Pepe Coin has experienced a notable price increase today, driven by a combination of factors that have captured investor interest. The upcoming halving event, set to occur in 28 days, is generating excitement within the community. Historically, such events have led to supply shocks, potentially driving prices higher as demand remains steady or grows. This anticipation is causing investors to hold or accumulate more PEPE, preparing for a possible price surge post-halving. Additionally, on-chain metrics indicate a decrease in the supply of PEPE on exchanges, suggesting that holders, particularly large investors, are retaining their positions in anticipation of a rebound.
The technical analysis further supports the potential for a price increase. PEPE's Relative Strength Index (RSI) is in the oversold zone, indicating a possible price reversal. The coin is also forming a crucial wave low, which could set the stage for its next bullish wave. Key levels to watch include a support level at $0.00001739 and a resistance level at $0.00001982. If PEPE breaks past this resistance, it could signal a strong upward movement, aligning with the positive sentiment surrounding the halving event.
Pepe Coin's price has risen by 4.82% today, reaching a current price of $0.000018. The highest price recorded today was $0.000018, while the lowest was $0.000017.