Pepe coin (PEPE) recently couldn’t sustain its momentum above $0.0000172 and has since experienced a decline. Currently, the price is nearing an important support level at $0.000010.
Pepe coin (PEPE) began a downward correction after falling below the $0.0000130 mark. On the daily chart, a crucial bullish trend line at $0.0000120 was breached, indicating a shift in momentum. Currently, the price is expected to consolidate around $0.0000105 before potentially resuming its upward movement.
Pepe Coin Price Analysis: Recent Trends and Outlook
Over the past month, Pepe coin (PEPE) has shown impressive performance, surpassing Bitcoin and Ethereum in price gains. The coin experienced a steady rise above the $0.000010 mark, notably breaching the $0.0000150 resistance level and maintaining a position well above the 50-day simple moving average (blue line).
Pepe coin reached a new multi-month high at $0.0000172 before initiating a recent correction. This correction saw the price dipping below key support levels at $0.0000150 and $0.0000140. Additionally, it fell below the 23.6% Fibonacci retracement level of the upward movement from the $0.00000417 swing low to the $0.0000172 high.
Of significance, the coin also broke below a significant bullish trend line with support at $0.0000120 on the daily chart. Currently, Pepe coin is approaching a critical support zone near the 50-day simple moving average (blue line), close to the 50% Fibonacci retracement level of the aforementioned upward wave.
Looking ahead, if Pepe coin holds above the $0.000010 support level, it could potentially initiate another upward move. Immediate resistance levels to watch include around $0.0000125, with the first major resistance at $0.0000132.

A breakout above $0.0000132 could pave the way for a retest of the $0.0000150 resistance. The primary resistance now stands at $0.0000172. A daily close above this level might signal further gains towards the $0.000020 mark.
Investors and traders will closely monitor these levels for indications of Pepe coin’s future price movements amid its recent volatility and potential for recovery.
Pepe Coin Price Forecast: Potential Support and Resistance Levels
Pepe coin (PEPE) faces potential downside risks amid recent market movements. The coin’s first significant support level stands near $0.000010, aligned with the 50-day Simple Moving Average (SMA). A breach below this support could lead to further declines towards the next support at $0.0000080.
On the daily chart, there is a crucial bullish trend line also supporting the price at $0.0000080. A break below this trend line might trigger a more substantial downturn, potentially testing the next key support level at $0.0000062. Further losses could extend towards $0.00000470.
Despite the downside risks, Pepe coin currently maintains its position above the 50-day SMA, indicating ongoing support and potential for stability. The price may consolidate around current levels before attempting another move towards the recent high at $0.0000172.
Traders and investors will closely monitor these support and resistance levels to gauge Pepe coin’s next potential movements amidst market volatility and price fluctuations.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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