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CATEGORY: pepe


Sep 08, 2024 12:05

PEPE Faces Key Support Test At $0.00000589 Will Bulls Hold The Line?

PEPE is facing intense bearish pressure, with its price trending downward toward a critical support level at $0.00000589. Recent market actions have shown that the bears are firmly in control, pushing the token closer to this key threshold. As sellers continue to dominate, the question is whether the bulls can step in to defend this level or if PEPE is set for further declines.  This article will analyze PEPE’s recent price action as it nears the critical support level at $0.00000589 by examining key technical indicators and market dynamics. It will explore whether the bulls can mount a defense to prevent further losses or if the bears will drive the token lower, aiming to provide a potential future outlook for the cryptocurrency. With a market capitalization exceeding $2.8 billion and a trading volume surpassing $602 million, PEPE was trading at approximately $0.000006683, reflecting a 6.47% decrease at the time of writing. In the past 24 hours, its market cap has dropped by 6,47%, while trading volume has increased by 74.80%. Current Market Sentiment: Bearish Signals Dominate On the 4-hour chart, although PEPE is attempting to move upward, it has maintained its downward trajectory after successfully breaking below the $0.00000766 level, continuing to trade below the 100-day Simple Moving Average (SMA). The asset is moving closer to the $0.00000589 support level, with negative market sentiment persisting. Also, the Relative Strength Index (RSI) on the 4-hour chart is currently at 31%, indicating that PEPE is in the oversold zone. This level suggests that selling pressure has been strong, potentially hinting at a short-term rebound or consolidation if the bears do not maintain dominance. On the daily chart, PEPE has shown significant bearish momentum since breaking below the $0.00000766 level and trading under the 100-day SMA. While the cryptocurrency is currently attempting an upward move, this rebound could be short-lived due to the prevailing bearish sentiment, which continues to exert pressure on the price. Finally, the RSI signal line on the 1-day chart is currently sitting at 36% as it continues to trend below the 50% threshold, suggesting that PEPE remains under bearish pressure, with the potential for bears to regain control and push the price lower. Whats Next For PEPE: Outlook For The Coming Days The current bearish trend, marked by negative momentum indicators, suggests that the bears could drive the price of PEPE to the $0.00000589 support level. If this support is broken, it could trigger further bearish action, potentially pushing the asset down to the $0.00000398 support level and possibly lower. However, if PEPE bounces back at the $0.00000589 support, it could retrace towards the resistance level at $0.00000766. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001152 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com

Sep 09, 2024 01:50

Sui (SUI) Price Analysis for Today, September 7 SUI Technical Analysis

Sui (SUI) has exhibited a recent surge, demonstrating its strength in the face of market volatility. This positive trend is driven by significant network updates, [...]

Sep 08, 2024 04:10

Recent Developments in Crypto: An Overview of Artemis Coin, Pepe Coin, and Shiba Inu

The crypto market never fails to amaze, with new digital currencies and projects popping daily. These new players aim to attract investors by offering brand new features or addressing specific market needs. Recently, three crypto have gained significant attention within the digital currency community: Artemis Coin, Pepe Coin, and Shiba

Oct 01, 2024 01:50

Render (RENDER) Price Analysis for Today, September 30 RENDER Technical Analysis

Render (RENDER) has captured market attention due to its role in decentralized GPU rendering, a critical component for 3D creators and applications in the Metaverse. [...]

Sep 30, 2024 12:05

PEPE Confirms Breakout From Symmetrical Triangle: How Far Can It Go?

Meme coin PEPE has been on an impressive rally for some time now. Stemming from a broader influx of funds into the meme coin sector and the overall cryptocurrency market that has been in motion for the past two weeks, PEPE is currently up by 38% in the last seven days, outperforming its meme coin counterparts with larger market caps. Related Reading: UNI Surges 30% Amid Ongoing On-Chain Development Talks Interestingly, this impressive price action has seen PEPE breaking out of a downtrend pattern that has lasted for the past six months. This significant development was highlighted on the social media platform X by well-known crypto analyst Captain Faibik. According to the analyst, PEPE’s price action has resulted in an upward breakout from a symmetrical triangle pattern, a technical formation that has been dictating its consolidation period for half a year.  Breakout From 6-Month Consolidation Pattern Using a PEPE / Tether US chart shared on social media platform X, Captain Faibik highlighted PEPE’s price action since the beginning of the year. The chart showed that since it reached its all-time high of $0.00001717 on May 27, 2024, PEPE has yet to return to this price point. Periods of rallies have been characterized by the formation of lower highs and higher lows, leading to the formation of a symmetrical triangle pattern. PEPE’s recent 38% rally has seen the meme coin break out substantially from the upper resistance trendline of the symmetrical triangle. From this point, the only place left to go is up. Analyst Predicts 351% Surge To New ATH With the breakout confirmed, Captain Faibik has set a bullish price target for PEPE. In terms of a price target, Captain Faibik noted that PEPE is now clear for a rally to a new all-time high. Specifically, he predicted a rally to a price target of $0.00003214.  Getting to this price point would necessitate PEPE stepping into new price territories. Furthermore, the price target means PEPE would need to surge by an impressive 351.69% from its breakout point. Given the meme coin’s recent history, such a price surge is very possible, especially as the crypto industry is now transitioning into a predicted bullish fourth quarter. As always with meme coins, extreme volatility and rapid price changes are expected. This is because investments in meme coins largely depend on the general sentiment among cryptocurrencies like Bitcoin, Ethereum, and sometimes Dogecoin (the king of meme coins).  Related Reading: XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance At the time of writing, PEPE is trading at $0.00001125, still on a 38% gain throughout last week. Other meme coins are on comparable gains in this time frame. Shiba Inu (SHIB) is up by 32%, Dogwifhat (WIF) rose by 33%, Bonk (BONK) climbed by 30%, and Floki (FLOKI) added 23%. Dogecoin (DOGE), on the other hand, is up by a smaller 17% in the past seven days. These gains could continue into the coming week as the market remains bullish. Featured image from Rolling Stone, chart from TradingView

Sep 30, 2024 12:05

Former BitMEX CEO Arthur Hayes Backs Memecoin PEPE With $250,000 Bet

Arthur Hayes, co-founder and former CEO of the cryptocurrency trading platform BitMEX, has recently made headlines with significant investments in the memecoin sector, particularly through his notable purchase of Pepe (PEPE).  Hayes optimism towards memecoins, expressed in a recent social media post on X (formerly Twitter), has coincided with a significant surge in PEPE’s value, reflecting a broader resurgence in interest within the crypto market. PEPE Price Soars Following Hayes Investment On-chain analytics platform Lookonchain revealed that Hayes invested $250,000 in PEPE by purchasing approximately 24.39 billion tokens on Binance on Friday. This investment comes as PEPE is experiencing a notable upward trajectory, reaching its highest price in nearly three months at $0.0000109.  CoinGecko data shows that the token has recorded impressive gains of 34%, 45%, and 38% over the past week, two weeks, and month, respectively. The recent price movements of PEPE are further supported by a substantial increase in trading volume, which surged by 41% in the last 48 hours to nearly $2.5 billion. Related Reading: DogWifHat Whale Doubling Down, Buys More WIF: All-Time High Incoming? This uptick in trading activity is indicative of heightened investor interest, likely fueled by a bullish sentiment following the US Federal Reserve’s decision to cut interest rates on September 18, which has provided a favorable environment for various cryptocurrencies, including the memecoin sector. Currently trading at $0.0000107, PEPE is up 17% in the latest trading hours. However, it remains down 37% from its all-time high of $0.0000171 reached in May. Despite this decline, Hayes’s endorsement appears to be a catalyst for continued investor interest. Support For Mog Coin And The Mother Iggy Token Hayes’s involvement in the memecoin space extends beyond PEPE. He has also shown support for two other tokens: Mog Coin (MOG) and the Mother Iggy (MOTHER) token, associated with Australian singer Iggy Azalea and built on the Solana blockchain.  While Lookonchain has not confirmed whether Hayes invested in these tokens as he did with PEPE, his endorsement has already positively impacted MOG’s price, which is currently trading at $0.00000165a gain of over 10% following Hayes’s announcement. MOG has recorded a colossal year-to-date surge of 10,398%, alongside a 5.70% increase in trading volume. Despite these gains, it remains 32% below its peak of $0.0000024 reached in July. Related Reading: Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here? Conversely, the MOTHER token has struggled to maintain momentum, trading down nearly 14% in the past 24 hours. However, it has seen substantial gains of 75% over the last week and 176% in the past two weeks, signaling that it remains an asset of interest despite recent volatility. Overall, Haye’s support for the memecoin sector shows the traction that this part of the market has gained over the past year in particular, outperforming the largest cryptocurrencies on the market by a clear margin. Featured image from DALL-E, chart from TradingView.com

Sep 29, 2024 02:30

PEPEs Strong Correlation With Ethereum Drives Bullish Streak

PEPE, a frog-themed meme coin has been making waves in the cryptocurrency market, exhibiting strong bullish momentum. Following Ethereum’s lead, the token successfully broke out of a bullish continuation pattern, complete with a retest for confirmation. This positive development has reignited investor interest in the token. One of the key factors driving PEPE’s price surge […]

Pepe gains 30% in a week as memecoin trading volumes explode

Author: Cointelegraph by Nancy Lubale
United States
Sep 28, 2024 12:00

Pepe gains 30% in a week as memecoin trading volumes explode

Pepes trading volumes tripled over the past week, triggering a strong double-digit rally in the frog-themed memecoin.

Sep 28, 2024 03:35

BitMEX Founder Bets Big on These Memecoins, Says Its Time for Their Breakout

BitMEX co-founder Arthur Hayes becomes active in the memecoin market, promoting top tokens like Pepe (PEPE), Mother Iggy (MOTHER), and…

The post BitMEX Founder Bets Big on These Memecoins, Says Its Time for Their Breakout first appeared on The Crypto Basic.

Sep 28, 2024 04:10

Are PEPE Bulls Set to Further Extend Their Gains?

The crypto market has witnessed brief bullish turns, with the market cap recording a 1.65% spike. After a 15.47% gain, PEPE chose a bullish rally for the day, breaking the previous resistance levels. The meme coin opened the trading day at $0.000009121 and eventually led to break the resistance and

Sep 28, 2024 02:00

PEPE surges as Arthur Hayes bets on meme coin

PEPE’s price shot up 14% as meme coins rose, with Floki and Shiba Inu among the top gainers The price of Pepe increased as Arthur Hayes withdrew $250,000 in PEPE from Binance Hayes is also touting Mother Iggy (MOTHER) and Mog Coin (MOG) Pepe’s (PEPE) price spiked more than 14% in 24 hours as the […]

The post PEPE surges as Arthur Hayes bets on meme coin appeared first on CoinJournal.

PEPE PRICE ANALYSIS & PREDICTION (September 26)  Shib Gathers Liquidity For A Big Move, Targets This Vital Resistance

Author: Michael Fasogbon
United States
Sep 27, 2024 03:05

PEPE PRICE ANALYSIS & PREDICTION (September 26) Shib Gathers Liquidity For A Big Move, Targets This Vital Resistance

Pepe continued to gain traction weekly after halting bearish actions this month. The price looks strong on the day as it charges towards a key resistance level. Breaking this resistance should signal a bullish move. As most meme coins roll back to their yearly low in the recent fallout, Pepe […]

Sep 26, 2024 01:50

Cardano (ADA) Price Analysis for Today, September 25 ADA Technical Analysis

Cardano (ADA) continues to make headlines as a key player in the crypto space. With consistent development and strong backing from its founder Charles Hoskinson, [...]

Sep 25, 2024 04:10

How to Create and Launch a Memecoin A User Guide

The revolutionary introduction of Decentralization has equipped creators with enhanced tools for development and revenue generation. In recent times, numerous  enthusiasts have turned to exploring memecoins to unleash their creative skills. However, DeFi has expanded beyond utility tokens and has become inclusive through memecoins, allowing any creative individual to contribute

Sep 24, 2024 04:10

Forget PEPE Coin and Simons Cat: BlockDAG is the Best Bet with Massive ROI Predictions!

 In 2024, meme coins have been making waves, with PEPE and Simon’s Cat at the helm of market fluctuations. PEPE Coin, after a 6.69% September dip, is poised for a 25% surge, while Simons Cat has already soared 85.09% since August. Not to be outdone, BlockDAG is crafting its niche

Sep 24, 2024 01:50

Chainlink (LINK) Price Analysis for Today, September 23 LINK Technical Analysis

Chainlink (LINK) has drawn attention due to its regular token unlock events. Despite a recent increase in circulating supply from the 18.75 million LINK tokens [...]

Sep 21, 2024 03:05

Whales And Smart Dex Traders Ramp Up $PEPE Accumulation

In a significant show of confidence, whales and Smart Dex Traders (SDTs) have been actively accumulating $PEPE over the past 24 hours. Whales have bought an impressive 195.21 billion $PEPE, worth approximately $1.66 million. Meanwhile, SDTs have added 27.21 billion $PEPE to their portfolios, totaling $204,100. As a result, $PEPE […]

Sep 04, 2024 01:50

Kaspa (KAS) Price Analysis for Today, September 2 KAS Technical Analysis

Kaspa (KAS) continues to hold a strong position in the cryptocurrency market, with a current price of $0.159. It boasts a market capitalization of $3.94 [...]

Sep 19, 2024 01:50

Kaspa (KAS) Price Analysis for Today, September 18 KAS Technical Analysis

Kaspa (KAS) has seen a remarkable network activity in recent days following the successful launch of its KRC-20 tokens. The network, typically processing around 30,000 [...]

Sep 17, 2024 01:50

Sui (SUI) Price Analysis for Today, September 16 SUI Technical Analysis

Sui (SUI), a promising layer-1 blockchain, has been showcasing impressive market performance. In the past week, Sui’s price has exhibited notable growth, contrasting the sideways [...]

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