Can Pepe Coin Price Hit $0.000017 as 1.8T PEPE Transacts in Loss?
Pepe Coin price shows signs of recovery after a bearish week, raising speculation about a potential move to $0.000017. The market has seen renewed optimism, with Bitcoin (BTC) approaching $100,000. Meanwhile, PEPE is holding above a crucial support level despite 1.8 trillion tokens transacting at a loss, fueling discussions about its next price direction.
Will PEPE Hit $0.000017 as 1.8T Tokens Move at a Loss?
The Pepe Coin price has shown increased volatility as its daily on-chain transaction volume in loss reaches 1.38 trillion PEPE. This figure reflects the total amount of PEPE transacted at a loss within a single day, indicating heightened selling pressure. When large token volumes are moved at a loss, it often signals panic selling or investor capitulation. This trend can contribute to downward price momentum as more holders exit their positions to cut losses.
If selling pressure eases and demand strengthens, the meme coin could regain momentum toward the $0.000017 mark. However, sustained losses without renewed buyer interest could prolong the downturn, keeping PEPE at lower price levels. Investors will closely watch market sentiment and exchange supply dynamics to assess whether a reversal is happening.
Pepe Coin Eyes Major Breakout: Key Levels to Watch
The price of Pepe coin is at $0.00001044, reflecting a 9.43% increase within the current trading session. The memecoin has entered a crucial phase, with a significant resistance level at $0.0000117. If PEPE successfully flips this barrier into support, this projects a potential rally of 50%, driving prices toward $0.00001785.
The chart highlights a key price range Pepe has historically consolidated, creating a strong zone of interest for traders. A decisive breakout above $0.0000117 could trigger bullish momentum, potentially setting the stage for further gains.
Conversely, if the price fails to sustain current levels and breaks below $0.00000925, downside pressure could intensify. Such a move could result in a 26% drop, dragging Pepe’s value down to $0.00000688. The composite volume profile suggests heavy accumulation within the marked range, further emphasizing the importance of these price levels.
A breakout above resistance could fuel a strong uptrend, while a failure to hold support may lead to a steep correction.
With the bullish seeming to be gaining trend, the crypto market has seen a slight rebound, with BTC nearing $100k. The global crypto market cap is $3.23T, a 1% surge over the past 24-hours.
If the bullish trend in BTC continues, the PEPE price could surge by 50%, fueling other crypto markets.
The Pepe Coin price action movement hinges on overcoming key resistance at $0.0000117. A breakout could trigger a rally to $0.000017, while failure to hold support risks a deeper correction.
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