• PEPE hits $2.6 billion trading volume as technical signals indicate potential bullish breakout opportunities.
• 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. Among the affected assets, meme coins like Pepe [PEPE] have seen reduced trading interest as attention returns to Bitcoin [BTC]. 

Despite this, technical indicators suggest PEPE could be poised for a rebound as trading volume reaches $2.6 billion.

TD sequential buy signal indicates potential rebound

Technical analysis tools are signaling a potential turnaround for PEPE. The TD Sequential indicator has presented a buy signal on the daily chart, commonly interpreted as a sign of an upcoming price reversal. 

Such signals in the past have often preceded upward price movements, making it a focal point for traders anticipating a rebound.

Source: X

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.

Whale activity slows after November spike

Data from IntoTheBlock reveals a marked decline in large transaction activity for PEPE. Mid-November saw a spike in large transactions as the price reached $0.0000

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Author: Olivia Stephanie