CandleFocus PEPE Eyes Key Levels in Bid for 60-Day Breakout
2024-10-31
Author: Content Editor
The price of the Pepe meme coin (PEPE) has been trading within a set range throughout October, with resistance at $0.000010 and support at $0.00000084. However, with the growing demand for meme coins, PEPE is poised to break out and potentially reach a 60-day high of $0.000012. On-chain data shows a significant increase in demand for PEPE, with a spike in new addresses trading the coin and a rise in daily active addresses. This increase in network activity, along with positive sentiment and a surge in the broader meme coin market, suggests continued price growth for PEPE. However, if buying momentum weakens, PEPE could slip back into its current range or target lower support levels.
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