Pepe Price Falls Near The Bottom Of Range, Can PEPE Crash More?
The post Pepe Price Falls Near The Bottom Of Range, Can PEPE Crash More? appeared on BitcoinEthereumNews.com. Pepe crypto price witnessed a consolidation of over 40 intraday sessions near the recent low. The crypto price has been hovering in a 20 to 25% range with none of the bulls and bears dominating the trend. Recently, the bears have dragged the price down to the lower range of consolidation indicating the dominance of negative momentum in the recent sessions as well as in the intraday session, as the crypto price is down over 4.49%. Moreover, the price chart analysis over the daily timeframe elaborates that Pepe’s price has been respecting the 50-day EMA continuously since it slid below. The crypto hovers at the lower boundary of the range and might show a breakdown if the selling pressure continues. The volume analysis shows that the Pepe crypto price has a trading volume of $46.693 Million in the past 24 hours which is 22.17% more than the last day. The PEPE crypto has a market cap of $249.058 Million and ranks 104th in the crypto market. The volume-to-market-cap ratio is 18.46% indicating high volatility in the market. Pepe Price Might Show Breakdown Of The Consolidation Source: PEPE/USD By TradingView Pepe crypto price trend seems to be bearish, dominated in the short term, and trigger a breakdown soon. The breakdown below the consolidation may drag the price to the lower support levels. Moreover, the bulls need to accumulate at the lows and surge the price to break above the range in order to turn the trend in their favor. However, it requires more buyers to participate and surpass the 50-day EMA. Technical Indicators Signal An Indecisive Trend Source: PEPE/USD By TradingView At press time, RSI lines are showing a frequent crossover of the SMA line indicating an indecisive trend at the moment. The MACD lines are signaling a neutral to bearish…
The post Pepe Price Falls Near The Bottom Of Range, Can PEPE Crash More? appeared on BitcoinEthereumNews.com.
Pepe crypto price witnessed a consolidation of over 40 intraday sessions near the recent low. The crypto price has been hovering in a 20 to 25% range with none of the bulls and bears dominating the trend. Recently, the bears have dragged the price down to the lower range of consolidation indicating the dominance of negative momentum in the recent sessions as well as in the intraday session, as the crypto price is down over 4.49%. Moreover, the price chart analysis over the daily timeframe elaborates that Pepe’s price has been respecting the 50-day EMA continuously since it slid below. The crypto hovers at the lower boundary of the range and might show a breakdown if the selling pressure continues. The volume analysis shows that the Pepe crypto price has a trading volume of $46.693 Million in the past 24 hours which is 22.17% more than the last day. The PEPE crypto has a market cap of $249.058 Million and ranks 104th in the crypto market. The volume-to-market-cap ratio is 18.46% indicating high volatility in the market. Pepe Price Might Show Breakdown Of The Consolidation Source: PEPE/USD By TradingView Pepe crypto price trend seems to be bearish, dominated in the short term, and trigger a breakdown soon. The breakdown below the consolidation may drag the price to the lower support levels. Moreover, the bulls need to accumulate at the lows and surge the price to break above the range in order to turn the trend in their favor. However, it requires more buyers to participate and surpass the 50-day EMA. Technical Indicators Signal An Indecisive Trend Source: PEPE/USD By TradingView At press time, RSI lines are showing a frequent crossover of the SMA line indicating an indecisive trend at the moment. The MACD lines are signaling a neutral to bearish…
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