Pepe Coin

Pepe

Pepe Coin Price Prediction: On Monday, the cryptocurrency market witnessed a significant inflow following the lead of <a href="https://coingape.com/bitcoin-price-top-analyst-warns-massive-liquidation-btc-hits-71k/">Bitcoin</a> price recovery to $72000. This recovery accelerated the relief rally for a majority of altcoins but especially the memecoin sector. The top assets of this category like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Bonk, show recorded a notable uptick reflecting the investor’s interest in them during the market rally. 
Also Read: <a href="https://coingape.com/markets/crypto-price-prediction-4-8-meme-coins-gain-btc-surge-to-72k/">Crypto Price Prediction 4/8: Memecoins Gain Momentum With BTC Surge to $72K</a> 
<h2 id="b-will-the-bullish-pennant-lead-to-a-major-price-rally-b">Will the Bullish Pennant Lead to a Major Price Rally?</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/7/7Zjgf6sQ.png" alt="BINANCE:PEPEUSDT Chart" width="1946" height="937">
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 Pepe Coin Price Prediction| Tradingview
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For over a month, the <a href="https://coingape.com/price/pepe-coin/">Pepe coin price</a> has traded sideways resonating with the two converging trendlines of a bullish pennant pattern. The continuation setup developed above the 50% retracement level also highlights health retracement which allows the buyers to regain control over this asset. 
On April 5th, the <a href="https://coingape.com/markets/can-pepe-coin-price-hit-0-00001-ahead-of-bitcoin-halving/">Pepe Price</a> witnessed its latest reversal from the pattern’s support trendline, bolstering the 20% up to reach the $0.0000076 mark. If the broader market remains bullish, the coin buyers may push the price another 8% to hit the overhead trendline at $0.0000082. 
<blockquote>
 A successful breakout above the pennant pattern will favor buyers and signal the continuation of the recovery trend. The post-breakout rally could chase the initiated target of $0.0000108, followed by $0.000013 and an ambitious high of $0.0000167.
</blockquote> 
However, on a contrary note, if the coin price breaks below the lower support trendline, the supply pressure intensifies and prolongs the current correction. This breakdown could push the Pepe coin to the $0.00000313 mark. 
Technical Indicator 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Super Trend: The daily chart projecting a green film on the PEPE price indicates the broader trend remains bullish.</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/">MACD</a>(blue) and Signal(orange) moving flat above the midline often indicate a constructive pullback for buyers to recuperate strength.</li> 
</ul> 
The post <a href="https://coingape.com/markets/pepe-coin-price-prediction-hints-pullback-pepe-breaks-0-0001/">Pepe Coin Price Prediction Hints Last Pullback Before $PEPE Breaks $0.00001</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Pepe Coin Price Prediction Hints Last Pullback Before $PEPE Breaks $0.00001

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Alte articole publicate pe 8 apr. 2024

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