Ascend

Pepe

Million

Billion

The PEPE

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Pepe coin’s price increased by 10.77% over the last week and trading in a downward channel.</a> </li> 
 <li> <span>2</span> <a>The price of the PEPE coin is trading at $0.00000072 and the price is moving below major EMA.</a> </li> 
</ul> 
<p>PEPE is an Ethereum-based meme-coin inspired by Pepe the Frog, a viral internet meme from the 2000s. It aims to be the top meme coin with no tax, rewards for stakers, and coin burning. PEPE soared to a $1.6 Billion market cap in 2023, sparking a memecoin craze. Its roadmap has three phases of listings and a “meme takeover.”</p> 
<p>Pepe crypto fell by 0.03% in market value and surged by 93.05% in trading volume in the last 24 hours, per Coinmarketcap which is a crypto data and info website. Its market value is $280,07 Million and its trading volume is $87.02 Million. There are 391.79 Trillion PEPE in circulation.</p> 
<p>Pepe (PEPE) open interest is $50.08 Million, as per Coinglass, another crypto analysis website, it fell by 7.45% in the previous session. The long versus short ratio for 24 hours is 0.9802. The total number of short positions added in the last 24 hours is $481.72K against longs of $304.99K.</p> 
<p>Moreover, Pepe (BITFINEX: PEPE) has not shown good performance this month, as it fell by 16.28% and by 99.93% in the past six months, showing underperformance.</p> 
<h2 class="wp-block-heading" id="strong-pepe-coin-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>PEPE Coin Price Technical Analysis in the 1-Day Timeframe</strong></h2> 
<p>The PEPE price faced resistance from the exponential moving averages (EMAs) and was trading at $0.00000072 price with an intraday gain of 2.86%.</p> 
<p>At the time of publishing, Pepe (BITFINEX: PEPE) is trading below the 20, and 50-day EMAs (exponential moving averages) which are rejecting the PEPE price trend.&nbsp;</p> 
<p>The MACD line at 0.00000005 and the signal line at 0.00000007 are both under the zero line and they are crossing each other. The histogram gap is narrow in the MACD oscillator, which shows that the price is consolidating.</p> 
<p>The RSI value is 45.74 points and the 14-day SMA is 40.73 points, which is below the middle line.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957-1024x594.png" alt="Pepe: Will It (BITFINEX: PEPE) Keep On Plummeting Or Ascend Soon?" class="wp-image-171970" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-957.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: PEPE/USD.1D.BITFINEX by TradingView
  </figcaption>
 </figure>
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/22/a-massive-dump-in-the-pepe-coin-are-whales-going-away/" target="_blank" rel="noreferrer noopener">PEPE price</a> had been falling for a long time following a downward trendline on the charts and facing constant resistance. At the time of writing, the PEPE price is at 0.00000072 trading near vital support and moving sideways in a range. Furthermore, if PEPE breaks above the nearest resistance, it might rise for reclaiming levels. On the upside, the PEPE price could meet the nearest resistance levels at $0.00000080 and $0.00000085.</p> 
<p>On the other hand, the PEPE price could resume its downtrend and reach the nearest support levels at $0.00000060 and $0.00000055 if it fails to hold the current level.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The PEPE price shows the negative outlook and expectations of the investors and traders about the PEPE in the daily chart. At the time of writing, <a href="https://www.thecoinrepublic.com/2023/09/22/a-massive-dump-in-the-pepe-coin-are-whales-going-away/">Pepe price</a> movement shows a bearish trend as PEPE is under the trendline resistance of a downward channel and moving sideways. Furthermore, the technical indicators of the pepe price suggest that the consolidation may turn into a downtrend in the daily chart. Important reliable indicators MACD, RSI, and EMA, give negative signals about the PEPE price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support levels: </strong>$0.00000060 and $0.00000055.</li> 
 <li><strong>Resistance levels: </strong>$0.00000080 and $0.00000085.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Pepe: Will It (BITFINEX: PEPE) Keep On Plummeting Or Ascend Soon?

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