Pepe Price Falls Hard as Crypto Market Tanks: Where’s the Next Support?

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Sep 2022

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

July 26, 2024

Amid a widespread downturn in the cryptocurrency market, Pepe price has sharply declined to $0.000011, reflecting a near 6% drop in just 24 hours.

With a substantial trading volume of $1,045,483,696, Pepe currently ranks as the 22nd largest cryptocurrency by market capitalization, which stands at $4,836,454,029.

Despite the downward trend, Pepe Coin holds an impressive year-over-year growth of 815%, with early investors seeing significant returns.

Exploring Pepe Coin’s Promising Jump; 38.77% Surge Ahead?

Pepe Coin has seen significant growth, soaring 815% over the past year, and investors who entered early have reaped substantial profits.

Despite currently trading 27% below its all-time high of $0.00001717 reached in May 2024, CoinCodex remains optimistic.

They predict a potential 38.77% increase to $ 0.00001588 by the end of July 2024, turning a $1,000 investment today into approximately $1,387. However, it’s important to note that this forecast isn’t guaranteed.

🚀 Pepe Coin Alert! Despite a 27% dip from its May '24 peak, Pepe Coin's year has been explosive with 815% growth! 📈

🔮 Forecast: CoinCodex sees a potential 38.77% increase to $0.00001588 by July '24.

💡 Note: Market predictions are not guarantees.#PepeCoin #CryptoInvestment pic.twitter.com/7JeALuDqtH

— Arslan Ali (@forex_arslan) July 26, 2024

• Current Price Drop: 27% below May 2024’s all-time high.
• Potential Increase: Forecasted 38.77% rise by July 31, 2024.

Pepe Price Prediction

The current price of $0.000011 places the cryptocurrency in a delicate position. A key technical indicator, the 50-day Exponential Moving Average (EMA), is currently at $0.00001196. Pepe’s price is trading just below this EMA, indicating a slight bearish trend.

Additionally, the Relative Strength Index (RSI) is at 42.24, suggesting a neutral market sentiment with potential for bullish divergence.

Key Price Levels:

The pivot point, marked at $0.00001179, is crucial. Immediate resistance levels are found at $0.00001285, $0.00001300, and $0.00001350.

🚨 #PepeCoin (PEPE) Technical Outlook 🚨

Price: $0.000011 📉 24H Volume: $1.04B
🔍 Key Levels: Pivot: $0.00001179 Resistance: $0.00001285 Support: $0.00001119

Formation of a hammer candlestick suggests a potential buying trend! 📈
Stay updated! #Crypto #Trading #PEPECoin pic.twitter.com/aj7HLSgEB6

— Arslan Ali (@forex_arslan) July 26, 2024

On the downside, immediate support levels are at $0.00001119, followed by $0.00001081, and $0.00001038. The formation of a hammer candlestick pattern on the 2-hour chart is noteworthy as it often signals a potential reversal and the likelihood of a buying trend in PEPE.

The hammer candlestick formation on the 2-hour chart indicates a potential reversal in the current downtrend, suggesting that a buying trend might emerge.

The RSI level at 42.24 is neutral but shows signs that bulls might be preparing to take control if the price can sustain above the pivot point of $0.00001179.

The 50 EMA at $0.00001196 is a significant resistance level, and breaking above it could further strengthen Pepe’s bullish outlook.

Conclusion: Pepe (PEPE) exhibits a potential buying opportunity if it sustains above the $0.00001179 pivot point, which is critical for maintaining bullish momentum.

Although, Altcoins, are struggling to gain traction. Yet, a new contender, Pepe Unchained, is generating buzz in the meme coin sphere.

Why Pepe Unchained ($PEPU) Deserves a Spot in Your Crypto Portfolio:

Meme coins are poised for growth, and $PEPU, as a promising newcomer, could offer substantial gains.

Presale Advantage: Investing in $PEPU now, during the presale, could lead to significant returns later, as highlighted by crypto experts like Jacob Crypto Bury.

Passive Income: The 499% APY staking feature provides an attractive opportunity for passive income.

Investor Confidence: With 321 million $PEPU tokens already staked, investors are demonstrating strong belief in the project’s long-term potential.

Don’t Miss Out on the Pepe Unchained Presale:

• Secure Investment: Pepe Unchained’s smart contract has been thoroughly audited by Coinsult and SolidProof.
• Easy Purchase: You can buy $PEPU with ETH, USDT, BNB, or a credit card.
• Take Action: Don’t miss this chance to potentially become a millionaire or even a billionaire!

This sentiment is echoed by popular crypto YouTuber Jacob Crypto Bury, who sees significant growth ahead for meme coins this year and emphasizes the advantages of investing in presales such as Pepe Unchained.

Buy PEPU Here