2024

Pepe

when

<div class="finbold">
 <p class="paragraph">The 2024 crypto market rally has seen meme coins make a major comeback with many of the established ones reclaiming old all-time highs (ATH) and some even setting new ones.</p>
 <p class="paragraph">Simultaneously, new cryptocurrencies have been making the rounds and, in the best cryptocurrency bull market tradition, generating rapid rags-to-riches stories as well as – in the worst crypto bull market tradition – losing investors millions in rug pulls and other scams.</p>
 <p class="paragraph">On April 12, a star of the late cryptocurrency winter – Pepe (PEPE) – appears poised to celebrate its one-year anniversary with a <a rel="noopener noreferrer nofollow" title="massive" href="https://thebittimes.com/tag/massive.html">massive</a> move as technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) reveals it is nearing the end of its consolidation phase.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies under $1 to buy for next week <span class="self-center text-xs text-slate-500">4 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Buy signal for Bitcoin as indicator hints $80,000-plus soon <span class="self-center text-xs text-slate-500">19 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Warren Buffett's favorite books: a guide to the billionaire's bookshelf <span class="self-center text-xs text-slate-500">30 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Are we in the crypto renaissance? Binance transacting users up 26% in six months&nbsp; <span class="self-center text-xs text-slate-500">41 mins ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-pepe-could-move-50-says-crypto-expert">PEPE could move 50% says crypto expert</h2>
 <p class="paragraph">After mostly trading sideways – albeit with significant volatility – in the range between approximately $0.000006 and $0.000009 for the better part of a month, Pepe appears close to breaking out as it has formed a symmetrical triangle.</p>
 <p class="paragraph">The symmetrical triangle is a chart pattern indicating that a consolidation phase is nearing its end with the asset poised to make a major move in either direction.</p>
 <p class="paragraph">Should PEPE start trading outside the range between $0.00000793 and $0.00000664, it is likely it could move as much as 54%, per the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the prominent crypto expert, Ali Martinez, published on X.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$PEPE is preparing for its next move. Watch out for a daily close outside of the $0.00000793 – $0.00000664 range, which could lead to a 54% move for #PEPE. pic.twitter.com/b2hdMOmBpX</p>— Ali (@ali_charts) April 12, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">In the bullish scenario in which Pepe would trade above the higher bound of the range, the token could rise as high as $0.000010766. Conversely, should PEPE token trade below the bottom of the range, its next target might see it fall as low as $0.000003216.</p>
 <h2 class="wp-block-heading" id="h-which-direction-will-pepe-go">Which direction will PEPE go?</h2>
 <p class="paragraph">Technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> retrieved from <em>TradingView </em>on April 12 offers little insight into which scenario may play out though slightly hinting toward the bullish movement.&nbsp;</p>
 <p class="paragraph">The overall rating of the token is ‘neutral’ when based on the 24-hour and 30-day performance but turns into a ‘buy’ when the weekly chart is analyzed.</p>
 <p class="paragraph">Though oscillators remain neutral when based on the daily and weekly chart, the 30-day performance leads to them sharply disagreeing with moving averages as the former read ‘strong sell’ and the latter ‘strong buy.’</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/p2U3SpXiOLGQOy4gGBd2lilJmqiPWdXgIfYjOJ28G8ZsJW1clBkU8NEkrcvhJQQ3OOVJA3JhzBr_3-1o_v9RTZ6Q6ryj3zr-b0Gdv9Mgt8SXXe2n_wPqAsnP5qpF0rf7Ss6vyFhBqqBM3TfYwrZqjPc" alt>
  <figcaption class="wp-element-caption">
   PEPE technicals across three time frames. Source: TradingView
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-pepe-price-chart">PEPE price chart</h2>
 <p class="paragraph">While Pepe’s next move remains unclear beyond the fact it is likely to be significant, it has, in the earlier parts of 2024, shown remarkable strength having exploded 440.56% year-to-date (YTD).</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/w2VNGS99M_ophDYRWLA5h_GCWNgUVGnr7OquCQQMzPUOvOCVGdFO0Bt9PZJ9GngQBsWmR0AfHj5QOh81q8I5reyLwgj1M_O4pK36nLeQZMayScNnaKNoLaxQAe4HTSjwzxn8xD1Zsx7TliqYohWjNwU" alt>
  <figcaption class="wp-element-caption">
   PEPE YTD price chart. Source: Binance
  </figcaption>
 </figure>
 <p class="paragraph">The bulk of the rise has taken place in a brief window between late February and mid-March with the meme coin mostly trading sideways outside the time frame – though with significantly higher volatility in more recent weeks.</p>
 <p class="paragraph">On the monthly chart, the cryptocurrency is 18.50% in the red, and Pepe price today, at press time, stands at $0.000007 after a modest 0.01% rise in the last 24 hours of trading.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-alert-pepe-set-for-massive-50-move-tbt85211.html">https://thebittimes.com/trader-alert-pepe-set-for-massive-50-move-tbt85211.html</a></p>

Trader alert: PEPE set for massive 50% move

Table of Contents

TheBitTimes

Άλλα άρθρα που δημοσιεύτηκαν στις 12 Απρ 2024

Blackrock CEO Expects 2 Rate Cuts This Year; Warns About Inflation

With CKB Price Close To All-Time High, Bulls Expect

Ark Investment Bets Big on OpenAI with $54 Million Fund

Milei Moneda eyes 10x gains; analysts bullish on BCH and SOL

Tiga Pilar Perkembangan Blockchain: Ethereum hingga BlockDAG

Hong Kong Poised to Greenlight Bitcoin and Ethereum Based ETFs

Join our free newsletter for daily crypto updates!