Pepe

Bitcoin

The PEPE

The post <a href="https://coinpedia.org/uncategorized/pepe-price-back-in-action-eyes-50-jump-this-month/" rel="noopener noreferrer nofollow">PEPE Price Back In Action! Eye’s 50% Jump This Month?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The memecoins have gained significant attention from the market as top coins have recorded massive gains in their respective portfolios. Further, the Bitcoin price crossing the $44,000 mark resulted in the memecoins to experienced significant jumps in their value within the past day.
The <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" rel="noopener noreferrer nofollow">PEPE price</a> traded in a closed space between $0.00000113 and $0.00000123 for a brief period, following which the market gained momentum and the price broke out of the range.
After this, the Pepe coin price faced rejection at $0.00000136 and traded sideways for a while with minor price volatility. PEPE coin then lost momentum and broke down its support level of $0.00000123. The memecoin traded in a consolidated range between $0.00000113 and $0.00000123 for over a week.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/92igLXM_vUbtjgCoDbKvI1ur1p_-lMKosBeBnnAaLp5mWjrjLMbOiWyRKo0MpDwOoO-fHRlHJsNN5h-caydKOWMjDGU7u5ntveXP2am1duSKCh8J3tKsRGBSXoUYT3qfn-fpPeUMZks2mNVlNhZ6dqI" alt="PEPE Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: PEPE/USDT
 </figcaption>
</figure>
After multiple failed attempts to break out, the price lost momentum, resulting in a breakdown. The price traded in a closed space between $0.00000103 and $0.00000113 till the end of November.
December started positively as the Cross EMA 50/200 witnessed a Golden Cross. Following this, the price gained significant momentum and recorded 44% before facing rejection at $0.00000163. Since then, the price has been trading sideways.
The MACD displays a constant green histogram from the month start. This highlights a massive ongoing buying and selling pressure in the market. Further, the histogram recorded a fading pattern, suggesting the price will lose momentum.
<h2 class="wp-block-heading" id="h-will-pepe-price-hit-0-000002-soon">Will PEPE Price Hit $0.000002 Soon?</h2>
If the bulls hold the price above the support level of $0.00000154, the Pepe price will regain momentum and prepare to test its resistance level of $0.00000163. Further, if the market holds the price at that level, it will test its upper resistance level of $0.00000170.
Conversely, if a trend reversal occurs, the price will lose momentum and fall to test its support level of $0.0000146. Moreover, if the bears gain power, the price will plunge further and test its lower support level of $0.00000136.
If the bears continue to dominate the market, it will continue to lose value and test its crucial level of $0.00000123 by the month-end.

PEPE Price Back In Action! Eye’s 50% Jump This Month?

Table of Contents

CoinPedia News

Other articles published on Dec 6, 2023

Bitcoin Core Developer Says Bitcoin Ordinals and BRC-20 Will End!

Strategic Trading in Crypto: A Focus on ORDI Transactions

1Kosmos BlockID Adds Passwordless Authentication to Amazon Cognito

Bitcoin Maxi Says Further BTC Price Uptrend “Will Shock The World”

Binance Exchange Unveils $500,000 Airdrop to Boost Web3 Wallet Usage and Liquidity

Shiba Inu-Inspired Bonk Rockets to Third Place Among Dog-Themed Cryptos

Join our free newsletter for daily crypto updates!