Memetic / PepeCoin

The creation of a bullish reversal pattern suggests that Pepe Coin might be gearing up for a comeback.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />PEPE’s price correction is expected to persist while the wedge pattern holds. A potential bounce could occur around the combined support of $0.00000084 and the 78.6% Fibonacci retracement level. The current 24-hour <a href="https://cryptosheadlines.com/pepe-coin-surpasses-btc-and-eth-in-trading-volume-8m-worth-locked/" rel="noopener noreferrer nofollow">trading volume for Pepe Coin</a> stands at $56.4 million, reflecting a 29% loss.<h3 id="pepe-coin-price-analysis-a-potential-reversal-signal">Pepe Coin Price Analysis: A Potential Reversal Signal</h3>In the past two months, Pepe Coin, the frog-themed meme cryptocurrency, has been going down steadily on the daily chart. It fell by almost half, from its highest point of $0.00000175 to a low of $0.00000086, which has been tough for investors. But when we look at the technical analysis of the charts, it seems this drop might be part of a significant pattern that could signal a change in direction. This suggests there could be a chance for buyers to <a href="https://cryptosheadlines.com/crypto-market-jumps-as-u-s-binance-investigation-may-end/" rel="noopener noreferrer nofollow">jump back into the market</a>.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-14.png?resize&#61;640%2C307&amp;ssl&#61;1" />PEPE Price| TradingviewAccording to a recent analysis by &#64;alichart, Pepe Coin is showing signs that it might be about to start going up on its 3-day chart. It’s making the right side of a pattern called a head-and-shoulders, and a tool called the TD <a href="https://cryptosheadlines.com/shiba-inus-td-sequential-buy-signal-indicates-94-upsurge-rate/" rel="noopener noreferrer nofollow">Sequential indicator has said it’s time to buy</a>. All these things together mean that <a href="https://cryptosheadlines.com/pepe-coin-and-imx-rise-monero-faces-bearish-trend/" rel="noopener noreferrer nofollow">Pepe Coin</a> might start going up, which is catching the eye of people who trade and invest.The inverted head and shoulders pattern is a special shape on a chart that usually means the price might start going up after going down for a while. It looks like three bumps, with the one in the middle being the lowest. With the wider cryptocurrency market starting to recover, Pepe Coin has gone up in price from $0.00000086 to $0.00000102 in just one week, which is a gain of 16%. If this pattern keeps going like it usually does, Pepe’s price might climb up to $0.00000162, which could mean a gain of 55%.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Blue-Modern-Profile-Twitter-Header.png?fit&#61;1500%2C500&amp;ssl&#61;1" /><h3 id="deeper-analysis-of-pepe-coin-price-trends">Deeper Analysis of Pepe Coin Price Trends</h3><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-17.png?resize&#61;640%2C307&amp;ssl&#61;1" />PEPE Price| Tradingview<a href="https://cryptosheadlines.com/vr-token-skyrockets-71-after-victoria-vrs-cqb-arena-announcement/" rel="noopener noreferrer nofollow">Also Read: VR Token Skyrockets 71% After Victoria VR&#39;s CQB Arena Announcement</a>After closely looking at the daily chart, it’s clear that <a href="https://cryptosheadlines.com/market-surge-btc-eth-and-pepe-coin-prices-rise/" rel="noopener noreferrer nofollow">Pepe Coin’s price</a> is stuck in a falling wedge pattern. This pattern suggests that the current downtrend might be coming to an end, and there’s a chance for a big recovery. If things go well for buyers, breaking out of this pattern could kick off a new upward trend, giving traders a chance to get in for the long haul.Depending on when this breakout happens, it could take about 2-3 weeks for Pepe’s price to get back to $0.0000014, showing a possible change in direction soon.<h3 id="support-indicators">Support Indicators</h3>The Bollinger Band: When the lower part of this band starts going up, it gives more support to people buying Pepe Coin at $0.00000084. This might make them feel more confident that the price will keep going up.Moving Average Convergence Divergence (MACD): When the MACD line crosses over the signal line, it’s a sign that buyers are starting to take control again. This could <a href="https://cryptosheadlines.com/geminis-support-for-pepe-coin-what-does-it-mean-for-traders/" rel="noopener noreferrer nofollow">mean Pepe Coin’s</a> price will start going up, adding to the chances of an upward movement.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

$PEPE Price Forecast: Reclaim $0.0000014 by Feb End?

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