Pepe

Pepe has been showing negative momentum in recent trading sessions, with a loss of 2.19% in the last 24 hours. The current price of $0.0000081700 represents a significant level for traders and investors.

Key Insights:

• Pepe is trading within its established 24h range between $0.0000080900 and $0.0000084600.
• Trading volume of $410.9M is accompanying the downward pressure, indicating moderate market participation.
• Market capitalization stands at $3.4B, establishing it as a major altcoin.
• Circulating supply is 420,690,000,000,000 PEPE (100.0% of maximum supply), which may impact price discovery as the remaining supply enters circulation.

Market Outlook:

The short-term outlook for Pepe appears mixed based on SMA analysis. Price action suggests consolidation or a lack of clear directional bias. Key resistance lies near the 24-hour high of $0.0000084600. The asset is challenging support near the 24-hour low of $0.0000080900. Trading volume remains high (11.9% of market cap), suggesting significant market interest. The RSI indicator is currently neutral (61.1). MACD histogram is neutral (near zero). Price is currently above the 50-day SMA ($0.0000076750). The longer-term 200-day SMA is at $0.000012872. Potential catalysts include project milestones, partnership announcements, and overall market sentiment shifts. As always, proper risk management is advised given the inherent volatility of crypto markets.