Pepe

Resistance

Daily

Coin

<ul class="news-points"> 
 <li>PEPE’s price broke out of a bullish chart pattern in the past week.</li> 
 <li>The meme coin was looking to challenge a key resistance level at press time.</li> 
 <li>Technical indicators suggested that PEPE’s price would continue to rise in the next 24 hours.</li> 
</ul> 
In the past 24 hours, the <a href="https://coinedition.com/pepe-price-prediction/">price of Pepe (PEPE)</a> was rejected by the strong resistance level at $0.00000178. However, it was unable to close a daily candle above the significant price point. Nonetheless, technical indicators did suggest that the <a href="https://coinedition.com/tag/meme-coin-news/">meme coin’s price</a> would attempt to break above the level again in the next few days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh5.googleusercontent.com/Blo3F-36Whs6GmttEw1W5myOA2nZoRH_dVgW59JWV-PI0HrdKuTS-m5XklVBKX8tvWnHxvzcpuGzU3ePsXlMC-YjZtn2tEG0F5SChbYUDimai2Yg09qUDs0NS0IYGxyCJHw_jhfX2juPIX8E2LMh6Nc" alt="Daily chart for PEPE/USDT (Source: TradingView)">
 <figcaption class="wp-element-caption">
 Daily chart for PEPE/USDT (Source: <a href="https://www.tradingview.com/x/Po3Wbu5s/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
</figure> 
The meme coin was in a bearish trend over the past few weeks. It did, however, form a descending wedge chart pattern during this time., which is a bullish chart pattern. In the past week, this bullish chart pattern was validated, and PEPE’s price entered into a multi-day positive sequence on Monday. 
In its latest bullish move, the crypto’s price was able to rise from a low of $0.00000091 to its current level. It had attempted to break above the major resistance level at $0.00000178 over the past 24 hours, but was rejected by the key price point.…
The post <a rel="nofollow" href="https://coinedition.com/pepe-may-overcome-a-major-resistance-level-in-the-next-48h/">PEPE May Overcome a Major Resistance Level in the Next 48H</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

PEPE May Overcome a Major Resistance Level in the Next 48H

Coin Edition

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