Pepe Coin Price Forecast: Rally Target Set, Is It The Right Time To Buy?

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In the 4-hour time frame chart, pepe coin The horizontal trend in price shows point returns from two converging trendlines, reflecting the formation of a symmetrical triangle. meme coin its price respected this model despite the high volatility of the market. However, it guaranteed its reliability for future predictions.

PEPE Price Daily Chart

  • A rise in PEPE price from the $0.000047 resistance marks a 15% increase.
  • The support trendline of the symmetrical triangle formation is preventing Pepe coin from going big.
  • The 24-hour trading volume on Pepe coin is $132.5 Million, indicating a loss of 18%.

While the broader market sentiment remains unresolved, meme coin price has emerged from the accumulation phase, turning the immediate resistance at $0.00000147. Koinfinans.com As we reported, the meme coin has faced multiple rejections from this resistance in the past two days before making a steady exit.

Recovered resistance could act as potential support and trigger a recovery cycle within the triangle. The resulting rally could push prices higher by about 15% and reach the overhead resistance trendline around $0.00000175.

However, buyers need a bullish break from the formation resistance trendline for the meme coin to start a sustained recovery rally.

Will Pepe coin Price Rise To $0.00000175?

For the past two days, meme coin price has been hovering above the support trendline of the triangle formation. This consolidation indicated several unsuccessful attempts by sellers to break lower. He also showed his aggression to maintain the level of the receiver. Therefore, a bullish reversal from the support trendline will likely push PEPE price to $0.00000175, with an intermediate barrier of $0.00000163.

  • Exponential Moving Average: With the break of the $0.00000147 resistance, the price also retraced the 20 EMA slope, giving long traders an extra edge.
  • Directional Movement Index (DMI): A potential bullish crossover between the DI+ (blue) and DI- (orange) slope will trigger a buy signal for interested market participants.

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