Pepe Coin

Pepe

Coin

Pepe Coin Price Prediction: PEPE, The Frog-themed Memecoin, has been experiencing a downward trend for almost two months, following its peak price of $0.00000175. This correction phase wiped out over 50% of the gains made during its rally in October-November, leading to a 46% drop in the <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">PEPE price</a>, which now stands at $0.00000094.&nbsp;
Nonetheless, an analysis of the daily time frame chart reveals that this pullback is forming a bullish reversal pattern, potentially signaling a resurgence of buyer interest in this memecoin.
<h2 id="b-key-retracement-level-set-pepe-price-for-fresh-rally-b-span-style-font-weight-400-span">Key Retracement Level Set PEPE Price for Fresh Rally?&nbsp;</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">The PEPE price rebounded at least thrice from the channel pattern boundaries reflecting the strong influence it has on market participants.</li>
 <li style="font-weight: 400;" aria-level="1">The declining price may find a surge in demand pressure at $0.00000084 support</li>
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in the Pepe coin is $49.47 Million, indicating a 39% gain.</li>
</ul>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/b/brYrafpZ.png" alt="Pepe Coin Price Prediction" width="1946" height="873">
 <figcaption class="wp-caption-text">
 Pepe Coin Price Prediction| TradingView Chart
 </figcaption>
</figure>
As of the latest update, Pepe coin price trades at $0.00000094, marking a 1% intraday gain. This modest rise hints at a possible retest to the recently breached psychological level of $0.000001, testing its stability at this lower plateau.&nbsp;
However, if the coin continues to face significant selling pressure, this downtrend may extend, driven by a descending channel pattern. The closest support level for PEPE investors is pegged at $0.00000084, aligning with the 78.6% <a href="https://coingape.com/glossary/fibonacci-retracement/" rel="noopener noreferrer nofollow">Fibonacci retracement level</a>.
Although such a steep decline suggests a diminishing bullish momentum, the solid support level may present an opportunity for buyers to launch a counteroffensive. A bounce back from this support zone could trigger a bullish breakout from the <a href="https://coingape.com/glossary/parallel-channel-pattern/" rel="noopener noreferrer nofollow">descending channel</a>, marking an early indication of a potential trend reversal.
<h2 id="b-is-pepe-price-at-the-end-of-correction-trend-b">Is PEPE Price At the End Of Correction Trend?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/s/sy8sJHIf.png" alt="PEPE Price" width="1814" height="772">
 <figcaption class="wp-caption-text">
 PEPE Price| TradingView Chart
 </figcaption>
</figure>
The weekly time frame chart shows the Pepe coin price is developing a well-known bullish reversal pattern called inverted head and shoulder. If the chart pattern holds true, this memecoin is witnessing a last pullback before the price surges back to the neckline resistance around $0.00000165, registering a potential 80% gain.
<ul>
 <li style="font-weight: 400;" aria-level="1">Bollinger band: A downtick in the lower boundary of the Bollinger band reflects the selling momentum is still aggressive.</li>
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">RSI</a> slope at 33% indicates that further correction may push the PEPE price to an oversold region.</li>
</ul>
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The post <a href="https://coingape.com/markets/pepe-coin-price-prediction-dip-pepe-regains-0-0000015/" rel="noopener noreferrer nofollow">Pepe Coin Price Prediction Hints Final Dip Before $PEPE Regains $0.0000015 Mark</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price Prediction Hints Final Dip Before $PEPE Regains $0.0000015 Mark

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