Pepe
. The refusal came as a trading activity throughout the meme token sector cooled from the highs earned earlier this week.
The wider memecoin market, based on the coindesk memecoin index (CDMEME) Saw a 3% decline in the last 24 -hour period, significantly underperforming the wider market. Measured by CoinDesk 20 (CD20) Index, the broader market lost only 0.1% of its value during.
However, whale accumulation continues, with the top 100 Pepe addres Nansen Data.
Overall -analysis of technical analysis
Pepe exchanged a range of $ 0.0000081 in the past 24 hours, marking a 7% spread between high and low, according to the technical review model of CoinDesk Research research data.
The climax came to $ 0.0000126621, but repeated Breakout attempts above $ 0.000012 encountered sales pressure. Critical support intraday has been tested around $ 0.0000118094. The token then moved to a tight integration channel -Ince between $ 0.00001181 and $ 0.00001198, which signed an indecision to entrepreneurs.
The day ended with PEPE arranging at $ 0.0000118, slightly above the support but under the clear distribution pressure from the seller. Unless its price can recover and handle above the $ 0.000012 zone resistance, the momentum may favor a retest of lower support levels.
Volume patterns during the session suggest a consumer strength compared to earlier on the week, which may limit the chances of a long reversed breakout without updating the market catalysts.
