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PEPE Price: Analyst Predicts 400% Surge to $0.0001
PEPE, the meme coin, has been on a steady decline since the start of the year, but it has remained at a key support level for several weeks. A crypto analyst on TradingView suggests that if PEPE manages to break through this support, it could see a 400% increase, potentially reaching $0.0001. After a tough week for the crypto market, PEPE continued its downward trend, hitting its lowest price in months.
According to technical analysis, PEPE's potential rebound depends on it holding above the $0.00000650 support level. This level has been crucial given PEPE's continued decline since January. The analyst points out that this drop mirrors PEPE's behavior in early 2024, with the December 2024 high of $0.00002803 marking a significant turning point that triggered the decline.
In the past 24 hours, PEPE has managed to surpass this support level and reached $0.000007. The analyst highlights that PEPE’s reaction to the resistance zone between $0.00001150 and $0.00001200 will be crucial for determining the next rally. If PEPE breaks $0.00001200, it could spark bullish momentum, leading to resistance levels of $0.00001700 to $0.00002200. A breakthrough above $0.00002200 could push PEPE past its all-time high of $0.00002803.
The analyst predicts a potential price of $0.0001 if positive momentum continues. However, if PEPE fails to close above $0.00001200, it may extend its decline and retest lower support levels around $0.00000650 to $0.00000550.
Currently, PEPE is trading at $0.000007239, up 4.4% in the last 24 hours. Its future growth will depend largely on the overall market conditions, especially the movements of Bitcoin and other major cryptocurrencies.
PEPE, the meme coin, has been on a steady decline since the start of the year, but it has remained at a key support level for several weeks. A crypto analyst on TradingView suggests that if PEPE manages to break through this support, it could see a 400% increase, potentially reaching $0.0001. After a tough week for the crypto market, PEPE continued its downward trend, hitting its lowest price in months.
According to technical analysis, PEPE's potential rebound depends on it holding above the $0.00000650 support level. This level has been crucial given PEPE's continued decline since January. The analyst points out that this drop mirrors PEPE's behavior in early 2024, with the December 2024 high of $0.00002803 marking a significant turning point that triggered the decline.
In the past 24 hours, PEPE has managed to surpass this support level and reached $0.000007. The analyst highlights that PEPE’s reaction to the resistance zone between $0.00001150 and $0.00001200 will be crucial for determining the next rally. If PEPE breaks $0.00001200, it could spark bullish momentum, leading to resistance levels of $0.00001700 to $0.00002200. A breakthrough above $0.00002200 could push PEPE past its all-time high of $0.00002803.
The analyst predicts a potential price of $0.0001 if positive momentum continues. However, if PEPE fails to close above $0.00001200, it may extend its decline and retest lower support levels around $0.00000650 to $0.00000550.
Currently, PEPE is trading at $0.000007239, up 4.4% in the last 24 hours. Its future growth will depend largely on the overall market conditions, especially the movements of Bitcoin and other major cryptocurrencies.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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