Pepe Coin Shows Bullish Signs Amid Market Volatility

The price of Pepe coin (PEPE) has remained relatively stable despite the bearish pressure that has been witnessed in the recent past. Since PEPE has been trading near the lower trendline of the rising wedge pattern, the price action indicates that the lower trendline could offer support. At the moment, PEPE is trading at $0.000012 with a 24-hour trading volume of $552,206,427, which is a 0.40% increase in the past 24 hours.

The chart analysis shows that PEPE has had higher trading volume and market cap, which may lead to higher prices. Even though the price has recently declined, the increase in volume suggests that investors are paying more attention to it and it may be on the verge of rising again. Some of the levels to watch for as resistance levels are $0.000015 and $0.000020, while the support levels are at $0.000010 and $0. 000008.

SHIB Trades Near Support of $0.000010

PEPE price analysis reveals that PEPE has pulled back to $0.00001196, which is slightly higher than the recent low levels. The 4-hour chart shows that PEPE is trading above the immediate support level of $0.00001188, with the price indicating a consolidation around the 50-SMA. The AO shows a bearish trend, but the green bars indicate that there is a chance of a bullish turn if the buying pressure rises.

At the moment, PEPE is experiencing some level of resistance at $0.00001387, a level that needs to be crossed for a continuous upward movement. The support at $0.00001000  is crucial to keep  as it is, as its decline might signal a deeper bearish trend. Market activity and trading volumes indicate mixed feelings, which suggest that investors are gradually regaining confidence. The overall trend is still sideways with some bullish signals if PEPE can hold the current support levels and move above the resistance levels.