Pepe Coin

Pepe

Pepe Coin Price: The pre-halving consolidation in the <a href="https://coingape.com/price-predictions/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a> is strongly influencing most of the major coins including PEPE. This frog-themed memecoin has been wavering sideways for the past four days with short-bodied candles indicating a lack of initiation from buyers or sellers. However, the asset close to crucial support amid the Bitcoin-halving event indicates a higher potential for renewed recovery.
Also Read: <a href="https://coingape.com/blog/pepe-vs-shiba-inu-which-ethereum-memecoin-to-buy-before-halving/" rel="noopener noreferrer nofollow">Pepe vs Shiba Inu: Which Ethereum Memecoin To Buy Before Halving?</a>
<h2 id="b-pepe-coin-price-potential-reversal-amid-coinbase-listing-b">Pepe Coin Price Potential Reversal Amid Coinbase Listing</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/x/x2Z7rbZ9.png" alt="BINANCE:PEPEUSDT " width="1946" height="893">
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 Pepe Coin Price| Tradingview
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For over a month, the <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">Pepe coin price</a> has witnessed a steady downtrend, projecting a new lower high and low in the daily chart. Connecting these swings with trendlines created a channel pattern— a common technical setup that leads to an active downtrend before an imminent breakout.
<blockquote>
 From the mid-March high of&nbsp; $0.00001084, the <a href="https://coingape.com/pepe-coin-price-soars-6-profit-booking-selloff-ahead/" rel="noopener noreferrer nofollow">PEPE</a> price plunged 55% to currently exchange hands at the $0.00000492 mark. Despite the downturn, this memecoin maintains its position among the top 50 cryptocurrencies with a market cap of $2.07 Billion.
</blockquote>
If the selling pressure persists, the PEPE coin could extend its correction by 25% to hit the channel pattern’s lower trendline at $0.0000035. However, with the Bitcoin Halving just around the corner and Coinbase Advanced’s upcoming launch of the 1000PEPE-PERP markets poised to have a significant impact on PEPE coin’s trading dynamics.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are adding support for PEPE perpetual future on Coinbase Advanced.
 The opening of our 1000PEPE-PERP markets will begin on or after 9:30am UTC on 18 APR 2024. <a href="https://t.co/yGBWSswiRx" rel="noopener noreferrer nofollow">pic.twitter.com/yGBWSswiRx</a>
 — Coinbase Traders (@coinbasetraders) <a href="https://twitter.com/coinbasetraders/status/1778453642749648958?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This development would likely bolster a bullish reversal from the pattern’s lower trendline and set PEPE on a new recovery trend.
Having said that, the buyers will gain better control over this asset with the upside breakout of the channel pattern. The post-breakout rally could chase the Pepe price to $0.00001084. 
Also Read: <a href="https://coingape.com/sponsored/pepecoin-unleashed-pepe-price-prediction-shiba-budz-millionaire-potential/" rel="noopener noreferrer nofollow">Pepecoin Unleashed: PEPE Price Prediction, Shiba Budz Millionaire Potential</a>
<h3 id="b-technical-indicator-b">Technical Indicator</h3>
<ul>
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The PEPE price trading below the 20-and-50-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMA</a> highlights the near-term trend is bearish. Moreover, a potential bearish crossover among these EMA slopes could accelerate selling momentum.</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/" rel="noopener noreferrer nofollow">MACD</a>(blue) and Signal(orange) in a negative crossover state indicate a steady downtrend in the Pepe Coin.</li>
</ul>
The post <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> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price Eyes Key Breakout Ahead of Bitcoin Halving

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