PEPE Coin (PEPE) Market and Price Analysis

The PEPE coin price was highly volatile, resulting in a volatility of 15.33%. This could lead to uncertain future spikes in the coin's price.

The PEPE coin price showcased a volatile nature with an observed volatility of 15.33%. As per the analysts, the crypto sentiment had turned bearish.

The market cap of the PEPE coin remained flat over the last 24 hours, reflecting a market cap value of $3.386 Billion. This further positioned PEPE as the 25th largest cryptocurrency in the global crypto market.

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Moreover, a decline of 44% was observed in the crypto’s traded volume. This resulted in a traded volume of $1.159 Billion in the last 24 hours from press time.

This was followed by a high liquidity of 34.32%, facilitating easier buying and selling of the coin in different market conditions.

The circulating supply of the coin was 420.689 Trillion as of writing, which constituted 100% of the maximum and total supply. This resulted in a fully diluted market similar to its spot market cap.

PEPE coin also maintained a strong market presence, as its market cap dominance was 0.17%. PEPE had a total of 269K holders, and 45.5% of the total supply was held by the top 10 holders.

The coin’s number of holders had consistently advanced over time. Also, the largest crypto holder alone held 22.1% of the total supply, amounting to 92.975 Trillion PEPE.

Pepe Coin Derivatives Data Analysis

Both longs and shorts were liquidated in nearly equal amounts in the coin price over the last 24 hours. This indicated a sign of volatility in the price of the PEPE coin.

The derivatives traded volume value showed a decline over the last few days. In the previous 24 hours, a decline of 52% was recorded. This resulted in a traded value of $996.96 Million and indicated a decline in traders in the coin derivatives.

Following this, the open interest in crypto also declined by 21%, reflecting a decrease in the number of open positions.

Pepe Coin Technical Analysis

The PEPE price witnessed profit booking over the last few days. It declined by 55% in the last two and a half months. This showed that the sellers dominated the coin’s price.

Furthermore, the declining nature of the coin price resulted in a falling wedge pattern on the daily chart. The crypto price further declined below the same pattern, followed by a strong bearish candle formation.

Pepe Coin Technical Indicators Overview

The 50-day and 200-day EMAs formed a golden cross, whereas the 20-day and 50-day EMAs formed a death cross. This indicated a bearish price trend in the short term, and it declined below the 200-day EMA.

PEPE/USD Chart by TradingView

The MACD indicator showed a strong sell signal on the chart as the MACD and the signal line declined in a negative trajectory.

The RSI also hit the oversold zone and traded at a level of 36 at the time of writing. It also declined below the 14-day SMA and was sustained on a negative trajectory.

The PEPE coin price might find support at the levels of $0.000001090 and $0.00000401. This was followed by the resistances of $0.00001310 and $0.0000170.

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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