Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»The price of Pepe Coin has fallen 8% over the past 7 days. What are your predictions for the future?
ALTCOIN NEWS

The price of Pepe Coin has fallen 8% over the past 7 days. What are your predictions for the future?

By Crypto FlexsDecember 15, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The price of Pepe Coin has fallen 8% over the past 7 days.  What are your predictions for the future?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 16, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

  • PEPE shows a strong upward trend after converting bearish OB to support.
  • July’s monthly high is the next target for buyers.

Pepe (PEPE) ranks 4th in CoinMarketCap’s meme coin category, but has performed well in the market over the past three weeks. Despite the significant decline, PEPE has a solid bullish bias on its long-term price chart.

AMBCrypto’s technical analysis provides compelling reasons why PEPE is likely to continue its upward trend. However, some on-chain indicators raise doubts about the strength of the bullish trend.

A bullish breaker block should act as strong support.

pepepepe

Source: PEPE/USDT on TradingView

On PEPE’s daily price chart, the $0.00000014 area represents a bearish order block from mid-August. In the chart above, it is highlighted with a turquoise box. Moreover, since July, the $0.00000148 level has become significant.

In December, Meme Coin broke this resistance area due to intense buying pressure, as seen in the volume bars.

The price then retested this area as a support zone and bounced up to the $0.00000148 resistance level. This means that the bearish OB has converted into a bullish blocking block.

Fibonacci retracement levels (light yellow) indicate that the 50% and 61.8% levels have been tested and defended so far. Combined with a bullish block, it is likely that PEPE could move higher once again.

Indicators suggest that optimistic enthusiasm is waning.

pepepepe

Source: Santiment

Exchange supply compared to total trading volume has been decreasing since the end of October. This was a strong signal that market participants had been stockpiling PEPE and not moving it to CEX to sell.

However, the average age of money is also trending downward. This contrasts with previous indicators and suggested that PEPE movement between addresses is significant and portends selling pressure.


Realistic or not, PEPE’s market cap in BTC terms is:


Social volumes have risen slightly in recent weeks, but they have not trended upward along with prices.

Meanwhile, the MVRV ratio was very positive. This suggested that meme coins may be overvalued and that holders may be looking to liquidate some of their holdings to realize profits.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

DOGE Price Prediction – Dogecoin below $0.14 could trigger a deeper decline.

April 26, 2024

Together, chat starts free access to North American high -end AI models.

April 2, 2025

Coinbase signs partnership with African stablecoin exchange Yellow Card

January 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.