{"id":354695,"date":"2023-10-30T07:00:18","date_gmt":"2023-10-30T01:30:18","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=354695"},"modified":"2023-10-29T18:34:10","modified_gmt":"2023-10-29T13:04:10","slug":"pepe-how-the-meme-coin-could-see-15-gains","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pepe-how-the-meme-coin-could-see-15-gains\/","title":{"rendered":"PEPE: How the meme coin could see +15% gains\u00a0"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">PEPE retreated to a crucial alignment of support and liquidity on the chart.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Demand fluctuated in the Futures market, but funding rates remained positive.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">On Thursday, 26 October, <\/span><span style=\"font-weight: 400;\">Pepe [PEPE]<\/span><span style=\"font-weight: 400;\"> sellers re-entered the market after the meme coin hit a key roadblock at $0.00000130. The sellers&#8217; move saw them enjoy 17% shorting gains after pushing PEPE to $0.00000112.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/pepe-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">A previous PEPE price prediction <\/span><a href=\"http:\/\/ambcrypto.com\/pepe-shows-strong-bullish-bias-as-it-approaches-this-resistance-zone\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> by AMBCrypto opined that an extended bullish momentum could flip the overhead hurdle of $0.00000140 to support.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, sellers overwhelmed bulls at the hurdle and grabbed +17% shorting gains during the retracement.\u00a0<\/span><\/p>\n<h4>Will bulls defend this support?<\/h4>\n<figure id=\"attachment_354696\" aria-describedby=\"caption-attachment-354696\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01.png\"><img decoding=\"async\" class=\"size-full wp-image-354696\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01.png\" alt=\"PEPE\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01-300x171.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01-1024x582.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01-768x437.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-29_14-38-01-1536x874.png 1536w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-354696\" class=\"wp-caption-text\">Source: PEPE\/USDT on TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">PEPE retested the previous resistance and bearish order block (OB) $0.00000105 (cyan). The level aligned with the liquidity on the chart of $0.00000106 \u2013 $0.00000112 (orange). As such, the alignment could act as a solid bullish zone and front a reversal to the upside.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the reversal retests the overhead roadblock at $0.00000130 (red), buying at the liquidity could offer a +15% gain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But an extremely bearish scenario that drags PEPE below the current support zone of $0.00000104 \u2013 $0.00000114 (cyan) will invalidate the bullish bias. Such a move could make a drop towards $0.00000085 likely.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the meme coin still had substantial buying pressure, as shown by RSI in the overbought zone. In addition, it recorded impressive capital inflows in the past few days, as demonstrated by the positive CMF.<\/span><\/p>\n<h4>Funding rates were positive, but demand fluctuated<\/h4>\n<figure id=\"attachment_354698\" aria-describedby=\"caption-attachment-354698\" style=\"width: 1778px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October.png\"><img decoding=\"async\" class=\"size-full wp-image-354698\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October.png\" alt=\"PEPE\" width=\"1778\" height=\"999\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October.png 1778w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October-1024x575.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPE-Coinalyze-29-October-1536x863.png 1536w\" sizes=\"(max-width: 1778px) 100vw, 1778px\" \/><\/a><figcaption id=\"caption-attachment-354698\" class=\"wp-caption-text\">Source: Coinalyze<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In the Futures market, demand for the meme coin eased slightly, as shown by a drop in Open Interest (OI) rates.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 PEPEs worth today<\/span><span style=\"font-weight: 400;\">?<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">But funding rates remained positive and underscored the bullish sentiment held by most players in the derivative segment. The buyers\u2019 leverage was further confirmed by the positive slope of the CVD (Cumulative Volume Delta).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, PEPE could rebound at the alignment of support and liquidity on the chart above $0.00000110. The idea could be accelerated if BTC doesn\u2019t post more losses or drop below $34k.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE could witness a rebound at a crucial alignment above $0.00000110 if BTC doesn&#8217;t drop below $34k. <\/p>\n","protected":false},"author":79,"featured_media":354701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[41,18,5824,66,3,23,4,20],"tags":[],"class_list":["post-354695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-analysis","category-hide-cryptopanic","category-memecoins","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: How the meme coin could see +15% gains\u00a0 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"PEPE sellers enjoyed +17% during the pullback from $0.00000130 to $0.00000112. 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