PEPE Coin Surpasses Top Memecoins! Will Pepe’s Price Increase by 100% in March?
By:C, FionaThe Pepe memecoin has been showing a lot of bullish momentum recently. The Pepe coin price has increased by almost 37% in the last day and 161.23% overall this month, demonstrating the currency’s strong bullish influence in the market.
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For over two weeks, the PEPE price fluctuated in a confined band between $0.00000086 and $0.00000109. Then, in just three days, the price saw an increase of more than 33%. But the bulls were rebuffed at the $0.00000137 resistance level, and the price exhibited a neutral trend for the following nine days.
Due to the rising market volatility, the bulls tried to break through the resistance level numerous times but were unsuccessful each time. Following this, the price moved flat for a little while until the bulls managed to break clear of the resistance level and record a 52.55% jump within 24 hours.
Just recently, Pepe Memecoin got some steam again and saw its worth increase by almost 34%. However, the price encountered resistance at $0.00000280 and remained flat for some time. The Pepe coin is now conducting an unanticipated breakout test.
A steady green histogram on the MACD technical indicator shows that there is a lot of purchasing pressure in the cryptocurrency market. In addition, there is an upward trend in the averages, which bodes well for the price’s future appreciation.
Will Pepe Coin Price Rise?
Once the price breaks through the $0.00000280 resistance level, the bulls will be able to reclaim the lead and drive the price to $0.00000315, the upper barrier level. In addition, it will keep going higher and get ready to challenge its ceiling of $0.00000350 if the bulls keep their grip.
If, on the other hand, bears take over the market from bulls, we should expect to see the PEPE price lose steam and drop to $0.00000245, a support level.
In the following weeks, it will likely test its lower support level of $0.00000209 if the bears maintain their dominance of the market.
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