A pseudonymous analyst said that the current price level for Pepe Coin PEPE/USD is a “strong demand area."
What Happened: Rekt Capital in a YouTube video told his subscribers that "Pepe looks interesting."
The chart plotted by the analyst shows PEPE ranging between $0.0000026 to $0.0000034. "This is a key level. In my opinion, this is like a strong demand area."
He also identified the next major liquidity area as being at $0.0000010.
Rekt Capital noted that there is a lot of volume being transacted around that area, making it an important level to watch.
See More:The Art Of The Future: Lisa Ray’s TheUpsideSpace Bring NFTs To Center Stage
Why It Matters: However, he also emphasized that any investment decision in PEPE Coin, or any other cryptocurrency for that matter, is heavily dependent on the movements of Bitcoin BTC/USD.
Rekt Capital included a disclaimer that he already held a bag of PEPE and was looking to sell more on the next price pump. But for those looking for a short-term target, he suggested a $0.0000028 level or potentially higher.
Price Action: At the time of writing, PEPE was trading at $0.000001656, down 14% in the last 24 hours, according to Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
