PEPE Nears Critical Support at $0.00002009, Can Bulls Stage a Rally?
Release: 2024/12/16 17:29 Reading: 304
PEPE Technical Analysis
PEPE is eyeing support at $0.00002009 as buyers seek a rebound. The next resistance level is $0.00002774, with T1 at $0.00004251.
The market structure remains bullish, but failure to maintain $0.00002009 may lead to a price drop towards $0.00001619. Stop-loss is recommended below $0.00001500.
Fibonacci retracement levels indicate strong support zones. Buyers defend dips while watching for bullish breakout opportunities.
PEPE Daily Chart
PEPE's daily chart is approaching an imminent correction towards its critical support zone at $0.00002009. This level offers a lucrative buying opportunity. At the time of writing, PEPE is trading at $0.00002366, a 1.41% gain over the past 24 hours.
Support Levels and Buying Opportunities
$0.00002009 emerges as the immediate key support level. If buyers hold this price effectively, the uptrend could resume. Fibonacci retracement levels reinforce this zone, with the 0.618 level aligning near $0.00001961. The market anticipates a rebound from this area, targeting a new rally phase.
Below the current support, the next key downside zone lies at $0.00001619, corresponding to the 0.786 Fibonacci level. This zone acts as a stop-loss level for risk management. Analysts advise maintaining a stop-loss below $0.00001500 to mitigate potential downside risk.
Key Targets and Market Structure
The chart shows an initial upward target of $0.00002774, representing the previous high. A breakout above this resistance confirms bullish momentum and signals continued strength. Beyond this, T1 is set at $0.00004251, a significant resistance point.
The market structure remains bullish despite minor corrections. PEPE experienced a robust uptrend in early November, with buyers defending lower levels during pullbacks. Price consolidation between $0.00002259 and $0.00002366 indicates indecision but maintains overall upward potential.
Technical Outlook and Strategy
Candlestick formations confirm that buyers actively support PEPE around current ranges. Momentum indicators also signal steady market strength. Traders should closely observe the $0.00002009 level, as failure to hold this support could prompt further declines.
If the price rebounds successfully, a move towards $0.00002774 and $0.00004251 could unfold. Risk management remains crucial, with stop-loss placement below $0.00001500.
Source: Rose Premium Signals
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
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 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
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