy would be the $0.0000158 and $0.0000172 resistance levels.
There are no bearish signals at the moment. But if they show up, the market could retrace to $0.0000108 and possibly $0.000009. There is also support at $0.0000076 in case of a breakout.
Key resistance levels: $0.0000135, $0.0000158, $0.0000172
Key Support Levels: $0.0000108, $0.0000092, $0.0000076
- Spot price: $0.0000188
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your own research before purchasing any cryptocurrency or investing in any service.
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