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Home»EXCHANGE NEWS»PEPE PRICE Analysis: Is it the main support of $ 0.0000056?
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PEPE PRICE Analysis: Is it the main support of $ 0.0000056?

By Crypto FlexsMarch 18, 20253 Mins Read
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PEPE PRICE Analysis: Is it the main support of $ 0.0000056?
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In the possibility of a big collision of bitcoin prices, memes coins are increasing volatility. The market cap in the MEME Coin division decreased 3.65%to $ 46.9 billion. As the weak influence increases, PEPE is struggling to gain momentum from optimistic breakouts..

PEPE BULLS suddenly weakens and expects to reverse after testing.Can this reversal be run or $ 0.001010 psychological signs can be regained? Let’s find out.

PEPE price analysis

In the four -hour price chart, the PEPE Price Action shows the optimistic breakout of the fallen channel pattern. Recently, from the $ 0.0000065 PEPE, the bounce back to the brake out value as a double bottom reversal.

PEPE price analysis
PEPE price analysis

However, the strong reversal execution did not maintain more than $ 0.0000072 horizontal level. This showed a failed brake out of reverse head and shoulder patterns.

The latest fullback comes as a potential reduction in the broken resistance line. However, as the strength of the weak waves increased, it violated the 50-EMA line.

Starting with a morning star pattern, the fall has now made five continuous Bearish candles. This resulted in negative crossovers on the MACD and signal lines. As a result, the exercise indicators caused PEPE’s sales signal.

The current PEPE is $ 0.0000068, with a 24 -hour fullback at 4.28%. Due to the weakness of the weak candle, the downfall is likely to be broken in the falling channel.

PEPE price target

Although the response speed increases, the 100 and 200 EMA lines are the decisive price targets: The price of this dynamic line is $ 0.0000071 and $ 0.0000081, respectively.

On the other hand, the weak continuous continuation will be an optimistic trend with $ 0.0065. Other important support for PEPE is $ 0.0000056.

Sahil MahadikSahil Mahadik

It was written by Sahil Mahadik

As a full -time merchant with more than three years of practice in the financial market, I have grinded an excellent ability in technical analysis. This is the cornerstone of daily monitoring on price fluctuations in major assets and indexes. The journey to the trading began with a deep attraction of financial products, and this curiosity expanded to a naturally evolving cryptocurrency world. I am currently contributing to Cryptonewsz and I wrote for Corning Page, Coin Republic and Theme Set Ferry. I am led by my passion for the market, exploring new opportunities, analyzing traditional trends and strategies to earn the maximum profit in the traditional and encryption markets.

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