Pepe Price Prediction Following 16.5% Monthly Increase – What’s Next for PEPE?
Pepe Price Prediction
Analyzing the monthly chart, PEPE has seen a 16.5% increase, bringing its price to $0.00001155. This rise reflects a strong bullish momentum from the previous month. However, the recent consolidation within a symmetrical triangle pattern suggests a potential pause in the upward movement.
Immediate resistance levels on the monthly chart are aligned with the daily, highlighting $0.00001228, $0.00001278, and $0.00001334 as key levels to watch. On the support side, $0.00001145, $0.00001109, and $0.00001079 remain critical.
Given the 16.5% increase, traders should watch for a breakout from the symmetrical triangle pattern.
Pepe Price Prediction
PEPE/USDT is currently trading at $0.00001154, reflecting a decline of 0.77%. The key pivot point is marked at $0.00001183, indicated by the green line.
Immediate resistance levels are found at $0.00001228, $0.00001278, and $0.00001334. These resistance points suggest potential selling pressure if PEPE attempts to rise.
#PEPE Price Prediction! PEPE/USDT is trading at $0.00001154, down 0.77%.
Watch the key pivot at $0.00001183.
Resistance at $0.00001228, $0.00001278, and $0.00001334.
Support at $0.00001145, $0.00001109, and $0.00001079. RSI is neutral at 51. #Crypto #PEPE
— Arslan Ali (@forex_arslan) June 23, 2024
On the downside, immediate support is seen at $0.00001145, with further support at $0.00001109 and $0.00001079.
The Relative Strength Index (RSI) is at 51, indicating a neutral market sentiment. The 50-day Exponential Moving Average (EMA) stands at $0.00001145, providing additional support near the pivot point.
Pepe Coin Price Prediction
A symmetrical triangle pattern is currently limiting PEPE’s movement, suggesting a neutral bias. This pattern indicates that traders should be cautious, as a breakout in either direction could dictate the next significant move.
The symmetrical triangle typically signifies a period of consolidation, which can lead to a continuation of the previous trend or a reversal, depending on the breakout direction.
Given these technical indicators, traders should consider a sell position if PEPE falls below $0.00001183. Conversely, if the price breaks above this level, it may signal a potential upward trend.
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The post Pepe Price Prediction Following 16.5% Monthly Increase – What’s Next for PEPE? appeared first on Cryptonews.
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