PEPEUSDT - Macro Outlook BULLISH🐸Hi Traders, Investors and Speculators of Charts 📈📉
At opening, Pepe Coin surged in trading volume, outperforming Dogecoin and Shiba Inu!
PEPE seems to have finally bottomed out after the opening crazy. This concludes the completion of the first cycle for a newly released altcoin, the liquidity drain cycle.
From the chart we clearly see a short period of accumulation where the price trades sideways after bottoming out. This is where coins are accumulated to prepare for the next cycle or market phase, which is the upwards cycle. It's hard to say distinctively how high the price can go, but back up towards the opening price is always a reasonable target.
Pepe's trading volume reached an astounding $281.3 million during the opening periods. The meme-inspired altcoin boasts a market capitalization of $631 million, exhibiting significant growth over the past week. In comparison to the more popular meme cryptocurrencies, Pepe has surpassed expectations in terms of trading volume.
Notably, Dogecoin, with a 24-hour trading volume of $189.2 million and a market cap of $9.3 billion, trailed behind Pepe despite its larger user base and popularity. Similarly, Shiba Inu, another meme cryptocurrency, recorded a 24-hour trading volume of $100 million and a market cap of $4.6 billion, falling short in comparison to Pepe's performance.
This surge in Pepe Coin arrives amidst a week of overall gains in the cryptocurrency market. Bitcoin (BTC) and Ethereum (ETH) both increased over the past week. Bitcoin's 24-hour trading volume stands at $10.6 billion, while Ethereum's is at $7.2 billion. The rise of Pepe Coin highlights the enduring popularity and unpredictable nature of meme cryptocurrencies, which often experience rapid and substantial price movements. Pepe Coin itself has surged by an impressive 64% within the past week alone.
The trading volume has been hovering around the $200 million mark, demonstrating significant interest. Moreover, Pepe Coin has achieved a remarkable 65% increase over the last 14 days. While it is still 64% below its all-time high of $0.00000431 from early May, the recent gains suggest that Pepe Coin has solidified its position as a meme token and is poised for further rallies in the future. On-chain data reveals that whales (large-scale investors) are continuing to accumulate Pepe Coin, further supporting the possibility of an upcoming surge.
Analyzing Pepe Coin's chart, despite the slight dip in the past 24 hours, several positive indicators emerge. The relative strength index (RSI) has recently trended upwards after briefly falling below 50, suggesting a potential regain of momentum. Additionally, the 30-day moving average remains significantly above the 200-day average, indicating ongoing buying pressure and a favorable position for Pepe Coin. It is worth noting that the coin's support level has increased over the past week, minimizing the potential for further decline and setting the stage for a renewed upward trajectory.
While Pepe Coin's rise may not be rooted in fundamental reasons or utility, its enduring community and market interest bode well for future gains. Whale accumulation, as demonstrated by available data, contributes to the optimistic outlook. It should be noted, however, that whale predictions are not infallible. Nonetheless, with sustained whale buying, Pepe Coin stands a strong chance of experiencing further growth in the near future. From its current level of $0.00000153, it could potentially rise to $0.0000020 in the coming weeks, with even more substantial gains expected in the months ahead, potentially toward the end of the year.
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OKX:PEPEUSDT BINANCE:PEPEUSDT BITGET:PEPEUSDT KUCOIN:PEPEUSDT KUCOIN:PEPEUSDT MEXC:PEPEUSDT MEXC:PEPEUSDT.P COINEX:PEPEUSDT OKX:PEPEUSDT.P CRYPTO:PEPEUSD
Pepecoin
PEPEUSDT - Bullish Opportunity 🚀PEPEUSDT - Bullish Opportunity 🚀
Overview:
PEPEUSDT is presenting a compelling bullish setup, with a distinctive rounded bottom formation. This pattern suggests a potential trend reversal and the beginning of a significant upward move.
Technical Analysis:
Rounded Bottom: The current chart pattern resembles a rounded bottom, indicating a shift from bearish to bullish sentiment.
Strong Support: The recent price action has found robust support, enhancing the bullish case.
Volume Confirmation: Observe increasing volume during the formation of the rounded bottom, signaling growing market interest.
Price Target:
Considering the characteristics of the rounded bottom, we anticipate a substantial upward move. Our initial price target is set at 0.00000280, reflecting a potential gain of approximately 250%.
Risk Management:
Stop-Loss: Place a strategic stop-loss just below the recent support level to manage risk effectively.
Risk-Reward Ratio: Maintain a favorable risk-reward ratio, aligning with your trading strategy.
Disclaimer:
This analysis is for educational purposes and does not constitute financial advice. Always conduct your research and use risk management strategies when trading.
Conclusion:
PEPEUSDT is displaying promising signs of a bullish reversal. Keep a close eye on price action, volume, and adhere to your risk management plan. Happy trading!
$PEPE might be ready to continue it Ascending... Rising Channel!FWB:PEPE PEPE price action formed a rising channel after a needed retracement!
#PEPE Current Price: 0.00000118
FWB:PEPE might be primed to continue it's movement to UP Resistances: (use prefix 0.000000) 128, 140, 156, 168, 184
Revisit my previous idea on Pepe!
Pepe Coin Soars As Devs Deposit Over 400 Billion PEPE To BinanceThe developer’s team behind Pepe coin recently added 418.4 billion PEPE tokens worth $0.50 million, as per on-chain analytics firm Spotonchain. As confirmed by the official X account of Pepe, the tokens were sent to Binance-earn to reward users. “We will distribute the reward for participating in the upcoming campaigns,” stated the Pepe community.
Notably, the transfer came when the Pepe coin was struggling to break the consolidation phase.
Recent Developments in the Pepe Coin Ecosystem
Previously, on 24 Oct 2023, the Pepe coin dev team executed a significant burn of PEPE tokens. The team transferred a staggering 6.90 trillion PEPE tokens, equivalent to $7.01 million, to the burn address.
According to reports, the team still retains 3.80 trillion PEPE tokens, valued at approximately $4 million. This made PEPE rally over 30% on the same day breaking the resistance and reaching a new monthly high of $0.00000134.
Additionally, the monthly update showed that the team sold over 169.8 billion PEPE for $0.20 million on October 27 at $0.000001₅. However, the rally fuelled by burn and enthusiasm cooled down afterward.
Pepe Community Celebrates #FREEPEPE Day
The enthusiasm not only circles around burns and massive deposits but also a great celebration day. The Pepe community along with famous firms like Ledger celebrates the “free Pepe Day” on Monday.
The movement aims to address the three-year-long absence of Pepe, the beloved meme, from the popular GIF-sharing platform GIPHY. Three years ago, GIPHY made the controversial decision to censor and remove Pepe from its extensive GIF directory, leaving a noticeable void for users seeking easily searchable Pepe gifs.
“Pepe is Love. Pepe is Art. This censorship is unjustified,” emphasized the community in their statement. The members believe that Pepe, being a globally recognized and cherished meme, should not be subjected to limitations on platforms that celebrate free expression.
To support to moment further, hardware wallet manufacturing firm Ledger confirmed that they will soon be launching a limited edition Pepe ledger nano collaborating with one of the Pepe artists.
All the positive things in one day made the price jump over 6%. The Pepe coin price correlation with Bitcoin stands at 0.75, which is considered as good. However, the on-chain signals as well as technical signals are both bearish.
PEPE ANALYSISThis currency has many fans and is very popular in social networks.
It has had a good rise and rally, but the question is, will this rally be maintained?
I checked the PEPE chart. There are time similarities between correctional branches and according to the price-time laws, it seems that we are inside the diametrical pattern.
What the chart shows us with this data is that this climb was for the D branch and it may end up with resistance around this or in the red box and enter the E branch.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Where will Pepe go?This currency has many fans and is very popular in social networks.
It has had a good rise and rally, but the question is, will this rally be maintained?
I checked the PEPE chart. There are time similarities between correctional branches and according to the price-time laws, it seems that we are inside the diametrical pattern.
What the chart shows us with this data is that this climb was for the F branch and it may end up with resistance around this or in the red box and enter the E branch.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PEPE COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES !!FWB:PEPE Coin Update !!
• Price almost surge 100% in Last Two weeks & currently using major indicators its look overbought...but i will recommand don't open any short on FWB:PEPE token untill its price reach its resistance area...
• High level manipulation Expected in FWB:PEPE Token price ...( intretest rate on exchanges is on its peak)
• If you open any short on FWB:PEPE Token then make sure you set stoploss First..
I just want to remind you that is last BULL RUN ( CRYPTOCAP:DOGE & SHIB Coin Did almost 1000x +)....if FWB:PEPE Token Hype increase then it wil do too ..🏄♂
PEPEUSDT 4h Analysis: Potential ReversalIn recent weeks, OKX:PEPEUSDT has experienced a prolonged downtrend, indicating a bearish market sentiment. However, on the 4-hour timeframe, an intriguing pattern is emerging – the Falling Wedge. This pattern is characterized by converging lower highs and lower lows, suggesting a potential reversal in the near future.
Key Levels to Monitor:
1. Support at 6024: This level has acted as a significant support in the past. If the price approaches this mark within the Falling Wedge, it might signal a potential bounce.
2. Resistance of Downward Channel: Observing the upper boundary of the current downward channel is crucial. A breakout above this resistance could indicate a shift in market sentiment.
What to Watch:
- Wedge Breakout Zone: The Falling Wedge pattern often leads to a bullish breakout. Keep a close eye on the price movement within the wedge. A breakout above the upper trendline could initiate a potential upward move.
Possible Targets:
1. 6600
2. 6800
3. 7000
These levels represent potential price targets if the Falling Wedge pattern resolves with a bullish breakout. However, it's important to remain cautious and wait for confirmation, as price action in crypto markets can be highly volatile.
As always, it’s recommended to use proper risk management and wait for a confirmed breakout before making any trading decisions.
💜Happy trading!
PEPE is showing signs of a continuity of bullish momentumHarmonic bullish reversal move:
Before starting the analysis of PEPE, I would like to share with you my most recent trade signal for PEPE, which I shared few hours ago. That was a harmonic bullish reversal Gartley move, which PEPE formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Massive Breakout from the channel:
On a daily time frame chart, from may 2023 to June 2023 the priceline of PEPE coin has been moving inside a long down channel, and finally on 20th of June 2023, the priceline of the leading meme coin broke out the resistance of this channel and rallied more than 131%. But during this move the price got rejected by the long term resistance of $ 0.00000190 and formed another down channel.
2nd channel breakout:
Now from July 2023 to September 2023, PEPE was moving inside in another down channel, and during this move to the downside there was a fake out happened, and price got rejected by a very long term resistance zone, which starts from $ 0.00000136 and goes to $ 0.00000146. After this rejection PEPE re-entered the same down channel now on 22nd of September it has broken out this channel as well.
Inverse H & S breakout:
Recently on a 4-hour time frame PEPE has broken out an Inverse Head & Shoulder pattern and now the price is getting accumulated above the neckline of this inverse head & Shoulder.
Targets:
Now if we take a look at the targets for all these patterns and breakouts, then the expected target for inverse Head & Shoulder is $ 0.00000082, and the recent channel’s breakout targets is $ 0.00000095, and the target for the breakout from the oldest channel, which was happened in the month of June 2023 is $ 0.00000210.
Conclusion:
PEPE is showing the sign of a continuity of the bullish momentum, because it has broken out a long down channel after 77 days, and recently broke out another inverse Head & Shoulder, moreover, after breaking out the head and shoulder pattern it also formed harmonic bullish reversal pattern and started another reverse from the potential reversal zone of this pattern as well.
SasanSeifi 💁♂️PEPE 👉6H🔼 0.000000830 / 0.000000875In the 6-hour timeframe, as you can see, the price has experienced a growth of over 30% from the 0.0000006020 range. Currently, with the possibility of a price rejection from the supply area, we can consider a scenario where, after a correction and retesting, the price may once again move upwards if confirmed. The target for further growth could be the important resistance levels at 0.000000830 / 0.0000008755.
To better understand the continuation of the price movement, we need to observe how the price reacts to the range between 0.0000007340 / 0.0000007560. If the price breaks below the support ranges and establishes itself lower, it may increase the likelihood of a further correction.
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
Pepe Token formed bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new update on Pepe Token with US Dollar pair.
Our last successful trade of PEPE was the below one:
Now on a 4-hr time frame, PEPE has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
We're on our way to the next floorIf you see my profile you will notice that it predicts Pepe's previous floor quite accurately and now I think I am right again, see how the downward trend has been making a megaphone since July 14, I think that after hitting the floor The trend would be upward and the next tarjet could be the daily ma of 100.
📉PEPE analysis after team conflict📈BINANCE:PEPEUSDT
OKX:PEPEUSDT
Hello Traders, please check out my previous ideas.
If the price stabilizes below the yellow area, the long scenario won't be fulfilled.
Targets are on the chart.
Optimum stop-loss for long position is below the 0.0000008415 level.
After what happened to Pepe's developer team and their conflict, there is a possibility of an upward return in the price trend if the sentiment around this project improves.
If the negative sentiment continues, the price of Pepe can decrease to the lower levels of the pitchfork.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
PEPE coin is on the short list with a level of 0.00000085Hello everyone!
AIHermes today identified the coin PEPE on the short list with a level of 0.00000085
Entry model - breakout! Leverage 10-20X
Stop short.
Trade with us, trade better than us!
Today:
5 coins on the short list
22 coins on the long list
DESCENDING TRIANGLE $PEPEUSDT -50% dropHello crypto fam! I hope everyone is having not only a wonderful but also profitable day trading. Make sure to smash that LIKE and FOLLOW!
Is FWB:PEPE in a Descending Triangle?
Yes i believe FWB:PEPE is in a large BEARISH DESCENDING TRIANGLE that has the potential to dump FWB:PEPE -50%.
What is a descending triangle?
In Descending Triangle Chart Patterns there is a string of lower highs. This pattern is formed with a trend line that is sloping and a flat or a horizontal support line at the bottom. The pattern emerges as a price bounces off the support level at least twice.
How accurate is trading a descending triangle pattern?
Glad you asked, a descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%.
Conclusion
Well as i have illustrated in the chart above and described in the description box i believe we are in a descending triangle. Everything in the market seems to make sense for FWB:PEPE to see a massive sell off along with CRYPTOCAP:ETH and $BTC. Expect to see MAJOR bounce around $0.0000003700's level which is where i will be LONGING $PEPE. As far as a timeframe on how long it may be until we see a break down is hard to predict. The FWB:PEPE breakdown will likely be ignited by CRYPTOCAP:ETH and CRYPTOCAP:BTC sell offs. A way to measure this would be once eth breaks $1,600 its likely that FWB:PEPE will follow suit and dump alongside CRYPTOCAP:BTC and other major altcoins.
Thanks, LiquidMEX
📉PEPE is ready for a price jump 📈BINANCE:PEPEUSDT
Hello Traders, please check out my previous ideas.
If the price stabilizes below the yellow area, the long scenario won't be fulfilled.
Targets are on the chart.
Optimum stop-loss is below the 0.0000008415 level.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
PEPE to fall by 71% to under 100 million market cap!In the absence of any concrete utility to support the token, nothing seems to prevent Pepecoin from falling below the 100 million mark in market cap.
Shiba Inu expands into DeFi to support its ecosystem. Speculators will be less patient for PEPE.
Developers cashed out and are watching the ship sink!
There is no bullish momentum to reject PEPE's price as it approaches key support at $0.0000008375 or June 2023 low.
If price breaks down this level, there would be another drop to 0.0000003099 support, or more than -71%. PEPE market cap would then be less than 100 million dollars.
PEPE's initial price is $0.00000000001394 according to Techopedia.
Pepe Update | Do Or Die Pepe/USDT Update:
In the higher timeframe (HTF), there's a critical situation – it's a "do or die" moment. Pepe is currently testing a significant support level on the daily chart. This level is crucial for Pepe/USDT, and it's important for buyers to maintain this support.
I anticipate the price might rebound from here because of liq pending on the upper side. However, this is just an idea and not financial advice. Always conduct your own research before making any decisions.
Best of luck! If you appreciate our insights, please consider showing your support.
Wishing you successful trading!