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What do the Short-Term Technicals Predict for Pepe (PEPE) Tuesday?

Tuesday, June 06, 2023 10:59 AM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Pepe (PEPE) Tuesday?

InvestorsObserver gives Pepe a weak short-term technical score of 20 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. PEPE has currently traded better than 20% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 20
InvestorsObserver is giving Pepe a 20 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Pepe!

Trading Analysis

PEPE is currently $0.000000 (17.32%) above its 30-day low of $0.000000976 and -$0.000003 (-69.93%) below its 30-day high of $0.00000381. Additionally, PEPE is under its average price of $0.000001616 over the past month of trading with its current price of $0.000001145. Overall, the recent trading history of Pepe suggest that traders are currently bearish on the token.
Pepe's market cap of $448,765,983.50 is relatively average for a token. The market valuation for Pepe is relatively average due to the largest 100 cryptos having a market cap above $1 billion and PEPE sits underneath that mark but remains above $100 million in market capilization. Meanwhile, PEPE's average volume is average with $1,641,044,957.34 worth of the token traded over an average 24 hour period. The volume for PEPE is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, PEPE's volume is below its usual with $259,418,215.07 exchanged.

Summary

Pepe's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Pepe (PEPE).

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