Pepe Coin Price Prediction Hints Final Dip Before $PEPE Regains $0.0000015 Mark

Sahil Mahadik
Updated
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Pepe Price

Pepe Coin Price Prediction: PEPE, The Frog-themed Memecoin, has been experiencing a downward trend for almost two months, following its peak price of $0.00000175. This correction phase wiped out over 50% of the gains made during its rally in October-November, leading to a 46% drop in the PEPE price, which now stands at $0.00000094. 

Nonetheless, an analysis of the daily time frame chart reveals that this pullback is forming a bullish reversal pattern, potentially signaling a resurgence of buyer interest in this memecoin.

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Key Retracement Level Set PEPE Price for Fresh Rally? 

  • The PEPE price rebounded at least thrice from the channel pattern boundaries reflecting the strong influence it has on market participants.
  • The declining price may find a surge in demand pressure at $0.00000084 support
  • The 24-hour trading volume in the Pepe coin is $49.47 Million, indicating a 39% gain.
Pepe Coin Price Prediction
Pepe Coin Price Prediction| TradingView Chart

As of the latest update, Pepe coin price trades at $0.00000094, marking a 1% intraday gain. This modest rise hints at a possible retest to the recently breached psychological level of $0.000001, testing its stability at this lower plateau. 

However, if the coin continues to face significant selling pressure, this downtrend may extend, driven by a descending channel pattern. The closest support level for PEPE investors is pegged at $0.00000084, aligning with the 78.6% Fibonacci retracement level.

Although such a steep decline suggests a diminishing bullish momentum, the solid support level may present an opportunity for buyers to launch a counteroffensive. A bounce back from this support zone could trigger a bullish breakout from the descending channel, marking an early indication of a potential trend reversal.

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Is PEPE Price At the End Of Correction Trend?

PEPE Price
PEPE Price| TradingView Chart

The weekly time frame chart shows the Pepe coin price is developing a well-known bullish reversal pattern called inverted head and shoulder. If the chart pattern holds true, this memecoin is witnessing a last pullback before the price surges back to the neckline resistance around $0.00000165, registering a potential 80% gain.

  • Bollinger band: A downtick in the lower boundary of the Bollinger band reflects the selling momentum is still aggressive.
  • Relative Strength Index: The daily RSI slope at 33% indicates that further correction may push the PEPE price to an oversold region.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.