The PEPE

<ul class="list-ic vertical">
 <li><span>1</span> <a>PEPE token price hovers around the 100 day EMA mark.</a></li>
 <li><span>2</span> <a>The intraday trading volume remained average around $1.04 Billion.</a></li>
</ul>
<p>The PEPE price has slipped below its crucial support zone of $0.000005000 and has witnessed a bearish pennant pattern on the charts. Moreover, the price action highlights the profit booking and the token is hovering near its make or break region of $0.000004980. The token is displaying lower low swings and price is retracing inside the falling channel for the past sessions. The PEPE price has dragged over 48% this month and is reflecting seller dominance.&nbsp;</p>
<p>At press time, the PEPE token (PEPE) price traded at $0.000004989 with an intraday drop of 2.06%, reflecting neutrality on the charts. It has a monthly return ratio of -27.80% and 152.87% on a yearly basis. The pair of PEPE/BTC is at 0.0000000000804 BTC, and the market cap is $2.10 Billion. Analysts are neutral and suggest that the PEPE token may continue to retrace and may underperform in the next sessions.</p>
<h2 class="wp-block-heading" id="strong-pepe-price-volume-profile-on-daily-charts-strong"><strong>PEPE Price Volume Profile On Daily Charts</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (PEPE), Volume (PEPE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=render&amp;pt=RNDR&amp;df=2023-10-18T18%3A29%3A59.111Z&amp;dt=2024-04-18T18%3A29%3A59.111Z&amp;sat=shchcfg_n1xrgKLsHDnl&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bpepe%3BPEPE%5D%3B%5B1%3Bvolume_usd%3Bpepe%3BPEPE%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Per the Santiment data of the PEPE token, the <a href="https://www.thecoinrepublic.com/2024/04/16/cel-price-is-near-demand-zone-can-bulls-succeed-in-a-pullback/" target="_blank" rel="noopener noreferrer nofollow">price</a> to volume profile showcases profit booking trend in the last sessions. Over the past few sessions, lower low swings were intact and sellers persisted in dominating the battle. The intraday trading volume surged over 6.36% to $1.04 Billion revealing investor interest.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (PEPE), Weighted sentiment (Total) (PEPE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=render&amp;pt=RNDR&amp;df=2023-10-18T18%3A29%3A59.111Z&amp;dt=2024-04-18T18%3A29%3A59.111Z&amp;sat=shchcfg_n1xrgKLsHDnl&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bpepe%3BPEPE%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bpepe%3BPEPE%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The above chart highlights the price volatility data, revealing the minimal fluctuations. The volatility curve dragged over 32.90% to 0.033 mark. However, the weighted sentiment looks positive and stayed above the midline around 0.642.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-x-followers-overview-strong"><strong>Social Dominance and X Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (PEPE), Twitter Followers 7d (PEPE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=render&amp;pt=RNDR&amp;df=2023-10-18T18%3A29%3A59.111Z&amp;dt=2024-04-18T18%3A29%3A59.111Z&amp;sat=shchcfg_n1xrgKLsHDnl&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bpepe%3BPEPE%5D%3B%5B1%3Btwitter_followers_7d%3Bpepe%3BPEPE%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The Social Dominance data noted follow on decline and dropped over 65.40% to 0.0366%, noting a negative stance in the discussion reports. Similarly, the X follower’s data replicated a decrease and slipped over 98.20% to 6193.</p>
<h4 class="wp-block-heading"><strong>What Does Active Addresses Data and Holding Data Indicate?</strong></h4> <iframe loading="lazy" title="Santiment Chart: Total Amount Of Holders (PEPE), Active Addresses 24h (PEPE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=render&amp;pt=RNDR&amp;df=2023-10-18T18%3A29%3A59.111Z&amp;dt=2024-04-18T18%3A29%3A59.111Z&amp;sat=shchcfg_n1xrgKLsHDnl&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bholders_distribution_total%3Bpepe%3BPEPE%5D%3B%5B1%3Bactive_addresses_24h%3Bpepe%3BPEPE%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The chart shows that the total amount of holders delivered a consistent up move and surged over 11.76% to 204k. The active addresses data indicates a neutral outlook, and the value remained around 2317. Similarly, the RSI curve stayed in the oversold region, and a negative crossover was noted on the charts.&nbsp;</p>
<p>Per the Fib levels, the PEPE price has slipped below the 38.2% zone and has reached the bearish trajectory. The price action highlights follow on selling momentum and has persisted in declining gains.</p>
<p>The total supply of the PEPE token is 420.69 Trillion, whereas the volume-to-market cap ratio is 0.493, and it is ranked 48 in terms of market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The PEPE token price has regressed over 45% and reached the 100 day EMA mark, highlighting the profit booking. Moreover, the trend is favoring the bear army and the token will continue to erode gains ahead.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.000004800 and $0.000004600</p>
<p><strong>Resistance Levels:</strong> $0.000005170 and $0.000005320</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

PEPE Price Prediction: Will PEPE Succeed In Reviving Momentum?

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Thecoinrepublic.com

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