Pepe Coin

Pepe

Coin

<img width="1946" height="1104" src="https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z.png" class="attachment-full size-full wp-post-image" alt="PEPE Price" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z.png 1946w, https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z-300x170.png 300w, https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z-1224x694.png 1224w, https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z-768x436.png 768w, https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z-1536x871.png 1536w, https://cdn.coingape.com/wp-content/uploads/2023/12/09234858/LD7zgQ3z-150x85.png 150w" sizes="(max-width: 1946px) 100vw, 1946px">
Pepe Coin Price Prediction: Fueled by the recent meme coin frenzy, PEPE price <a href="https://coingape.com/blog/pepe-coin-pepe-market-cap-approaching-500-million-whats-next/">continues its ascent</a>, forming a bullish pattern with a remarkable 45% increase over the past 2 weeks with a trendline breakout. This unwavering bullish momentum, coupled with Bitcoin price close approach to the $45K level, suggests a potential surge for the broader crypto market 
Also Read: <a href="https://coingape.com/top-rwa-crypto-tokens-that-could-50-100x-in-2024/">RWA Tokens That Could 50-100x in 2024</a> 
<h2 id="strong-is-pepe-price-heading-to-0-000021-strong">Is PEPE Price Heading to $0.000021?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The PEPE price rally with an increase in volume shows sustainable growth</li> 
 <li style="font-weight: 400;" aria-level="1">The rising price can face a high supply zone at $0.000019</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume of PEPE is at $250 Million with a 67% jump.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/l/LD7zgQ3z.png" alt="PEPE Price Prediction" width="1946" height="1104">
 <figcaption class="wp-caption-text">
 PEPE Price Prediction| TradingView Chart
 </figcaption>
</figure> 
With the buyers overcoming the recent pullback phase, the <a href="https://coingape.com/price/pepe-coin/">PEPE coin price</a> skyrocketed with a trendline breakout rally. The trend accounts for a price jump of 45% over the past two weeks and reclaims the psychological mark of $0.0000015.&nbsp; 
<blockquote>
 As per the trend-based Fibonacci retracement, the ongoing bull run challenges the hundred percent Fibonacci mark which may lead to a bullish breakout. In case of an outcome supporting the buyers and holders of pepe coin, the least momentum will prolong the prevailing up trend.&nbsp;
</blockquote> 
In such a condition, the breakout rally is expected to reach the overhead resistance of $0.0000019 accounting for a 16.6% gain. 
Supporting the bullish possibility, the short-term memecoin price trend shows a rounding reversal with a spike in the intraday trading volume. Currently, the PEPE price trades at $0.00000162 with a minimal intraday gain to form a Doji candle reflecting an indecisive daily candle.&nbsp; 
<h2 id="b-is-pepe-price-at-risk-of-new-correction-b">Is PEPE Price at Risk of New Correction?</h2> 
The anticipated rally in PEPE price could face intense supply pressure at $0.000019. This monthly resistance could pressurize the coin price for another correction. However, in such a correction, the coin holders can use the 38.2% or 50% to find a suitable pullback opportunity as the price has historically strong demand pressure. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: the daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> slope above 60% reflects market sentiment is Bullish</li> 
 <li style="font-weight: 400;" aria-level="1">Moving Average Convergence Divergence: a Bullish crossover state between <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a> and signal slope, reflects the buyers are traveling a recovery trend.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/pepe-coin-price-prediction-can-pepe-recovery-hit-0-000002-in-december/">Pepe Coin Price Prediction: Can $PEPE Recovery Hit $0.000002 In December?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Pepe Coin Price Prediction: Can $PEPE Recovery Hit $0.000002 In December?

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