A pseudonymous analyst said that the current price level for Pep coin PEPE/USD is a “high demand area”.
What Happened: Rekt Capital in one youtube The video told its subscribers, “Pepe looks interesting.”
The chart prepared by the analyst shows PEPE fluctuating between $0.0000026 and $0.0000034. “This is a key level. I think this is an area of strong demand.”
He also identified the next major area of liquidity at $0.0000010.
Rekt Capital noted that there is a large volume of transactions taking place in this space, which is why it is important to keep an eye on it.
Why it matters: However, he also emphasized that any investment decision in PEPE Coin or any other cryptocurrency is highly dependent on the movements Bitcoin BTC/USD.
Rekt Capital added a disclaimer that he already owned a bag of PEPE and would sell more the next time the price went up. But for those looking for a short-term target, it suggests a level of $0.0000028 or possibly higher.
Price promotion: At the time of writing, PEPE was trading at $0.000001656, down 14% in the last 24 hours, according to Benzinga Pro.