Pepe Coin

Pepe

Pepe Coin Price: For the last couple of months, the meme coin sector has shown an intense pullback phase in motion. With the top and hot coins like <a href="https://coingape.com/markets/dogecoin-price-analysis-key-support-level-to-post-bitcoin-halving/" rel="noopener noreferrer nofollow">DOGE</a>, SHIB, and BONK failing to perform, the frog-themed PEPE struggles to escape the bear claws. With a downtrend at play, the meme coin finally finds a solid footing and teases a bounce back shortly.
Also Read: <a href="https://coingape.com/markets/pepe-coin-price-eyes-key-breakout-ahead-of-bitcoin-halving/" rel="noopener noreferrer nofollow">Pepe Coin Price Eyes Key Breakout Ahead of Bitcoin Halving</a>
<h2 id="strong-will-a-bull-cycle-break-the-above-trendline-strong">Will A Bull Cycle Break The Above Trendline?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/q/QLhKFmgZ.png" alt="BINANCE:PEPEUSDT Chart " width="1946" height="829">
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 Pepe Coin Price| Tradingview
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The <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">Pepe coin</a><a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow"> price</a> recently underwent a significant correction starting in mid-March, sharply declining from a high of $0.0000108. This downturn saw the coin break through multiple support levels and fall below the 50-day exponential moving average (EMA), resulting in a 65% drop to a low of $0.00000932. This trend mirrors the broader market sentiment, as seen in the falling channel pattern.
<blockquote>
 Despite this, there are signs of a bullish reversal. Pepe coin has started to consolidate above the 100-day EMA, which, along with a price lower than the 200-day EM&nbsp; &nbsp;ice is now testing the 50-day EMA and facing resistance at $0.0000634. Should it generate sufficient bullish momentum, a breakout rally could be imminent, potentially elevating the coin to price targets of $0.0000092 and $0.0000108 by the end of the month.
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On the flip side, a bearish reversal from the current resistance could challenge the bullish trend, testing the support at the 200-day EMA and the $0.00000393 level. This scenario would require careful monitoring of market dynamics and sentiment.
Also Read: <a href="https://coingape.com/coinbase-delays-pepe-coin-perp-futures-launch-pepe-price-declines/" rel="noopener noreferrer nofollow">Coinbase Delays Pepe Coin Perp Futures Launch, PEPE Price Declines</a>
<h3 id="b-technical-indicator-b">Technical Indicator</h3>
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 <li style="font-weight: 400;" aria-level="1">Moving Average Convergence Divergence: The <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/" rel="noopener noreferrer nofollow">MACD</a> indicates a potential bullish crossover as the meme coin positions itself for a breakout. This development reinforces the bullish sentiment surrounding the coin</li>
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The crucial <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMAs</a> (20,50,100, and 200-day) sustain a positive alignment and continue to provide dynamic support.</li>
</ul>
The post <a href="https://coingape.com/markets/pepe-coin-price-eyes-0-00001-high-as-chart-pattern-end-of/" rel="noopener noreferrer nofollow">Pepe Coin Price Eyes $0.00001 High As Chart Pattern Hints End-of-Correction Trend</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price Eyes $0.00001 High As Chart Pattern Hints End-of-Correction Trend

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