Flow

Pepe

Rise

Coin

MN Coin

<ul class="news-points"> 
 <li>PEPE could break below the $0.0000012 support as indicated by the CMF.</li> 
 <li>The rise in capital inflows might invalidate a bearish thesis for PEPE.</li> 
 <li>The Funding Rate jumped, indicating that the price could pump into $0.0000015.</li> 
</ul> 
On January 11, <a href="https://coinedition.com/pepe-and-bonk-tank-80-from-december-highs-can-they-recover/">Pepe (PEPE)</a> rose to $0.00000149 but was quickly pushed back to $0.0000011 by January 12. The decline implied that sellers had entered the market and prevented the memecoin from retesting $0.0000015. 
A previous article by Coin Edition <a href="https://coinedition.com/memecoin-rally-pepe-shib-and-bonk-rally-post-bitcoin-etf-approval/" target="_blank" rel="noreferrer noopener">discussed</a> how PEPE could hit new highs due to the Bitcoin (ETF) approval. Although the token attempted to, bulls were eventually overwhelmed by the broader market correction. 
<h2 class="wp-block-heading" id="h-price-eyes-another-rise">Price Eyes Another Rise</h2> 
Despite that, PEPE’s price increased by 8.39% in the last seven days, CoinMarketCap showed. However, it is important to mention that $0.0000015 was a previous resistance for the cryptocurrency.&nbsp; 
So, many bullish order blocks have to come to flip the zone if PEPE wants to climb. If the liquidity coming into the market aligns with the buy side, an extra 5% increase could be possible in the coming days. 
An assessment of the Chaikin Money Flow (CMF) showed that the indicator had dropped to 0.…
The post <a href="https://coinedition.com/pepe-price-analysis-can-the-price-ride-back-to-0-0000015/">PEPE Price Analysis: Can the Price Ride Back to $0.0000015?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

PEPE Price Analysis: Can the Price Ride Back to $0.0000015?

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