73.6% of PEPE holders are in profit, with key resistance at $0.000022 and strong support at $0.000013. The crypto market has experienced mixed trends over the past two weeks, with a sharp shift from bullish sentiment to bearish caution. Despite this, technical indicators suggest PEPE could be poised for a rebound as trading volume reaches $2.6 billion. Such signals in the past have often preceded upward price movements, making it a focal point for traders anticipating a rebound.
PEPE was trading at $0.00001791 at press time, showing a 2% price increase in the last 24 hours but remains down 25.97% over the past seven days. With its price range fluctuating between $0.00001455 and $0.0000242 in the past week, traders are closely watching resistance near $0.00002201, where Bollinger Bands also signal key levels to break for a sustained rally. There has been a marked decline in large transaction activity for PEPE. Mid-November saw a spike in large transactions as the price reached $0.000024, hinting at whale or institutional activity. Since then, transactions have dropped, with only 240 large transactions recorded in the past 24 hours, the lowest in the last week.The reduced activity aligns with the price’s consolidation around $0.00001791, suggesting that accumulation or reduced trading interest is occurring.On-chain analysis shows 73.60% of PEPE wallets are profitable, with strong support established between $0.000011 and $0.000013, where most holders accumulated the token. However, approximately 22.44% of wallets remain unprofitable, with potential resistance expected between $0.000019 and $0.000022, as these holders may sell to recoup losses.Bollinger Bands further highlight critical levels, with the lower band at $0.00001593 acting as a support zone and the upper band at $0.00002201 signaling resistance. A break above the upper band could catalyze upward momentum, while a drop below the lower band may lead to further price correction