PEPE Coin Surges After BTC-ETF Approval, Bright Future Ahead
Release: 2024/01/13 07:04 Reading: 215
- 1 The coin has been indicating a strong uptrend, and the long-term outlook seems optimistic.
- 2 The CMP is trading at $0.00000135 with an intraday decline of 0.87%.
Pepe coin is a popular meme coin. The features such as a strong deflationary mechanism, a creatively unique redistribution system, and most promising which is a lack of taxation.
Therefore, these characteristics and features not only distinguish and characterize Pepe coin from other meme coins but also aid in contributing to its stability and long-term success. As a result, the long-term outlook for the Pepe coin looks bright and promising.
Furthermore, the recent approval of Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has significantly boosted the overall sentiment and momentum of the cryptocurrency market, with impressive gains seen in the (PEPE) token in particular over the past few sessions.
The increased demand for digital asset investments has fueled the bullish trend, as investors remain optimistic about the future of Bitcoin and the broader cryptocurrency market.
PEPE Coin Chart
PEPE has jumped 45.52% from January 8th taking support on the crucial demand zone at $0.0000011000. The PEPE crypto has displayed a sign of strong revival as the price bounced back from the same critical level on the charts.
The coin has been indicating a strong uptrend, and the long-term outlook seems optimistic.
Further, it seems, the PEPE crypto is primed for a phenomenal rally in the upcoming days, and could possibly break the resistance levels and zoom to new highs from the current base zone.
The CMP is trading at $0.00000136 with an intraday decline of 0.87%, overall price structure is bullish and making higher highs and higher lows on the chart.
The next resistance level for PEPE is at $0.0000014400, while the support level is at $0.0000012500. The technical indicators for PEPE show a bullish outlook, as MACD is showing a bullish cross.
RSI is above 14 SMA, showing it has space to surge on a daily time frame, indicating that the asset is not losing steam and can continue to climb higher. Moreover, the EMAs are supporting the price as it is above all major EMAs, this is demonstrating bullish strength and upward momentum.
Summary
PEPE price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The PEPE price action highlights a bullish view at the time of publishing, as it recently took advantage to surge from a pivotal level.
Moreover, the technical parameters of the PEPE price suggest the continuation of the uptrend, contingent on the buyer’s surge, over the daily time frame chart. The RSI and EMAs are showing bullish gestures regarding the PEPE price.
In addition, if the demand for the PEPE remains high, the asset price could advance higher and reach higher levels in the process.
Technical Levels
Support Levels: $0.0000012500
Resistance Levels: $0.0000014400
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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