The price of #pepe⚡ coin may be on the verge of a significant bullish breakout as it nears a crucial resistance level. The third-largest meme coin was trading at $0.000010 on November 8 after rising 40% from this week’s low. Crypto analysts suggest that these gains could continue.
Analysts Predict Continued Growth for Pepe Coin
Crypto analysts expect that Pepe’s price will continue to rise amidst the ongoing bullish trend among meme coins. CryptoLens, an analyst with over 32,000 followers, predicted that Pepe could reach $0.000124, representing a 1,140% increase from its current level. He identified a symmetrical triangle pattern forming on the weekly chart.

Another analyst, Man of #bitcoin☀️ , sees further gains based on the Elliott Wave theory. According to his analysis, Pepe is currently moving into the third wave of this pattern, which is usually the longest and most impactful.
Strong Technical Indicators on the Weekly Pepe Coin Chart
The weekly chart for Pepe shows robust technical indicators that could support further upward movement in the coming weeks. A bullish engulfing pattern is visible, where a large bullish candle fully engulfs the previous bearish candle. This pattern is part of the handle portion of a developing cup and handle formation.
The coin has also reached the 38.2% Fibonacci retracement level and the 25-week moving average. If the price surpasses the descending trendline connecting the weekly highs since June, Pepe could rally to a key resistance level of $0.0001393.

On the other hand, a drop below last week’s high of $0.000010 would invalidate the bullish engulfing pattern, indicating a possible decline to $0.00008.
Daily Pepe Coin Chart Suggests Further Gains
The daily chart shows potential for additional gains if Pepe surpasses the critical resistance level at $0.00001150, where it has formed a double-top pattern. This price point is slightly above the descending trendline, resembling the neckline of a slanted inverse head and shoulders pattern. Pepe has also surged 25% above the 200-day exponential moving average, a sign that bulls are in control.

A clear break above the double-top point at $0.00001150 could signal further gains, with the potential to reach the yearly high of $0.00001726, a 60% increase from the current level.
A drop below $0.0000077, the neckline of the double-bottom pattern, would cancel the bullish outlook. If this occurs, Pepe could fall to the August low of $0.0000058.
Key Catalysts for Pepe Coin’s Growth: Crypto Market Performance and Whale Activity
Pepe’s future growth will likely depend on the overall crypto market performance and continued interest from whales. Further gains would be confirmed if Bitcoin continues to rise toward all-time highs.

#PEPE_EXPERT , #MemeWatch2024 , #memecoin🚀🚀🚀

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$PEPE $PEPE $PEPE
PEPE/USDT at a price of $0.00001072 (+3.38%), here’s an analysis that highlights key levels and potential trading considerations: through my opinion 🥰💥
Key Levels and Indicators
Price Action:Current Price: $0.0000107224-Hour High: $0.00001149, indicating the next major resistance level.24-Hour Low: $0.00001012, which serves as immediate support.Support and Resistance:Immediate Support: Around $0.00001012. This level could serve as a re-entry or buy point if the price pulls back.Immediate Resistance: Around $0.00001149. If the price breaks above this level with strong volume, it may indicate further upward movement.Moving Averages (MA):MA(5): 173,097,269,170MA(10): 255,727,488,992The current price is near the MA(5) level but below the MA(10), showing some short-term upward momentum but still caution for a confirmed trend reversal.Volume:High 24-hour trading volume suggests active market interest. Consistent volume could support upward momentum if PEPE can break through resistance.
Suggested Strategy
Bullish Scenario:Look for a breakout above $0.00001149 with strong volume to confirm potential for further gains. An entry above this level might target levels around $0.00001180 or higher.Conservative Approach:For those seeking a more conservative entry, consider waiting for a pullback to the $0.00001012 support level. If this level holds, it could provide a safer buying opportunity with reduced risk.Stop-Loss Recommendation:For positions taken above $0.00001149, a stop-loss around $0.00001090 would help manage downside risk.For entries near $0.00001012, a stop-loss slightly below $0.00001000 would be prudent to protect against further declines.
This approach combines recent highs/lows, moving averages, and volume trends to support a cautious trading strategy in PEPE/USDT.🤝

### **Technical Analysis Summary**

1. **Price Movement**:
- PEPE/USDT has seen a recent upward movement to 0.00001086, currently up by 3.13%.
- The trend looks bullish in the short term, with increasing volume on green candles, suggesting buying pressure.

2. **Moving Averages (MA)**:
- The MA(5) (yellow line) is above the MA(10) (purple line), indicating a short-term upward momentum.
- The bullish crossover between MA(5) and MA(10) can confirm a potential long entry if supported by other indicators.

3. **MACD**:
- MACD and signal lines are very close, suggesting a lack of clear momentum or a potential for a reversal.
- Look for a MACD line crossover above the signal line for a bullish confirmation, or below for a bearish trend.

4. **Volume**:
- The volume has increased, which is typically supportive of a price trend continuation, but high volume near resistance could indicate a potential reversal.

### **Trade Strategy Suggestions**

#### **Long Position (Bullish Strategy)**
- **Entry Point**: Enter around 0.00001085–0.00001090 after confirming upward momentum, possibly through a MACD crossover.
- **Take Profit (TP)**: Set TP at 0.00001120, where the price may face resistance or retracement.
- **Stop Loss (SL)**: Place SL below 0.00001070 to limit losses if the trend reverses.
- **Trade Duration**: Short-term (1–2 hours), as PEPE/USDT often shows volatility and quick trend reversals.
- **Contingency Plan**:
- **Plan A**: If price dips slightly but volume remains high, consider holding until TP.
- **Plan B**: If volume drops significantly without price increase, exit to minimize loss.
- **Plan C**: Exit at breakeven if indicators show reversal signals.

#### **Short Position (Bearish Strategy)**
- **Entry Point**: Short entry around 0.00001085 if MACD crosses downward, indicating bearish momentum.
- **Take Profit (TP)**: Set TP at 0.00001060, aiming to capture profit from a potential correction.
- **Stop Loss (SL)**: Place SL at 0.00001095 to limit losses if the trend remains bullish.
- **Trade Duration**: Short-term (1–2 hours), given the quick price movements.
- **Contingency Plan**:
- **Plan A**: If price initially drops but stabilizes above 0.00001070, consider taking partial profits or adjusting SL to breakeven.
- **Plan B**: If indicators turn bullish before reaching TP, close the trade to minimize losses.
- **Plan C**: If volume spikes on a red candle, consider adjusting TP lower to capitalize on selling pressure.

This strategy is based on a short-term outlook. Adjust based on live price action and consider fundamental events that may impact PEPE/USDT. #MicrosoftBitcoinRejection #DogeArmyComeBack #NovemberMarketAnalysis $PEPE

Pepe price eyes a 200% surge as it consolidates within a symmetrical triangle, currently trading at $0.00001051 as whale activity intensifies

Pepe Price On The Verge Of 200% Breakout?
PEPE price is currently trading within a symmetrical triangle pattern, which suggests a balance between buyers and sellers. This pattern, marked by converging trend lines, often leads to a breakout once the price escapes the triangle’s confines.
According to analyst World of Charts, this setup indicates that the price could soon make a decisive move, potentially leading to a 200% surge if it breaks through the upper resistance.

Image source: Trading View
The recent rally in Pepe price has placed many holders in profit, with data from IntoTheBlock showing that around 72% of holders are currently “in the money.” This increase in profitability reflects the growing bullish sentiment within the Pepe community, which has helped sustain the price within the consolidation phase.
Analysts emphasize that a breakout above the resistance line, accompanied by high trading volume, would confirm the bullish scenario for PEPE price.

Whale Accumulation Drives Community Optimism
Large holders, often referred to as “whales,” have shown increased interest in Pepe, with several significant withdrawals from major exchanges. Notably, whale addresses have moved hundreds of billions of Pepe tokens off exchanges, suggesting that they are holding these tokens in anticipation of a price rise.
One whale alone reportedly withdrew 535.81 billion Pepe tokens, worth over $5 million, from Binance.
Source: x (formally twitter)
This accumulation by whales has contributed to the optimism around PEPE, as it signals confidence from major investors. Many view this as a positive indicator that could support a potential breakout. Crypto analyst World of Charts highlighted that if buy-in pressure continues, the Pepe price could break past the triangle’s upper boundary, setting the stage for a substantial price increase.
Concurrently, Robinhood’s recent launch of a Pepe transfer feature for its European users has also contributed to the increased demand for the token.

PEPE Price Technical Analysis
Technical indicators further support a bullish outlook for PEPE price. The Moving Average Convergence Divergence (MACD) is showing positive momentum, with the MACD line diverging above the signal line, indicating growing buying pressure.

Additionally, the Relative Strength Index (RSI) is currently above 65, suggesting that the token is in bullish territory but not yet overbought.
Source: Trading View
These indicators suggest that PEPE price has room for upward movement, provided market sentiment remains strong. Analysts have identified the immediate resistance level at around $0.00001100, a previous high that could serve as the next target in the event of a breakout. If Pepe successfully clears this level, it could set sights on the projected target of approximately $0.00001350.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research. Information source online media.

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