PEPE price has struggled to gain momentum, risking potential profit depletion for investors.
PEPE, trading at $0.00000881, awaits a bullish trigger to break above $0.00001000 and initiate a rally. The Global In/Out of the Money (GIOM) indicator shows about 70 trillion PEPE worth over $617 million was bought between $0.00000800 and $0.00000990, needing the price to secure $0.00001000 as support to become profitable.
The Relative Strength Index (RSI) indicates weak bullish momentum, suggesting insufficient buying interest to sustain an upward movement. Additionally, the market is dominated by selling pressure, leading to a bearish outlook for PEPE. A breakout above $0.00001000 could enable a rise to $0.00001146, while a drop to $0.00000775 would keep PEPE in consolidation, potentially invalidating the bullish thesis and risking further decline.
