Pepe Coin Price Analysis Hints Last Pullback Before A 52% Upsurge
Highlights
- The momentum inductor RSI projects the PEPE price rising on an exhausted rally, which needs a minor pullback.
- The coin buyers witnessing supply pressure at $0.0000058 resistance.
- The 24-hour trading volume in the Pepe coin is $1.83 Billion, indicating a 13% loss.
Pepe Coin Price Analysis: With the outrageous bull run gaining momentum, the meme coin rally is signaling the start of a new Altcoins season. Spearheading this supersonic rally on the upside, the PEPE coin is outshining the top contenders not just in the meme sector but the entire crypto market. As the demand for the PEPE grows, will this frog-themed Altcoin take another leap for an 86% hike?
Also Read: Pepe Coin Climbs 240% In A Week: Signal For Upcoming Bull Market in Meme Coins?
Rounding Bottom Pattern Governs The Bullish Trend
Amidst the said bull run, the daily chart of the PEPE price shows a remarkable set of bullish candles undermining the previous season of pullback. Burying the doubts of recovery, the meme coin leaps for a 522% jump from February low at $0.000000867 and refuels the tank for a new breakout run.
Peaking this week’s jump at $0.00000545, the meme coin creates a new all-time high, reflecting the rise in underlying demand. As Pepe trades at $0.00000541, the intraday jump of 23% comes with a trading volume of $1.58 Billion, and the hype for PEPE continues to expand in the market.
Further, the daily chart showcases a rounding bottom reversal with this bull run and is ready for a breakout run. Thus, the bull run continues for the PEPE in the daily chart with a new bullish engulfing candle.
Also Read: Whale Dumps 2T Pepe Coin Amid Shiba Inu Hype, PEPE Price Dip Ahead?
PEPE Price See a Minor Pullback Before a Leap to $0.000038
Following a bullish surge beyond its previous all-time high and a clear breakout from a rounding bottom pattern, the price of PEPE has surged dramatically. Analysis of these patterns suggests a strong likelihood of a 52% increase in the upcoming weeks, potentially elevating the price to $0.000008322.
Nonetheless, a retest of the breakout level might occur if trading volumes diminish or market conditions deteriorate. This scenario could offer sideline traders a secondary entry point at $0.000004486.
- Exponential Moving Average: A sudden upswing in the daily EMAs(20,50, and 100) reflects the buyers are aggressive in nature.
- Relative Strength Indicator: the daily RSI line into the overbought territory indicates the PEPE price is poised for a minor pullback.
Related Articles
Recent Posts
- Price Analysis
Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
The Dogecoin price has recently shown renewed strength after a sustained period of consolidation. The…
- Price Analysis
FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
Floki price has drawn strong attention after recording a bullish daily surge of over 30%.…
- Price Analysis
BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
BNB Coin price has entered a powerful phase after breaking through a major resistance level…
- Price Analysis
Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
Aster price has recently shown strong signals on the chart, with a breakout from its…
- Price Analysis
Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
XRP price could be on the cusp of a big move in the coming weeks…
- Price Analysis
Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
Bitcoin price has recently surged to the $120K mark, reclaiming momentum and sparking fresh optimism…