Pepe Crypto Ready for 60% Rally: Best levels to buy

Pepe crypto is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines.

In this article, we will look at pepe crypto price prediction along with weekly analysis and news roundup.

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PEPE Crypto Price Analysis

• Price: $0.00009123
• Market Cap: $4,105,642,041
• 24h Trading Volume: $1.53 billion
• Circulating Supply 420,690,000,000,000
• Total Supply 420,690,000,000,000
• Max Supply 420,690,000,000,000

Img src- Altfins

Bullish breakout from Channel Down pattern, above 200-day moving average ($0.0000093), signaled resumption of Uptrend. Now it’s trading in a Channel Up pattern. Upside potential to $0.000013. Stop Loss at $0.000087.

Weekly Price Analysis

Over the past week, PEPE’s performance has been fluctuating, reflecting the volatile nature of meme coins. The price has increased by 10%, but resistance at the $0.00001 mark is hindering a further rally.

• 7-day Price Change: +10%
• Weekly Open Price: $0.000083
• Weekly High: $0.00009503
• Weekly Low: $0.0000909
• Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Down.
• Momentum is Bearish ( MACD Line crossed below MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently.
• Support and Resistance: Nearest Support Zone is $0.0000091, then $0.0000078. Nearest Resistance Zone is $0.0000113, then $0.000013.

Technical Indicators

Technical indicators show mixed signals for PEPE, suggesting that its future price movement will heavily depend on market momentum.

• RSI (Relative Strength Index): 61.7, indicating moderately bullish sentiment.
• ADX (Average Directional Index): 17.13, reflecting a possible strengthening of the current trend.

News Roundup

1. Altcoin Rally: The ongoing altcoin season could push PEPE higher, especially if it surpasses the key resistance level of $0.000015.
2. Meme Coin Supercycle: PEPE benefits from the meme coin frenzy, which has also boosted interest in competitors like DOGE and SHIB.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Harsh Panghal

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