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CFX 1D🧐🤔 Yakında güncelleyin dostlarım 💫 #Bitcoin #trading #Altcoins #cryptocurrency #futures

CFX 1D🧐🤔

Yakında güncelleyin dostlarım 💫

#Bitcoin #trading #Altcoins #cryptocurrency #futures

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Pepe Coin Price Eyes Key Breakout Ahead of Bitcoin Halving For over a month, the Pepe coin price has witnessed a steady downtrend, projecting a new lower high and low in the daily chart. Connecting these swings with trendlines created a channel pattern— a common technical setup that leads to an active downtrend before an imminent breakout. From the mid-March high of $0.00001084, the PEPE price plunged 55% to currently exchange hands at the $0.00000492 mark. Despite the downturn, this memecoin maintains its position among the top 50 cryptocurrencies with a market cap of $2.07 Billion. If the selling pressure persists, the PEPE coin could extend its correction by 25% to hit the channel pattern’s lower trendline at $0.0000035. However, with the Bitcoin Halving just around the corner and Coinbase Advanced’s upcoming launch of the 1000PEPE-PERP markets poised to have a significant impact on PEPE coin’s trading dynamics. This development would likely bolster a bullish reversal from the pattern’s lower trendline and set PEPE on a new recovery trend. Having said that, the buyers will gain better control over this asset with the upside breakout of the channel pattern. The post-breakout rally could chase the Pepe price to $0.00001084. Technical Indicator Exponential Moving Average: The PEPE price trading below the 20-and-50-day EMA highlights the near-term trend is bearish. Moreover, a potential bearish crossover among these EMA slopes could accelerate selling momentum. Moving Average Convergence Divergence: The MACD(blue) and Signal(orange) in a negative crossover state indicate a steady downtrend in the Pepe Coin. Don’t miss updates, my friends 💫 #Bitcoin #PEPE #Altcoins #cryptocurrency #futures
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