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**PEPE Erases Zero Amid Crypto Market Rebound, What’s Next for Price?**
The cryptocurrency market has been experiencing a rebound in recent days, with many altcoins, including PEPE, benefiting from the trend. In fact, PEPE has managed to erase its zero value, reaching new highs as investors regain confidence in the market.
Over the past few weeks, the price of PEPE has largely consolidated in a tight range between $0.00000843 and $0.0000107 since February 7th. However, the price has been steadily increasing since February 19th, reaching today’s high of $0.00001015.
Despite this positive momentum, it is essential for traders to recognize that major resistance levels must be breached for PEPE to maintain its bullish trajectory. The daily SMA 50 at $0.00001392 serves as a crucial level that if broken could lead to further gains. On the other hand, broader crypto trends and market sentiment may also influence PEPE’s price action in the near future.
As traders continue to keep a close eye on the cryptocurrency’s potential to sustain its gains and potentially move higher, they must be prepared for the possibility of a pullback as well. Key support levels such as $0.0000081 could serve as a crucial area where buyers may step in to prevent further losses.
In conclusion, PEPE’s recent price action has been encouraging; however, it is crucial that traders carefully assess market conditions and sentiment before deciding on any investment or trading decisions.
Source: U.Today
Source: u.today
