- PEPE registers lower highs after hitting a maximum price of $ 0.000001863 on the second day.
- Simple Moving Average gives PEPE a run for its money, as resistance piles.
- A breakout from the bearish flag seems out of the equation; PEPE may test the lower trend line again.
PEPE Coin has been on a roll for the last seven days after opening the trade for the week at $0.000001535. On the second day of the past week, it reached a maximum value of $0.000001863. Shortly after reaching its maximum price, PEPE started to make lower highs until the fifth day. Since the fifth day onwards, PEPE has been consolidating between $0.0000015 and $0.0000016.
PEPE/USD 1-Week Chart (Source: CoinMarketCap)
At press time, PEPE price is exchanging hands at $0.000001543 with an increase of 0.38% within the last 24 hours. Moreover, the trading volume of PEPE decreased by 7.62% to $84,760,078. This could be because the traders are leaving the market.
PEPE/USDT 4-Hour Chart (Source: Tradingview)
The above chart shows how PEPE touched the upper and lower trendlines of the bearish flag thrice. As PEPE is currently rebounding off of the lower trendline we could expect it to rise high…
The post PEPE Touches Lower Trendline of Bearish Flag, Will It Breakout? appeared first on Coin Edition.
The post PEPE Touches Lower Trendline of Bearish Flag, Will It Breakout? appeared first on Coin Edition.