{"id":321333,"date":"2023-06-18T23:00:24","date_gmt":"2023-06-18T17:30:24","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=321333"},"modified":"2023-06-19T04:20:16","modified_gmt":"2023-06-18T22:50:16","slug":"pepe-extends-recent-gains-more-profits-ahead","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pepe-extends-recent-gains-more-profits-ahead\/","title":{"rendered":"PEPE extends recent gains &#8211; More profits ahead?"},"content":{"rendered":"<p><i data-stringify-type=\"italic\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>PEPE extended its bullish rally with 5.9% gains.<\/em><\/li>\n<li><em>Rising mean coin age hinted at more bullish upside.\u00a0<\/em><\/li>\n<\/ul>\n<p>Pepe&#8217;s [PEPE] bullish rally continued to make progress with 5.9% gains over the past 24 hours. A recent <a href=\"http:\/\/ambcrypto.com\/pepe-rises-13-9-in-24-hours-new-rally-in-works\/\" target=\"_blank\" rel=\"noopener\">price report<\/a> highlighted the possibility of a strong bullish reversal from the $0.00000084 support level, with buyers maximizing the opportunity.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are 1,10,100 PEPEs worth today?<\/p>\n<hr \/>\n<p>PEPE bulls have been encouraged by Bitcoin [BTC] hitting the $26.5k price zone over the same period. This could spur further price gains for investors in the short term.<\/p>\n<h4><strong>Bullish rally gathers steam<\/strong><\/h4>\n<figure id=\"attachment_321334\" aria-describedby=\"caption-attachment-321334\" style=\"width: 1539px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50.png\"><img decoding=\"async\" class=\"size-full wp-image-321334\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50.png\" alt=\"\" width=\"1539\" height=\"863\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50.png 1539w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50-1024x574.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50-768x431.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSDT_2023-06-18_05-41-50-1536x861.png 1536w\" sizes=\"(max-width: 1539px) 100vw, 1539px\" \/><\/a><figcaption id=\"caption-attachment-321334\" class=\"wp-caption-text\">Source: PEPE\/USDT on Trading View<\/figcaption><\/figure>\n<p>Bulls looking to reverse PEPE\u2019s recent losses finally found a strong base to rebound. The strong bearish swing had flipped both $0.00000162 and $0.00000115 support levels to resistance, with sellers reigning supreme.<\/p>\n<p>However, the $0.00000084 support level saw bulls halt the bearish slide with a strong defense of the level before initiating a rally. A retest of the level has seen PEPE post gains of 20.8% between 15 June and 17 June to trade at $0.00000100, as of press time.<\/p>\n<p>The bullish momentum also saw the meme coin break above the bearish trendline, which highlighted the significant buying pressure. Further hurdles lie for bulls at the $0.00000115 resistance level. A session close above this resistance will see bulls break the lower low of the bearish slide and spur more bullish activity.<\/p>\n<p>Failure to reclaim the $0.00000115 level will introduce sellers back into the market with shorting opportunities available, if price can\u2019t break above the resistance level.<\/p>\n<p>Meanwhile, the Relative Strength Indicator (RSI) and Moving Average Convergence Divergence (MACD) remained bullish on the four-hour timeframe. The RSI remained above the neutral 50 with a reading of 60, as of press time. The MACD also continued its uptrend moving above the zero level after a bullish crossover on 13 June. This signaled sustained bullish momentum in the short term.<\/p>\n<h4><strong>On-chain metrics support continuation of bullish move<\/strong><\/h4>\n<figure id=\"attachment_321336\" aria-describedby=\"caption-attachment-321336\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-321336\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-06.13.50-18-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-321336\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>Data from <a href=\"https:\/\/app.santiment.net\/s\/TpmuNJJp\" target=\"_blank\" rel=\"noopener\">Santiment<\/a> showed a bullish reversal was bound to happen. The 90d mean coin age has been on a steady ascent since 5 May. This hinted at a sustained accumulation of PEPE at cheaper prices in preparation for a rebound.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/pepe-profit-calculator\" target=\"_blank\" rel=\"noopener\">PEPE Profit Calculator<\/a><\/p>\n<hr \/>\n<p>The 30d Market Value to Realized Value (MVRV) ratio stood at -18.23% hinting at a heavily undervalued asset. This signaled that most traders were still holding onto the meme coin in anticipation of further price rises.<\/p>\n<p>Further upside for Bitcoin will positively impact PEPE, as investors flock in for more short-term gains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE\u2019s bullish rally continued to make progress with 5.9% gains over the past 24 hours, as buyers maximized the bullish reversal.<\/p>\n","protected":false},"author":70,"featured_media":321478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[],"class_list":["post-321333","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PEPE extends recent gains - More profits ahead? 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