PEPE Faces Crucial Resistance Amid Price Stagnation

PEPE Price and Trading Volume Fluctuate

PEPE currently trades at $0.00002014, marking a decline of over 30% in its daily trading volume.

Market Overview

The global crypto market capitalization hovers around $3.35 trillion, with Bitcoin (BTC) approaching $100,000.

PEPE Price Movement

PEPE has seen a significant drop in value over the past 24 hours, losing approximately 2.58%. This follows a surge on November 14th, where the price reached $0.00002484.

Opening at $0.00002074, PEPE traded between $0.00001918 and $0.00002086.

Liquidations and Whale Activity

PEPE has witnessed liquidations worth $2.60 million, contributing to a daily trading volume of $2.87 billion. A large whale has sold off 130.2 billion PEPE tokens in the past three days, totaling $68.3 million in profit.

Technical Analysis

PEPE's four-hour price chart indicates a potential bearish correction. The MACD line crosses below the signal line, signaling a possible downtrend. The Chaikin Money Flow (CMF) indicator suggests a decrease in money flow. Daily trading volume has also plunged by over 30%.

Conclusion

PEPE's current price action suggests a potential decline toward the $0.00001805 support level. However, a potential reversal could push the price higher towards $0.00002278.