{"id":383718,"date":"2024-04-14T17:30:19","date_gmt":"2024-04-14T12:00:19","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=383718"},"modified":"2024-04-14T19:02:14","modified_gmt":"2024-04-14T13:32:14","slug":"pepe-in-the-long-term-will-q2-2024-see-a-new-ath","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pepe-in-the-long-term-will-q2-2024-see-a-new-ath\/","title":{"rendered":"PEPE in the long-term: Will Q2 2024 see a new ATH?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">If PEPE\u2019s price crossed $0.00001, investors might see its price rise to new highs.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Metrics suggested that selling pressure on the meme coin was increasing.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"http:\/\/ambcrypto.com\/category\/pepe-coin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE<\/span><\/a><span style=\"font-weight: 400;\">\u2019s price gained bullish momentum on the 11th of April as its value surged. Investors were hopeful about a successful breakout, which could allow PEPE to reach new highs in the coming weeks. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, things did not go as planned as the market crashed on the 13th of April.\u00a0<\/span><\/p>\n<h4><b>PEPE bulls are stepping up<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">After a price uptick, the market crash caused PEPE to plummet by more than 11% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/pepe\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, at the time of writing, the meme coin was trading at $0.000005219 with a market capitalization of over $2.2 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, AMBCrypto <\/span><a href=\"http:\/\/ambcrypto.com\/pepe-flips-optimism-can-op-emerge-from-the-memecoin-mania\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> a few days ago about PEPE flipping <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/optimism-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Optimism [OP]<\/span><\/a><span style=\"font-weight: 400;\"> in terms of market cap. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto\u2019s look at TradingView\u2019s data pointed out a few bullish indicators. The meme coin\u2019s Chaikin Money Flow (CMF) registered an uptick on the 9th of April. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, its On Balance Volume (OBV) remained high throughout the last seven days, which could have helped PEPE turn bullish before the market crashed.\u00a0<\/span><\/p>\n<figure id=\"attachment_383719\" aria-describedby=\"caption-attachment-383719\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50.png\"><img decoding=\"async\" class=\"wp-image-383719 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-51-50-1200x645.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-383719\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">If investors remain patient, then they might as well witness a massive PEPE bull rally, as the meme coin\u2019s price was moving in a bullish symmetrical triangle pattern. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analyst Crypto Tony recently posted a <\/span><a href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1778021105552457886?t=BjS7OgPjjN2ooMMY6AG-vw&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> highlighting the bull pattern. He noted that if PEPE successfully breaks above $0.00001, the meme coin\u2019s price might reach new highs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To see what might be the immediate next targets for PEPE, AMBCrypto checked Hyblock Capital\u2019s data. We found that the meme coin\u2019s liquidation will rise sharply near $0.000008. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, to begin a promising rally, PEPE must first go above that mark, followed by $0.0000082 and $0.0000086 level.<\/span><\/p>\n<figure id=\"attachment_383721\" aria-describedby=\"caption-attachment-383721\" style=\"width: 2766px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-383721 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM.png\" alt=\"\" width=\"2766\" height=\"1266\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM-300x137.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM-1024x469.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM-768x352.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM-1536x703.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM-2048x937.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-11-at-4.56.04\u202fPM-1200x549.png 1200w\" sizes=\"(max-width: 2766px) 100vw, 2766px\" \/><\/a><figcaption id=\"caption-attachment-383721\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">AMBCrypto then checked PEPE\u2019s daily chart to find the targets PEPE might hit this summer if it manages to break above the aforementioned high liquidation zones in the coming weeks. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our analysis revealed that if the meme coin goes above $0.000009, then the possibility of PEPE reaching an all-time high this summer seems pretty high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if bears take over, it will be crucial for the meme coin to test the support near $0.000006. A drop below that level could be disastrous for the meme coin.\u00a0<\/span><\/p>\n<figure id=\"attachment_383722\" aria-describedby=\"caption-attachment-383722\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53.png\"><img decoding=\"async\" class=\"wp-image-383722 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-11_16-59-53-1200x645.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-383722\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h4><b>Will PEPE\u2019s uptrend last in the short-term?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Since the meme coin\u2019s price rose on the 11th of April, AMBCrypto then checked its on-chain metrics to see whether the trend would last. We found that selling pressure on the meme coin was increasing.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE&#8217;s market cap in BTC\u2019s terms<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">This was expounded by the fact that the meme coin\u2019s Supply on Exchanges increased, while its supply outside of exchanges dropped.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Its supply held by top addresses also declined, meaning that the whales were selling their holdings. These metrics had a negative impact on the meme coin, as its price sank sharply on the 13th of April.<\/span><\/p>\n<figure id=\"attachment_383723\" aria-describedby=\"caption-attachment-383723\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024.png\"><img decoding=\"async\" class=\"wp-image-383723 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024.png\" alt=\"Selling pressure on PEPE was high\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Pepe-PEPE-17.02.21-11-Apr-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-383723\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>PEPE moves inside a bullish pattern, hinting that its price could reach an ATH this summer.<\/p>\n","protected":false},"author":75,"featured_media":384568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,6390,4,20],"tags":[6427],"class_list":["post-383718","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-pepe-coin-news","category-social","category-trading-view","tag-ambcrypto"],"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 in the long-term: Will Q2 2024 see a new ATH? 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