ترجمة
Sachinparmar
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PEPE
The $PEPE coin has recently made a remarkable surge, crossing a market capitalization of $10 billion and showing a 3.73% increase in the last 24 hours. Currently trading at $0.0000254, PEPE has gained nearly 27% over the past week, indicating strong bullish momentum despite the ongoing challenges faced by top meme coins, especially as Bitcoin struggles to surpass $100,000. As the PEPE price gains attention, traders and investors are now questioning whether this rally can push PEPE to a new all-time high, beyond the $0.000030 level.
PEPE Price Analysis
PEPE has recently experienced a channel breakout on the 4-hour chart, reaching an all-time high of $0.000027525. However, the increasing supply at these elevated price levels has led to a pullback, with the coin posting its fourth consecutive red candle, representing an 8% drop from its recent peak.
Despite this pullback, the bullish flag pattern remains intact, supported by the breakout of an inverted head-and-shoulders pattern. The ongoing consolidation and potential retest of the broken resistance trendline present an opportunity for a bounce-back reversal.
Fibonacci retracement levels suggest that the price rejection occurred at the 38.20% level ($0.000026071). Should the pullback continue, the immediate support is located at the 23.60% Fibonacci level, around $0.00002298. This level aligns with the broken trendline of the bullish flag, making it a crucial area for a potential buy-the-dip opportunity.
Smart Trader Capitalizes on PEPE's Success
Amid PEPE's impressive market performance, one trader capitalized on the coin's gains, securing a profit of $2.13 million after depositing 121.75 billion PEPE tokens on Binance. This profit marks a 197% return in just 2.5 months, following another successful trade in May, where the trader earned $1.23 million, a 75.5% return.
Will PEPE Reach $0.000030?
While the price has experienced a pullback, momentum indicators suggest that a potential reversal could take place. The 4-hour Relative Strength Index (RSI) has moved out of the overbought territory, approaching the neutral zone. Additionally, the MACD and signal lines have nearly closed their bullish gap, indicating a possible bearish crossover. These factors suggest a cooling of bullish momentum, which may lead to further consolidation or a significant
PEPE Price Analysis
PEPE has recently experienced a channel breakout on the 4-hour chart, reaching an all-time high of $0.000027525. However, the increasing supply at these elevated price levels has led to a pullback, with the coin posting its fourth consecutive red candle, representing an 8% drop from its recent peak.
Despite this pullback, the bullish flag pattern remains intact, supported by the breakout of an inverted head-and-shoulders pattern. The ongoing consolidation and potential retest of the broken resistance trendline present an opportunity for a bounce-back reversal.
Fibonacci retracement levels suggest that the price rejection occurred at the 38.20% level ($0.000026071). Should the pullback continue, the immediate support is located at the 23.60% Fibonacci level, around $0.00002298. This level aligns with the broken trendline of the bullish flag, making it a crucial area for a potential buy-the-dip opportunity.
Smart Trader Capitalizes on PEPE's Success
Amid PEPE's impressive market performance, one trader capitalized on the coin's gains, securing a profit of $2.13 million after depositing 121.75 billion PEPE tokens on Binance. This profit marks a 197% return in just 2.5 months, following another successful trade in May, where the trader earned $1.23 million, a 75.5% return.
Will PEPE Reach $0.000030?
While the price has experienced a pullback, momentum indicators suggest that a potential reversal could take place. The 4-hour Relative Strength Index (RSI) has moved out of the overbought territory, approaching the neutral zone. Additionally, the MACD and signal lines have nearly closed their bullish gap, indicating a possible bearish crossover. These factors suggest a cooling of bullish momentum, which may lead to further consolidation or a significant
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