PEPE/USDT - Potential Breakdown from Ascending Channelhello guys.
Price Action:
PEPE/USDT is currently trading within an ascending channel but showing signs of a potential breakdown.
The price has been rejected from the top of the channel and is now hovering near the support zone around 0.00000918 USDT.
Support and Resistance:
Key support lies around 0.00000860 USDT as shown in the highlighted box. If the price breaks below this level, a sharper drop is likely.
The next major support zone is between 0.00000770 USDT and 0.00000740 USDT, where the price might stabilize if the breakdown continues.
Bearish Scenario:
The chart suggests a possible breakdown if the price fails to hold above the current support levels. The descending arrow highlights the potential path to lower support zones.
If the breakdown happens, price could fall toward the 0.00000755 - 0.00000717 USDT zone, possibly testing the lower boundaries of the channel.
Bullish Scenario:
A reversal could occur if the price manages to hold above 0.00000918 USDT and reclaims its previous high near 0.00000980 USDT, but this would require strong buying momentum.
Pepecoin
PEPE → Potential Rebound at Key Support Zonehello guys.
Descending Resistance Line: The price broke above a long-standing descending resistance line but is now retesting this line, which could act as support.
Support Zone ($0.00000077 - $0.00000074): The price is approaching a strong support area highlighted in the chart, which has been previously tested multiple times. If the price reaches this zone, a potential rebound is expected.
Bearish Retest and Pullback: There's a bearish pullback after a recent rally, with the possibility of retesting the resistance line or lower support levels before any significant upward movement.
Bullish Scenario: Should the price successfully bounce off the support zone, a strong recovery is anticipated, with a potential upward move towards $0.00000110 or higher, as illustrated on the chart.
RSI Indicator: The RSI is in the lower range, suggesting the asset is nearing oversold territory, which might contribute to a reversal in the coming sessions.
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PEPE/USDT pair on Binance (1-hour timeframe) TA+TRADE PLAN BY BFPEPE/USDT pair on Binance (1-hour timeframe) Technical Analysis + TRADE PLAN by Blaž Fabjan
Chart Pattern: Falling Wedge
The falling wedge pattern is identified, which is typically a bullish reversal pattern. As the price converges downward, it indicates a potential breakout to the upside.
The pattern suggests that there might be a bullish move coming once the price breaks out of the wedge. The breakout has either happened or is about to happen as per the drawing.
Key Support and Resistance Levels:
Support Levels:
$0.00000066: This is a key support level, likely the bottom of the falling wedge pattern.
$0.00000070 and $0.00000076: Potential areas of support if the price retraces after the breakout.
Resistance Levels:
$0.000000807, $0.000000886, and $0.000000986: These are key resistance levels. Once the price breaks out of the falling wedge, it will likely face resistance at these levels.
$0.000001084 and $0.000001235: The upper resistance targets if the price momentum continues.
Indicators:
RSI (Relative Strength Index):
RSI is around 56, indicating that the market is in a neutral to bullish territory. If RSI increases above 70, it may indicate overbought conditions.
Stochastic Oscillator:
Stochastic Oscillator is around 85, indicating overbought conditions. However, during a breakout scenario, this might suggest strong momentum.
Volume:
There is a slight increase in volume, which is often seen during breakouts from chart patterns like falling wedges.
VMC Cipher B Indicator:
This indicator shows momentum and potential divergence. The convergence of the lines could indicate a bullish reversal.
Hull Moving Average (HMA) Histogram:
The HMA histogram shows a slight bullish divergence, supporting the case for a bullish breakout.
Trading Plan
Entry:
Enter the trade after a confirmed breakout from the falling wedge pattern, preferably on a candle close above $0.000000807 (the first key resistance level). Confirmation can also be supported by an increase in volume or further confirmation from RSI moving upward.
Stop Loss:
Place a stop-loss below the most recent support, around $0.00000070, to minimize risk in case the breakout fails or the price retraces back into the wedge.
Take Profit Levels:
First Target (TP1): $0.000000886 (next resistance level).
Second Target (TP2): $0.000000986 (another resistance level where the price may slow down).
Third Target (TP3): $0.000001084 (for more aggressive traders aiming for a larger move).
If you are highly confident in the bullish move, you can target $0.000001235, but ensure to trail your stop-loss once the price reaches the first target to lock in some profit.
Risk Management:
Risk-to-reward ratio should ideally be 2:1 or better.
Use 1-2% of your trading capital on this trade to manage risk effectively.
Monitor RSI and Stochastic Oscillator closely, as both are nearing overbought zones. If these indicators show divergence (i.e., price rising but RSI declining), be cautious of a false breakout.
Watch for any sudden shifts in volume; if volume drops after the breakout, it could indicate weakening momentum.
In case the price drops back into the wedge pattern or below support, consider exiting the trade to avoid further losses.
This trading plan aims to capitalize on the bullish breakout of the falling wedge pattern, but always ensure to use proper risk management.
PEPE forecast price🐸 1000PEPEUSDT.P Technical Analysis:
We’re currently at a critical support level around 0.0088004 📉. If price stabilizes below this area, expect further drops to the 0.0076411 zone, marking a potential 13.04% decline 📉.
However, there's a descending trendline ⤵️ pressing the price down. A break above this line would be a sign of reversal 🔄, targeting the first resistance at 0.0095467 💥. If the price holds above this point, it could trigger a bullish move towards higher resistances at 0.010237 (a 10.74% increase) and then to 0.0118714 (a 19.64% increase) 📈.
Key strategy: Watch for volume spikes 📊 and wait for a clean breakout above the descending trendline for a potential buying opportunity 🚀. If support breaks, prepare for deeper pullbacks ⬇️.
Stay sharp and manage your risks properly! 🛡️"
PEPEUSDT: Ready to Rocket! As the meme coin craze takes over, PEPEUSDT is making waves! It has recently broken its trendline and bounced off a strong support level, setting the stage for a powerful upward movement. With the momentum building, now is the time to watch for a significant price jump. Don’t forget to manage your risk while riding this thrilling wave!
PEPEUSDT Currently trading at $0.0108
Buy level: Above $0.0098
Stop loss: Below $0.0077
TP1: $0.012
TP2: $0.015
TP3: $0.02
TP4: $0.03
Max Leverage 3x
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17 Years Experienced Trader Talks About PEPE Hey guys , MartyBoots here I have been trading for 17 years and sharing my thoughts on PEPE
PEPE is BNBs mini me or its little brother (for now at least )
It looks strong and should move well
Watch for more info and hit me up if u need help or have any questions
PEPE price prediction: is a 40% October rally on the horizon?Pepe (PEPE) bulls have really showed up since the second week of September. The memecoin is now on track to conclude the month in the green. But can it sustain the current momentum and what can we expect in October?
PEPE has been on an overall downtrend since May. The bearish momentum bottomed out within the $0.00000897 price range on multiple occasions. As a consequence, price has been leveling out at that range, followed by some bullish momentum.
Fibonacci retracement puts PEPE’s next major price target between $0.00001153 and $0.00001287. This is based on its current 5-month lows and 5-month highs.
This means PEPE could rally for another 26% on the lower price target and over 40% on the higher target.
PEPE addresses by time held may support the short-term prediction. The number of addresses holding PEPE for over 1 year has been rising since April. This confirms that most buyers (almost 85,000 addresses) who purchased the memecoin over a year ago are still holding.
As far as PEPE’s long-term price prediction is concerned, the memecoin could retest its previous ATH of $0.000017 sometime in the coming months, likely in 2025.
However, the likelihood of this happening depends on whether the bulls will make a strong comeback and deliver a major rally as per expectations. The latest recovery is in line with the shift in market sentiment in favor of the bulls this month.
PEPE/USDT technical analysis and trading plan by Blaž FabjanPEPE/USDT trading pair, here's a breakdown of the technical analysis and trading plan by Blaž Fabjan:
Symmetrical Triangle Formation:
There is a symmetrical triangle pattern highlighted. This is typically a continuation pattern that signals a breakout, either upward or downward, depending on which side breaks first.
Currently, the price is consolidating near the end of the triangle. A breakout is expected soon.
Support and Resistance Levels:
Immediate support: $0.000000807 (marked by a blue horizontal line). This is a key level to watch; if it breaks below, the price may retest lower support zones.
Next support: $0.000000766.
Key resistance: $0.000000886. This level represents a potential target for an upward breakout from the symmetrical triangle.
Higher resistance: $0.000000986, should the price breach the first resistance level.
Volume:
The volume bars are relatively lower in recent periods, but the volume could increase when a breakout occurs. Pay attention to a spike in volume confirming a breakout direction.
VMC Cipher-B Indicator:
The VMC Cipher indicator shows a bit of sideways movement in the momentum, with no strong divergences visible. Keep an eye on this to spot potential bullish or bearish divergence.
RSI (Relative Strength Index):
RSI is around 51.88, which indicates a neutral market. There’s no overbought or oversold signal, but the RSI may rise if there’s an upward breakout from the symmetrical triangle.
Stochastic RSI:
The Stochastic RSI is at 46.67, which is close to neutral but leaning slightly toward a potential upward crossover. This could indicate buying pressure may soon increase.
Potential Trading Plan:
Bullish Scenario (Breakout Upwards):
Entry point: If the price breaks above the symmetrical triangle resistance line and holds above $0.000000886 with increased volume.
Target: First target can be around $0.000000986. If strong momentum continues, higher targets may be set at key psychological resistance levels.
Stop-loss: Place a stop-loss just below the triangle support level, ideally around $0.000000807.
Bearish Scenario (Breakout Downwards):
Entry point: If the price breaks below the symmetrical triangle and the $0.000000807 support level with high volume.
Target: First target would be $0.000000766 and further down to $0.000000666 if the bearish momentum persists.
Stop-loss: Place a stop-loss above the resistance level of the symmetrical triangle, around $0.000000850.
Neutral/Consolidation Scenario:
If the price continues to move sideways and no clear breakout occurs, it’s best to wait and observe how the market reacts at these key levels.
Summary:
Watch for a breakout from the symmetrical triangle. A move above $0.000000886 with strong volume will likely result in a bullish continuation, while a breakdown below $0.000000807 signals bearish action. Keep an eye on the RSI and volume indicators to confirm momentum.
PEPE / USDT TECHNICAL ANAYLSIS ON 4H TIMEFRAME BINANCE CHARTRising Wedge Formation:
The chart shows a rising wedge pattern, which is typically considered a bearish pattern. This pattern suggests that while the price is moving upwards, the movement is becoming more constrained and might lead to a breakout to the downside once the wedge reaches a critical point.
Support and Resistance Levels:
Support Levels: Around 0.000000583 USDT, which aligns with the lower trend line of the wedge. This level could act as a potential bounce zone.
Resistance Levels: The price is facing potential resistance at 0.000000886 USDT and further upwards near 0.000000986 USDT.
Volume Analysis:
The volume appears to be declining as the price moves within the wedge. Lower volume during a rising wedge can be a warning of an impending reversal or consolidation phase.
Indicators (RSI, Stochastic, VMC):
RSI (Relative Strength Index): Sitting near 42.72, indicating that the price is not in overbought or oversold conditions but is leaning towards a bearish bias.
Stochastic RSI: Shows a reversal from the oversold territory, indicating a potential short-term bounce or consolidation.
VMC (Market Cipher-like indicator): Shows multiple divergences, suggesting some conflicting signals but likely a continuation of the downward pressure in the short term.
Prognosis for PEPE/USDT:
Short Term: The price may test the lower bound of the wedge (around 0.000000583 USDT), as the wedge structure and other indicators suggest potential downward pressure. A short-term bounce from this support is possible given the Stochastic RSI showing oversold conditions.
Medium Term: If the price breaks the lower trend line of the wedge, it may fall towards 0.000000583 USDT or lower, confirming the bearish wedge pattern. If the price holds above this, it could consolidate and make another attempt to push upwards to 0.000000886 USDT or even higher towards 0.000000986 USDT.
Bullish Scenario: If buying pressure increases and the price breaks above the upper resistance (around 0.000000886 USDT), the next target would be 0.000000986 USDT, which could trigger a more significant uptrend, invalidating the wedge pattern.
Bearish Scenario: A confirmed breakdown from the wedge could lead the price toward the 0.000000583 USDT level, with a possible deeper correction if this level doesn't hold.
Pepe to hit new ATH this cycle with 350% gainThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets:
1. Fractal Pattern & Hidden Divergence
• A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles.
• The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup.
2. Symmetrical Triangle Formation
• The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout.
• The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences.
3. Hidden Divergence (Again)
• The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves.
4. Fibonacci Extensions & Price Targets
• Key Fibonacci levels provide potential price targets for a breakout:
• 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside.
• 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak.
• All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout.
5. Price Projections
• Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH).
• Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum.
• Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action.
Conclusion
The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.
PEPE whales could push coin for a positive retestPEPE whales are saving the meme coin’s price, which has been struggling to recover its losses following a significant crash at the end of July. Despite several attempts to regain momentum, PEPE remains close to testing a critical support floor.
As of now, these large wallet holders seem to be the key force preventing further decline. Without their intervention, the altcoin could potentially lose its support level, leading to a deeper price drop.
In recent weeks, the overall market sentiment surrounding the PEPE price has turnedincreasingly bearish. Long-term holders, who traditionally play a vital role in supporting cryptocurrency prices, have shown signs of decreasing confidence.
However, despite the bearish outlook from long-term holders, whale activity has played a crucial role in keeping the PEPE price afloat. Earlier this week, top addresses—excluding exchange wallets—collectively added more than 6 trillion PEPE, valued at a little over $42 million.
This has reflected on the chart. PEPE price is presently trading just above its critical support floor of $0.00000702. This line has acted as strong support multiple times over the past few months.
Thus, there is a reasonable expectation that PEPE will hold above this level for now. Should the price break below this line, it could spell trouble for the altcoin’s short-term prospects.
Currently priced at $0.00000710, PEPE is likely to continue its sideways movement in the near term. If the current level of buying persists, the coin could make a move toward its next resistance at $0.00000912.
However, if selling pressure intensifies, this outlook could quickly shift. In that scenario, PEPE could see a decline to its support level at $0.00000633, invalidating any potential bullish-neutral thesis.
Pepe (PEPE): price surge ahead?With a bearish face for the meme coins, the PEPE price action reveals a falling channel pattern in the daily chart. Currently, the meme coin finds support at $0.000007042 with the high possibility of an inverted affair head and shoulder pattern.
Another bearish signal is the declining 50-day EMA readied for a death cross with the 200-day EMA. However, the bullish divergence at the support level is massive and projects a potential turnaround.
Furthermore, with the crypto market’s upcoming recovery phase, the meme coins’ bull cycle is known to give massive returns. Amid such a known performance of PEPE with a YTD year growth of $0.000007042, the meme coin has a massive upside.
With this intense but healthy correction, the PEPE ranks in our best crypto-to-buy right now list.
The next bottom support stands at $0.0000048 for the price targets, with the overhead targets at $0.0000010 and $0.0000012. In case of a bullish reversal rally with the broader market recovery, the meme coin could make a new 52-week high at $0.0000018.
PEPECOIN to likely sell furtherPEPECOIN to likely sell further
PEPECOIN broke through 800 zone and closed with the formation of a bearish pinbar.
We have the ascending support trendline that may likely act as support. However, we should watch out for 867 zone before the possible hit of the trendline.
Risk management is king
Pepe (PEPE) braces for 28% dropPepe (PEPE) has been trading within a falling wedge pattern since May 27. Currently priced at $0.0000077, its value has dropped by 52% during this period.
PEPE’s price could decline further, as it appears poised to break below the lower line of its falling wedge, which would signal a continuation of the downtrend.
A falling wedge pattern occurs when an asset’s price moves between two downward-sloping trend lines. The upper trend line serves as resistance, while the lower trend line acts as support.
Typically, despite the downtrend within the wedge, this pattern is considered bullish because the price often breaks out above the upper trend line upon completion, leading to an upward movement.
However, PEPE may be an exception. Since August 25, the meme coin’s price has been on a downtrend, dropping by 15% and pushing it closer to the lower line of the falling wedge.
\When an asset’s price breaks below the lower trendline of a falling wedge, it invalidates the bullish projection typically associated with this pattern and suggests that the downtrend may continue.
PEPE’s technical setup supports this possibility. The altcoin has fallen below key moving averages, trading beneath both its 20-day exponential moving average (EMA) and its 50-day simple moving average (SMA).
If PEPE bulls fail to defend the lower line of the falling wedge, the meme coin’s price could decline to its August 5 low of $0.0000059, representing a 28% drop from its current value.
However, if the current trend reverses and PEPE resumes its uptrend, its price could rise to $0.0000086.
What is this cunning frog PEPE up to?The development of our previous idea for OKX:PEPEUSDT is simply fascinating:
first a -50% drop, and then a x4 price increase 👇
Let's try to predict something now:
1️⃣ over the previous cycle, #PEPE price gained +2800% compared to other altcoins - this is a lot
2️⃣ for more than three months, the price has been squeezed in consolidation - someone is unloading their positions, but of course someone is buying #PEPE
3️⃣ on the info field, the excitement about memecoins on CRYPTOCAP:SOL has greatly decreased
4️⃣ a lot of retail buyers have bought #PEPE on the highs in anticipation of the next x10, but will they...
5️⃣ memecoins on CRYPTOCAP:TRX are starting to break into the info space (but we are not agitating to buy them, at least not now)
Conclusions:
ℹ️ when and if OKX:PEPEUSDT reaches $0.00001 (+30% of the current price), think about whether to keep the position in full or maybe it's time to fix it.
ℹ️ below $0.000006 CRYPTOCAP:PEPE may be waiting for a total collapse
PEPE : FULL BEAR Mode (⊙_⊙;)PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis).
With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone.
From a technical indicator perspective, we see a clear flash to "SELL" in the weekly timeframe as the price loses the trendline and the trendline now turns RED.
The price can only be considered bullish once the price starts closing candles ABOVE the trendline, at which point the trendline will turn green again.
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BINANCE:PEPEUSDT
CAN PEPE GET TO $0.01545? I AM BULLISH MIDTERMCan Pepe (PEPE) Reach $0.01545 from Its Current Price of $0.01217? A Midterm Bullish Analysis
Current Price: $0.01217
Target Price: $0.01545
Midterm Perspective: Bullish
As of the current price of $0.01217, Pepe is in a consolidation phase after experiencing significant volatility. The broader cryptocurrency market has shown signs of recovery after a bearish period, with several altcoins gaining traction.
The market sentiment appears cautiously optimistic, especially for meme coins like PEPE, which have strong community support.
PEPE IS IN A GOOD BUY ZONE, I WILL WAIT A LITTLE TO LONGPEPE has rallied up over 45% from the recent crash low. Sitting around FIB38.2, this asset may pull back a little toward the ascending TL before the northward rally continues.
I believe this PEPE will reward us some good money to investors & traders who can wait for this analysis to become reality.
I am bullish