Pepe Coin Pumps 5% To Try To End Month On A High But Smart Money Targets This Crypto Gambling Presale
2023's break-out memecoin Pepe Coin (PEPE) has exploded +5% as market interest returns to the beloved token - but with PEPE pipped for top place by Wall Street Memes (WSM) - can Pepe coin end the month on a high?
The Pepe coin bounce back coincides with a +91% 24-hour rise in trading volume that has seen PEPE return to the top 30 cryptocurrencies (by volume).
OKX has taken note of the dramatic move, with their popularity algorithm identifying PEPE as the #2 most watched coin over the past 24-hours, pipped only by recently launched Wall Street Memes.
Amid the come back, Pepe coin has pushed higher into the trading channel, with PEPE currently trading at a market price of $0.00000071 (representing a 24-hour change of -2.74%).
This comes as Pepe coin reclaims vital lifeline support from the descendant 20DMA, which had acted to suppress upside price action for 41-days from August 15 to September 25.
With consolidation seemingly successful atop the 20DMA, price action is now intent on pushing up, with an ongoing resistance test at the $0.0000008 price level forming the key area to watch.
PEPE's indicators suggest that smashing through this level could be possible, with the RSI remaining cooled-off with minor bullish divergence at 47 - suggesting PEPE price remains oversold at these levels.
While the MACD has shifted positive to display minor divergence at 0.00000002.
Overall, this leaves PEPE in strong form - with solid under footing from the 20DMA matched by bullish sentiment confirmed by two key indicators - all eyes are now on $0.0000008 to see if Pepe coin can break high.
In the event of a break-out from resistance here, then price is targeting higher support at $0.00000105 (a potential +45.8%).
While if PEPE is rejected by
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