bullish

Rally

PEPE

Gains

<p><a href="https://captainaltcoin.com/meme-coin-price-predictions-whats-next-for-dogecoin-shiba-inu-and-pepe-based-on-on-chain-metrics/" target="_blank" rel="noopener noreferrer nofollow">PEPE’s price </a>has been on a downward trend over the past day, but its trading volume saw a 30.65% boost, suggesting that investors are beginning to have faith in the coin. At press time, it is trading at $0.0000007259.&nbsp;</p>
<p>Crypto Analyst “@Decilizer” shared with his followers today that $PEPE is “gaining strength,” and if<a href="https://captainaltcoin.com/bitcoin-price-breaks-60k-again-why-are-crypto-prices-up-today/" target="_blank" rel="noopener noreferrer nofollow"> Bitcoin maintains its bullish trend</a>, the token may trim a zero from its price. He also mentioned that $SHIB and $DOGE are stepping up in the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> sector, leading the charge alongside PEPE.&nbsp;</p>
<h2 class="wp-block-heading" id="pepe-s-key-support-and-resistance-levels">PEPE’s Key Support and Resistance Levels</h2>
<p>The chart posted by the analyst indicates two key support levels: $0.0000007 and $0.0000004. These levels have held steady during price dips, suggesting strong buyer interest. This $0.0000007 level has been tested multiple times, indicating it as a consolidation zone after minor pullbacks.</p>
<p>On the resistance side, PEPE is facing a challenge at 0.00000110 USDT. This level has previously rejected upward price movement, making it a significant hurdle. If PEPE can break above this resistance, it might push towards further bullish momentum, especially with broader market support.</p>
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<h2 class="wp-block-heading" id="pepe-s-chart-analysis-technical-indicators-signal-momentum">PEPE’s Chart Analysis: Technical Indicators Signal Momentum</h2>
<p>The chart also shows the 50-period EMA (Exponential Moving Average) acting as dynamic support for PEPE’s price. This token remains above the EMA, which is generally considered a bullish signal. This suggests that the coin may be gearing up for another move higher.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-1024x526.png" alt="" class="wp-image-556249" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-1024x526.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-767x394.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-1536x789.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-2048x1052.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-292x150.png 292w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-681x350.png 681w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe-788x404.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/pepe.png 1538w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Image Source: <a href="https://x.com/decilizer/status/1836361209064624560" target="_blank" rel="noopener noreferrer nofollow">X/Decilizer</a>
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</figure>
<p>The RSI hovers around the 40-60 range, indicating neutral momentum. This shows that there is still room for price movement in either direction. Moreover, volume spikes also appeared during price surges, hinting at potential volatility.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/chainlink-consolidates-below-key-resistance-link-price-rally-incoming/" target="_blank" rel="noopener noreferrer nofollow">Chainlink Consolidates Below Key Resistance: LINK Price Rally Incoming?</a></em></strong></p>
<h2 class="wp-block-heading" id="what-s-next-for-pepe">What’s Next for PEPE?</h2>
<p>Decilizer mentioned that <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">PEPEs’ price</a> saw an 11X surge in gains which is a substantial increase during favorable market conditions. He also said that if Bitcoin stays bullish, PEPE may trim a zero from its price.&nbsp;</p>
<p>However, this will likely require a strong catalyst, with memecoin interest and volume driving upward momentum.</p>
<p>Decilizer also mentioned that <a href="https://www.binance.com/en-NG/trade/SHIB_DOGE" target="_blank" rel="noopener noreferrer nofollow">$SHIB and $DOGE</a> are showing strength in the market. These two are stepping up, potentially encouraging a broader rally in the memecoin sector. He added that their performance could create a ripple effect, positively influencing PEPE’s trajectory.</p>
<p>Finally, while PEPE holds above its key support levels, traders and investors are waiting patiently for a breakout above 0.00000110 USDT, which could signal upward movement.</p>
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<p>The post <a href="https://captainaltcoin.com/does-pepe-chart-indicate-11x-move-shib-and-doge-are-stepping-up/" rel="noopener noreferrer nofollow">Does PEPE Chart Indicate 11x Move? $SHIB and $DOGE Are ‘Stepping up’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Does PEPE Chart Indicate 11x Move? $SHIB and $DOGE Are ‘Stepping up’

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