Features Crypto News by Thebittimes.Com

The Pepe price plunged over 12% in the last 24 hours to trade at $0.00002331 as of 10:06 p.m. EST as investors offload their holdings in the meme coin on the market. Despite the steep correction, PEPE’s positive weekly performance remains intact with a 13% pump. Pepe Price Slips Below A Key Support 4-hour chart for PEPE/USD (Source: GeckoTerminal) The Pepe price recently dipped below the key support level at $0.00002398 in the last couple of hours. Should the meme coin close a 4-hour candle below this mark in the next 12 hours, PEPE could stand the risk of plunging down to the subsequent mark at $0.00001953. On the other hand, the Pepe price closing the next 3 4-hour candles above $0.00002398 might bring an end to PEPE’s price drop. In this alternative scenario, the meme coin could rebound and start to rise toward the $0.00002864 resistance level. A break above this barrier might then lead to the meme coin climbing to as high as $0.00003309 in the short term. Bears ...

The Pepe price has jumped 3% in the last 24 hours to trade at $0.000007015 as of 12:30 a.m. EST on a 26% surge in trading volume to $826 million. Pepe Price Is Approaching Critical Breakout Point Signalling Bullish Rally Ahead The PEPE price action is currently forming a falling wedge pattern, which traders often consider a bullish reversal pattern. A potential breakout point is visible, with the price approaching the upper boundary of the falling wedge. The price is also approaching the apex of the wedge. If the price breaks above this resistance and confirms a breakout, it could target the area around $0.00015, suggesting a significant upward move. A key point to note is the convergence of the 50-day and 200-day Simple moving averages (MA), which could signal a bullish crossover known as a “Golden Cross,” which precedes significant upward momentum. PEPEUSD Analysis Source: Dextools.io The Moving Average Convergence Divergence (MACD) indicator reveals a shri...