Pepe (PEPE) Price Prediction – When will PEPE hit $0.005?
Despite modest fluctuations, the total capitalization of the cryptocurrency market has remained relatively stable over the past week.
The recently launched PEPE coin, which has garnered traction as a deflationary meme coin on the Ethereum network, is an exception to this trend. Following successful meme-based cryptocurrencies such as Shiba Inu and Dogecoin, PEPE seeks to establish itself as the premier cryptocurrency.
PEPE is appealing to the cryptocurrency community due to its no-tax policy, reward system for long-term speculators, and scarcity-maintaining burning mechanism. The project's roadmap outlines three phases: listing on CoinMarketCap and attaining trending status on Twitter in phase one, listing on centralized exchanges in phase two, and listing on "tier 1" exchanges and a "meme takeover" in phase three.
Is it too late to buy the PEPE coin?
Let’s see the Pepe (PEPE) Price Prediction from the PEPEUSDT technical analysis:
PEPE/USDT Could Rise After The Binance Listing
Pepe ($PEPE) and Floki ($FLOKI) have had a significant impact on the world of Decentralised Finance (DeFi) in recent weeks. Their popularity has skyrocketed, and they now dominate this market.
Binance, the foremost cryptocurrency exchange in the world, has announced that it will list both coins in its Innovation Zone. The fact that both coins have a listing fee of 0 BNB indicates their high demand and value. Within 48 hours of the listing time, Binance intends to add PEPE as new borrowable assets with margin pairs.
The solid fundamental background with a higher demand could make this token an attractive investment opportunity, despite the absence of enough chart history.
The ideal trading approach for trading in meme tokens is to find a reliable price action in the intraday chart so that investors can join the buy rally as early as possible.
For the PEPE/USDT H4 chart, the current price is creating a ceiling at the 0.00000447711 level, from where downside pressure may come.
The indicator window shows a strong upside pressure from the Momentum, while the RSI shows a rebound from the overbought zone.
Based on the PepeCoin (PEPE) Price Prediction, a downside correction is pending; the price may find the dynamic 20 EMA as confluence support from where any bullish rejection candle formation would be the first buying possibility.
On the downside, the static support at 0.00000182333 could be another buying zone from where a proper candle formation is needed. Below this zone, a deeper correction may come toward the 0.00000084508 level.
PEPE/USDT Ichimoku Cloud Analysis
In the H4 timeframe, Ichimoku Cloud could offer a profitable trend trading opportunity where the current price is within a bull run. As a result, any bullish opportunity from the near-term area could be a high probable trading opportunity in this token.
The Tenkan supports the buying pressure, and Kijun Sen supports it, while the broader market outlook is solid above the Kumo Cloud level.
The Aroon indicator validates the buying momentum where a bullish trend is visible. The current Aroon Up (Green Line) is above the 80.00 line, so the buying pressure may increase in the coming days. Meanwhile, the minor correction is also pending as the Aroon Up has reached the overbought level.
Based on the H4 Pepe Coin Price Prediction, any immediate rejection from the dynamic Kijun Sen could be a buying opportunity, targeting the 0.0000065000 level. However, a deeper correction may occur towards the 0.00000182333 level.
Breaking below the 0.00000084508 could limit the buying possibility and initiate an extension to the selling pressure, targeting the 0.00000018544 level.
PEPE/USDT Intraday Price Action Analysis
In the H1 chart, a bullish pennant pattern is visible where a bullish break above the symmetrical triangle resistance could offer a decent impulsive momentum.
The visible range high volume level is at 0.00000106916 level, which is 64% below the current price. It is a sign that there is sufficient space on the downside, and profit-taking might happen before initiating another bull run.
The dynamic support shows buying pressure as the weekly VWAP is below the current price. On the other hand, downside pressure is visible from the MACD EMA, as it forms a bearish crossover.
Based on the H1 Pepe Price Prediction, the first long opportunity might come from the pennant pattern breakout. However, breaking below the 0.00000266208 level might initiate a downside correction toward the 0.00000182333 level before offering another upside pressure.
Is PEPEUSDT A Buy?
If you are a meme token lover, it could be the right time to buy the PEPEUSDT now. Close attention to the intraday swing level is needed before opening a long position.
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