PEPE Coin Analysis Current (December 2024)
1️⃣ Recent performance and expectations:
$PEPE saw a massive surge of over 100% in November 2024, driven by community support and activity from large investors (whales). In December, the coin faced strong resistance at the 🔴🔴$0.0000288 resistance level.
🔴🔴Support at $0.0000101
The current price is hovering around $0.0000222 with a potential for an upward move if the positive factors continue.
2️⃣ Artistic models:
PEPE has drawn several bullish patterns such as the “cup and handle” and “descending triangle”, indicating a potential rise to $0.000028 in December if the positive trends continue. Trading above the 50-day moving average also supports the bullish momentum.
3️⃣ The influence of large investors (whales):
The market has seen a large whale buildup, with large amounts of PEPE being pulled from the platforms, reducing selling pressure. This reinforces the possibility of a near-term price rally, as this pattern has historically shown bullish signals.
4️⃣ Downside risks:
Any decline below the critical support level of $0.000016 could lead to a change in the trend to the downside. However, as long as the currency maintains the key support levels, the positive outlook for 2025 could continue.
♻️Conclusion:✅️
PEPE coin is enjoying an upward momentum driven by technical analysis and the activity of large investors. However, the market remains prone to volatility, so it is important to monitor support and resistance levels carefully. If the coin manages to break the resistance at $0.0000288, it may achieve new highs.
$PEPE
BABY
0.00002436
+2.05%