Pepe Coin Price Prediction as Healthy Retracement Prepare Buyers for 28% Leap
Release: 2023/11/20 06:16 Reading: 937
Pepe Coin Price Prediction: The recent price behavior of Pepe coin has been predominantly lateral, oscillating between the horizontal levels of $0.00000145 and $0.000001. Despite significant price fluctuations, the lack of clear directional progress highlights the prevailing uncertainty among market participants. However, an analysis of the daily time frame chart suggests that this consolidation phase is shaping up as the right shoulder of a bullish reversal pattern known as the head-and-shoulders, signaling a potential bullish outlook in the near future.
Also Read: Bitcoin ETF: SEC Reportedly in Talks With Exchanges
Will Recovery Hit $0.00001?
- The formation of an inverted head and shoulder bolster buyers to surpass $0.00001
- The $0.0000013 $0.000001 may provide suitable support to buyers
- The 24-hour trading volume in the Pepe coin is $54 Million, indicating a 69% gain.
src="/uploads/20231120/1700432193655a894193fc9.png">Source- Tradingview
The Pepe coin price recovery journey is encountering a significant hurdle at the $0.00000045 level. Amidst current market uncertainty, the price of this memecoin retreated from this peak, decreasing by 22% to its present trading value of $0.00000115.
Nevertheless, the decrease still exceeds the 38.2% Fibonacci retracement level, indicating that the upward trend is still intact. Over the past week, the cryptocurrency's price has shown multiple long-tailed rejection candles near $0.00000114, suggesting that buyers are increasingly accumulating at these lower prices.
If Pepe coin manages to stay above the $0.000001 level, there is a chance for buyers to push the price up to $0.00000145, which could test the resistance at the neckline of the inverted head and shoulders pattern.
If the $0.00000145 neckline is successfully broken, it could increase buying momentum, possibly resulting in a 60% increase towards the $0.00000023 level.
PEPE vs DOGE vs SHIB Performance
src="/uploads/20231120/1700432193655a894193fc9.png">Source: Coingape | Comparing the Price of Pepecoin, Dogecoin, and Shiba Inu In this article, we will examine and compare the price performance of three cryptocurrencies: Pepecoin, Dogecoin, and Shiba Inu.
When comparing the price movements of Pepe coin with other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) over the past three months, it becomes clear that Pepe coin has been more prone to volatility. Unlike DOGE and SHIB, which have shown relatively stable recoveries, Pepe coin experienced a sudden surge followed by a prolonged period of sideways movement. This increased volatility may discourage cautious traders from getting involved with Pepe coins.
- Moving Average Convergence Divergence: A bearish crossover state between the MACD and Signal line reflects that its asset is in correction sentiment.
- Average Directional Index: The daily ADX slope at 47% reflects a pullback phase is needed to recuperate bullish momentum.
The post Pepe Coin Price Prediction as Healthy Retracement Prepare Buyers for 28% Leap appeared first on CoinGape.
Recent news
More>- Crazy Biden (CRAZBIDE) Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-22
- 5 Memecoins Poised for Gains Under Trump’s Crypto-Friendly Agenda 11-22
- Must-Buy Altcoins for Massive Gains Ahead of Bitcoin’s $100K Surge! 11-22
- 3 altcoins under $1 set to explode like the Dogecoin and XRP price 11-22
- The 4 Top Cryptos for Long-Term Investment: How Polkadot, Dogecoin, XRP & BlockDAG Stack Up 11-22
- The 4 Top Cryptos for Long-Term Investment: How Polkadot, Dogecoin, XRP & BlockDAG Stack Up 11-22
- Donald Nukes Ukraine Solana Memecoin Will Skyrocket 15,000% Ahead of Exchange Listing, As Shiba Inu and Dogecoin Underperform 11-22
- Shiba Inu Coin Price Set To Surge, As Pepe And New Meme Coin Trend Globally 11-22
- Bonk (BONK) Sets New ATH. Which Bullish Memecoins Are Next? 11-22
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com