Pepe Coin

Pepe

Coin

Pepe Coin Price Prediction: Over the last two months, the frog-themed <a href="https://coingape.com/glossary/meme-cryptocurrency/" rel="noopener noreferrer nofollow">meme cryptocurrency</a> PEPE has experienced a consistent decline on the daily chart. It fell nearly 50% from a high of $0.00000175 to a low of $0.00000086, significantly impacting investors. However, analysis of the technical charts reveals this downtrend as part of a key reversal pattern, suggesting a potential turnaround and opening up opportunities for buyers to make a comeback.
Also Read: <a href="https://coingape.com/blog/meme-coin-price-prediction-future-of-meme-coins-analyzed/" rel="noopener noreferrer nofollow">Meme Coin Price Prediction: Future of Meme Coins Analyzed</a>
<h2 id="b-will-pepe-price-hold-the-0-000001-support-b">Will PEPE Price Hold the $0.000001 Support?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/0/0xFZZjmP.png" alt="BINANCE:PEPEUSDT Chart" width="1946" height="937">
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 PEPE Price| Tradingview
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According to a recent analysis by @alichart, $PEPE cryptocurrency is showing technical signs of an upcoming bullish trend on its 3-day chart. It’s forming the right shoulder of a head-and-shoulders pattern, and the TD Sequential indicator has issued a buy signal.&nbsp;
This combination of factors suggests a potential upward momentum for $PEPE, making it a point of interest for traders and investors alike. The inverted head and shoulders pattern signals a bullish reversal at a downtrend’s end, featuring three troughs with the central one deepest.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> is currently showing signs of forming the right shoulder of a head-and-shoulders pattern on its 3-day chart. Additionally, the TD Sequential indicator has issued a buy signal within this timeframe, suggesting an anticipated bullish impulse for <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PEPE</a>. <a href="https://t.co/brSr7uln3z" rel="noopener noreferrer nofollow">pic.twitter.com/brSr7uln3z</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1756334277636059217?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 10, 2024</a>
</blockquote>
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Amid the renewed recovery in the crypto market, the <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">PEPE price</a> has surged from $0.00000086 to $0.00000102, registering a 16% weekly gain. If the pattern holds true, the Pepe price should rise to the neckline resistance at $0.00000162, resisting a potential gain of 55%.
Also Read: <a href="https://coingape.com/crypto-prices-today-bitcoin-crosses-47k-ethereum-at-2-5k-pepe-recovers-as-bonk-leads-rally/?utm_source=sidebartabnews" rel="noopener noreferrer nofollow">Crypto Prices Today: Bitcoin Crosses $47K, Ethereum At $2.5K, PEPE Recovers As Bonk Leads Rally</a>
<h2 id="b-when-will-pepe-price-recovery-start-b">When Will PEPE Price Recovery Start?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/v/VYEdVmvG.png" alt="BINANCE:PEPEUSDT Chart" width="1946" height="937">
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 PEPE Price| Tradingview
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In a deeper analysis of the Daily time frame chart, the ongoing correction in Pepe Price is resonating within the two converging trend lines of a falling wedge pattern. In theory, this chart pattern is another setup that hints at the maturity of a correction trend and the potential for higher recovery. Under favorable bullish conditions, the paper price should signal the start of a fresh recovery trend, providing new long-entry opportunities to traders.
Depending on the time of breakout, the PEPE price will need 2-3 weeks before reclaiming the $0.0000014 mark
<ul>
 <li aria-level="1">Bollinger band: An upswing in the lower boundary of the <a href="https://coingape.com/education/bollinger-band/" rel="noopener noreferrer nofollow">Bollinger band</a> indicator provides additional support for PEPE buyers at $0.00000084.</li>
 <li aria-level="1">Moving Average Convergence Divergence: A bullish crossover state between the MACD and signal line, reflects an early sign of recovery from buyers.</li>
</ul>
The post <a href="https://coingape.com/markets/pepe-coin-price-prediction-will-pepe-reclaim-0-0000014-by-feb-end/" rel="noopener noreferrer nofollow">Pepe Coin Price Prediction: Will $PEPE Reclaim $0.0000014 By Feb End?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price Prediction: Will $PEPE Reclaim $0.0000014 By Feb End?

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