PEPE Price Prediction: The trending Meme cryptocurrency PEPE continues to reward its holders with massive gains as its popularity grows day by day. Today, the prices witnessed a 108% rally as the world’s largest cryptocurrency exchange Binance and some other famous exchanges announced their listing plans which suggest this popular coin will get a massive inflow of trades. Here’s what the future holds for PEPE as per the technical analysis.
- A massive growth in any asset price is usually followed by a correction to stabilize the price trend for further growth
- The higher price rejection candles at $0.000014 reflect the exhausted bullish momentum
- The intraday trading volume in the XRP is $1.42 Billion, indicating a 292.5% gain.
Pepecoin continues to witness remarkable growth as more popular crypto exchanges are announcing their listing for this trending meme cryptocurrency. Today, the coin showed a 108% growth and marked a new All-Time high at $0.0000014, while its current market cap reached $1.5 Billion.
However, the hourly chart shows a high wick rejection at the ATH level indicating that short-term investors are booking their profit. If the coin price formed a local top at $0.0000014, the coin holders are likely to witness a significant rally.
Also Read: Uniswap Data On PEPE Coin Reveals Real Picture Of Memecoin Craze
After a massive growth, the correction phase is common and in fact, beneficial to check price stability at reclaimed levels. As per the Fibonacci retracement tool, the potential correction may revisit the $0.00000315, or $0.0000025 mark to meet the 23.6% and 38.2% FIB levels respectively.
Investors should closely watch these crucial levels to grab pullback opportunities as a more direct rally is unlikely until this memecoin gains some other external news.
Exponential Moving Average: In the hourly chart, the 20-day EMA acts as excellent dynamic support to assist buyers during occasion pullbacks.
Relative Strength Index: The overbought RSI slope also indicates the buying activity has overextended and the prices are likely to witness a correction phase.
XRP Intraday Price Levels
- Spot price: $0.0000038
- Trend: Up
- Volatility: High
- Resistance level- $0.000004 and $0.0000045
- Support level- $0.00000315 and $0.0000025
The post PEPE Price Prediction: Is it Too Late to Buy Pepecoin After Its Massive 108% Price Rally? appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks