Pepe Coin Price Prediction: Is a Rally on the Horizon
Release: 2024/02/12 17:34 Reading: 544
Frog-themed token Pepe surged by 15.50% over the last seven days, correlating with Bitcoin's rise above the $48,000 level, indicating a reversal from a month-long downtrend.
The price of Pepe has been consistently declining on the daily chart for the past two months.
A deeper analysis of the daily timeframe chart reveals that Pepe's price correction is confined within a falling channel pattern.
According to Coingabbar Price Analysis, If the observed pattern persists, it suggests that Pepe's price might move upwards towards the neckline resistance positioned at $0.00000162, potentially resulting in a gain of nearly 50%.
KEY LEVELS :
RESISTANCE LEVEL : $0.000001200-$0.000001500
SUPPORT LEVEL : $0.000000850-$0.000000600
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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