Current Price Prediction for Pepe Coin ! Continuing the uprise from yesterday’s price action PEPE price moved to $0.00000214 on the 4 hour timezone. This is the price range where the cup-bottom pattern formed with thick resistance on top. Over this price area then the expectation of PEPE price deviating the $0.000009 resistance to the upside will be a high probability situation. With the cutting of resistance coming from increased transaction volume with PEPE coins along with whales of the crypto sphere. Expansion of PEPE price to this area also leads to a possibility of breaking the $0.000009 resistance.
Current Resistance to PEPE price
Potential resistance of PEPE price is the 0.00000224 to $0.00000234. Vevelopment (Can be seen visually on the PEPE 4 hour chart. (Image 1). Expected actions will now be as follows for price movements. PEPE price is expected to be stuck within the range of 0.00000214 to 0.00000224 for sometimes and this is therefore a warning to profit sellers to having potential gains within this price area.
Current Support of PEPE price
In present to the price action where PEPE coin is still moving within the support zone is ranging of the 0.00000204 or 0.00000214. (Image with the PEPE price action).In history of the support zone, price of PEPE coins had a situation of the resistance line of the zig zag pattern.Hence pushing down the price then leads a drawback price to the support line with price of the support. This also explains the movements of PEPE price no breaking of increased volume on leaves. There is a zone of profit taking and therefore the high probability of price movements above the resistance line. PEPE coin price has a history of the price movements still break down of support line and resist settled on the price movements in formation of zig’n pattern as mixed line on the chart.
PEPE’s dealings on the second day as regards the price actions are on the attempt to cross the proximal resistance level. It shows signs of sustaining bullish actions in the face of aggressive bear actions defending the zone.
Consolidation in the following price actions:
PEPE has formed a tight consolidation range.
Technical indicators project a neutral and bullish trend.
The relative strength index is nearing the critical midpoint level and is hinting at the possibility of bullish pressure.
The rest of the market also indicates the possibility of decisive bullish pressure in the near future.
A break in the resistance level is likely to prompt an accelerated bullish market trend.
PEPE has a critical level resistance zone to look out for. It is the make or break zone for PEPE.
– It is a zone with high selling pressure.
– It is a zone with high pressure selling volume and profit takers.
– It is a zone with high whale activity profit booking.
– It is a zone where breakouts and bullish continuation is likely.
A break in the resistance with a strong volume could act as a trigger for the start of a bullish trend in the near future.
The likely scenarios and actions that follow are critical for support and supply to the market.
– Recent consolidation has formed strong supports.
– The mid range resistance position of moving averages has formed a zone of support.
– The zone of long term support range also has a zone for profit takers.
PEPE is likely to maintain a positive outlook as long as it remains above the support. The positive outlook also remains intact.
Technical Indicators Point to Price Change
Let’s review the technical indicators that PEPE has today:
✔ RSI
PEPE has approached the neutral RSI which means the asset can move at slight bullish trends and to a greater extent in the future.
✔ MACD
The MACD momentum is settling which shows that PEPE will be starting to have a lot of momentum.
✔ Technical Volume
Technical volume is increasing which means PEPE is likely going to breakout. Volume from the technical indicators has increased.
✔ Market Sentiment and Social Volume.
Social volume has become extremely optimistic bullish PEPE which move in PEPE. The value of PEPE shows that technical indicators are suggesting a breakout.
Whale Activity is the most Important
- PEPE is volatile due to whales. Boating the whales. PEPE.
- PEPE is accumulating and dropping due to no active whales.
- PEPE can be volatile. PEPE can be upwards in price momentum and in the price value. PEPE can do this due to whales. PEPE will have a price increased value shortly.
PEPE Price Prediction: Will PEPE Break Its Resistance Today?
Given today’s data, momentum, and market activity, I’ve formulated two possible scenarios:
Scenario 1: 60% Bullish Breakout Probability
More bullish PEPE volume with buyers pushing with strength can lead to a breakout of PEPE’s strong resistance, bringing to range 5-12% short-term rallies. A quick targeting of next resistance levels and an acceleration of positive social sentiment are also possible. Overall, the bullish breakout of PEPE will lead to the confirming of the bullish continuation chart pattern.
Scenario 2: 40% Pullback Probability
If resistance stays strong, PEPE may fall back to the nearby support levels. A drop of 3-7% is possible and may be used by whales as an opportunity to accumulate. PEPE is likely to consolidate in range until attempting another breakout. A pullback is simply a healthy correction of the market, and does not indicate a trend reversal.
What Traders Should Keep an Eye on Today
To better track PEPE’s direction, these factors should be closely observed:
- Volume around the resistance level
Unusual volume increases indicate that a breakout is coming. - Whale Transactions
Significant sell-offs can spur a pullback. - Movement of Bitcoin
A rapid decrease in BTC’s value tends to decrease the value of meme coins. - Trends on social media
Stronger positive sentiment increases the value of PEPE.
Short-Term Outlook for PEPE
PEPE is expected to have a bullish trend in the short-run as long as it continues to remain above support.
- Data from the market shows that:
- Buyers remain active
- Bears are starting to lose control
- The market is becoming volatile
- A significant price movement is expected shortly.
In the event of a breakout today, there is a possibility that PEPE will enter a new short-term bull rally.
Conclusion
PEPE is currently in a very significant price zone today. Indicators such as price increase, a rise in the trading volume, an increase in the buying activity of whales, and a growth of interest from the community indicate that PEPE is getting ready for an important price movement.
- If a strong bullish trend continues, there is a high likelihood that PEPE will face a breakout today.
- If a strong bullish trend is not seen, then there is a possibility of a short price decrease before the market starts to rise again.
- In any case, PEPE currently remains as one of the most visible meme coins in the entire market.
FAQs
1. What is the PEPE price prediction for today?
If price volume continues to stay high, then it is likely there will be a bullish breakout.
2. Can PEPE break its resistance level?
If there is a strong buying trend and strong whale accumulation in the market, then it is likely that PEPE will break its resistance levels.
3. Is PEPE at risk of a pullback?
It is possible that PEPE will face a pullback if there is strong resistance in the market.
4. Should traders buy PEPE today?
Most traders have a tendency to wait for a confirmed breakout before buying, or for a significant price drop.
5. What Affects PEPE Price the Most?
Whales, volume changes, Bitcoin price, and social media.
