Pepe Coin Price Analysis: $PEPE Price See 10% Jump Above this Barrier
Pepepcoin Price Analysis: On August 8th, the Pepecoin price gave a bullish breakout from the resistance trendline of a falling wedge pattern. This pattern completion signals a trend reversal and triggers a V-shaped recovery in the daily time frame chart. Amid the seven days rally, the prices recorded 30% growth reaching the current price of $0.00000143. Will this recovery extend?
Also Read: Will Pepe Coin (PEPE) Price Reclaim $0.00000155 Milestone?
Pepecoin Price Daily Chart
- A bullish breakout from the $0.00000154 resistance set the PEPE price for a 10% rally
- The coin price reclaimed the 4-hour EMAs(20 and 50) could offer additional support to rising prices.
- The 24-hour trading volume in the Pepecoin coin is $107.5 Million, indicating a 42.5 % loss.
Source- Tradingview
A V-shaped recovery signals aggressive buying and an attempt from bulls to reclaim trend control. So far the PEPE price rally has reclaimed two significant horizontal resistance of $0.00000120, and $0.00000131.
With an intraday gain of 5.15%, the coin buyers rechallenge the combined resistance of $0.0000145 and 50% Fibonacci retracement level. However, after a sudden rally, the frog-themed memecoin could show a minor retracement to absorb the build-up selling pressure.
If the bullish momentum persists, the crypto buyers could give a breakout from the 0.5 FIB level. Reclaiming this barrier will serve as a crucial signal as buyers have offset 50% region control of the seller.
The post-breakout rally would trigger a quick 10% to $0.0000016.
Can Pepecoin Price Still Resume Downward Trend?
If the anticipated reversal plunged below $0.00000131, the coin holders would still be under the threat of a downtrend continuation. This breakdown may catalyze a 9.5% drop to test the immediate support of $0.0000012.
- Exponential Moving Average: The 100-day EMA at $0.00000145 increases the resistance power of this barrier.
- Moving Average Convergence Divergence: The increasing gap between the MACD(blue) and signal(orange) reflects rising bullish momentum in the market.
- ‘Great Progress’: Cardano Founder Shares Update After CLARITY Act Roundtable
- Jerome Powell Signals No Rush to Cut Rates, Bitcoin Falls
- FOMC Meeting: Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
- “Beyond a Centralized Exchange” Bitget CEO Unpacks Universal Exchange Vision on 7-Year Anniversary
- Breaking: CME Group to Launch Solana and XRP Futures Options as Institutional Demand Grows
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
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.
Premium Partners
