Pepe Coin Price Retreats but Shows Potential for Bullish Breakout
- Price Fluctuation: This week, the price of Pepe Coin retreated from a weekend high of $0.000005030 to the current $0.000004325, yet it maintains a market capitalization exceeding $1.78 billion, significantly above its year-to-date low of $0.0000031, indicating market resilience.
- Market Consolidation: The ongoing price consolidation is primarily influenced by the overall trends in the crypto market, with Bitcoin and most altcoins remaining within a tight range, reflecting cautious sentiment among market participants.
- Rising Trading Demand: Data from CoinGlass shows that Pepe's futures open interest has continued to rise over the past few days, reaching $262 million, well above the year-to-date low of $200 million, indicating increased demand among traders betting on a potential rebound.
- Double Bottom Pattern: Pepe has formed a large double-bottom pattern at $0.0000036, and if it breaks above the neckline at $0.0000072, it is expected to rally by 150% to $0.00001082, showcasing a potential strong bullish breakout opportunity.
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Technical Analysis for PEPE
Technical Sentiment Analysis for Pepe (PEPE). As of , Pepe (PEPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PEPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PEPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pepe (PEPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000173 | 0.00000259 | 0.00000336 | 0.00000423 | 0.00000499 | 0.00000586 | 0.00000662 |
| Fibonacci | 0.00000259 | 0.00000322 | 0.0000036 | 0.00000423 | 0.00000485 | 0.00000523 | 0.00000586 |
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