Pepe Coin

Pepe

Coin

<img width="1200" height="681" src="https://cdn.coingape.com/wp-content/uploads/2023/12/11022705/fNy1aOWy-e1702241898325.png" class="attachment-full size-full wp-post-image" alt="PEPE Price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Pepe Coin Price Prediction: Over the past four months, the PEPE price <a href="https://coingape.com/markets/pepe-coin-price-prediction-can-pepe-recovery-hit-0-000002-in-december/">traded sideways</a> reflecting no initiation from buyers or sellers. However, a look at the technical chart revealed this consolidation as the formation of bullish reversal patterns called inverted head and shoulder patterns. A recent breakout from this pattern’s neckline has indicated the buyers are ready to take control. 
Also Read: <a href="https://coingape.com/bitcoin-btc-past-performance-is-no-guarantee-of-future-results-vaneck/">Bitcoin (BTC) “Past Performance is no Guarantee of Future Results” – VanEck</a> 
<h2 id="b-bullish-pattern-sets-pepe-for-higher-recovery-b">Bullish Pattern Sets $PEPE for Higher Recovery</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The rising PEPE price could face overhead support at $0.00000190 and $0.00000234</li> 
 <li style="font-weight: 400;" aria-level="1">The 50-day EMA slope continues to offer pullback support.</li> 
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in the Pepe coin is $149 Million, indicating a 39% loss.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/f/fNy1aOWy.png" alt="Pepe Coin Price Prediction" width="1946" height="1104">
 <figcaption class="wp-caption-text">
 Pepe Coin Price Prediction TradingView Chart
 </figcaption>
</figure> 
On December 5th, the <a href="https://coingape.com/price/pepe-coin/">Pepe coin price</a> recovery gave a decisive breakout from the neckline resistance of the inverted head and shoulder pattern. This breakout from this pattern has been an early sign of trend reversal and a long-position entry opportunity. 
<blockquote>
 However, the post-breakout rally halts near the $0.0000017 mark, as the border market sentiment turns uncertain in response to <a href="https://coingape.com/markets/is-it-too-late-to-buy-bitcoin-btc-in-december/">Bitcoin price stalling</a> in recovering momentum. Thus, Pepe is resonating in a narrow range between the aforementioned level and breached $0.0000146 support.
</blockquote> 
With the overall trend intact and the influence of a bullish breakout, the PEPE price is likely to resume the recovery trend. The post-breakout rally could surge the prices 48% higher to hit the $0.00000235 mark. 
<h2 id="b-is-pepe-price-at-a-risk-of-major-correction-b">Is PEPE Price At a Risk of Major Correction?</h2> 
While the overall outlook for Pepe coin price remains bullish, the current consolidation above $0.00000146 despite a breakout reflects weakness in buyers’ conviction. Usually, the breakout moves are rapid and fast-moving, and thus such a long consolidation would decrease the potential of recovery and a threat for downtrend contention. A breakdown below the $0.00000146 mark would invalidate the aforementioned bullish thesis. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">&nbsp;Exponential Moving Average: A potential golden crossover between the 50-and-200-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> could accelerate the buying momentum for higher growth.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Moving Average Convergence Divergence: The <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a> and a signal line above the zero line in a bullish crossover state reflect the bullish trend is <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">z</a></li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/pepe-coin-price-prediction-ema-crossover-rally-to-0-000002/">Pepe Coin Price Prediction: Can EMA Golden Crossover Fuel a Rally to $0.000002?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Pepe Coin Price Prediction: Can EMA Golden Crossover Fuel a Rally to $0.000002?

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