Pepe Price Prediction Following 16.5% Monthly Increase – What’s Next for PEPE?

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

Part of the Team Since

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: 

June 23, 2024

Analyzing the monthly chart, PEPE has seen a 16.5% increase, bringing its price to $0.00001155. This rise reflects a strong bullish momentum from the previous month. However, the recent consolidation within a symmetrical triangle pattern suggests a potential pause in the upward movement.

Immediate resistance levels on the monthly chart are aligned with the daily, highlighting $0.00001228, $0.00001278, and $0.00001334 as key levels to watch. On the support side, $0.00001145, $0.00001109, and $0.00001079 remain critical.

Given the 16.5% increase, traders should watch for a breakout from the symmetrical triangle pattern.

Pepe Price Prediction

PEPE/USDT

is currently trading at $0.00001154, reflecting a decline of 0.77%. The key pivot point is marked at $0.00001183, indicated by the green line.

Immediate resistance levels are found at $0.00001228, $0.00001278, and $0.00001334. These resistance points suggest potential selling pressure if PEPE attempts to rise.

📊 #PEPE Price Prediction! PEPE/USDT is trading at $0.00001154, down 0.77%.

Watch the key pivot at $0.00001183.

Resistance at $0.00001228, $0.00001278, and $0.00001334.

Support at $0.00001145, $0.00001109, and $0.00001079. RSI is neutral at 51.
📉📈 #Crypto #PEPE

— Arslan Ali (@forex_arslan) June 23, 2024

On the downside, immediate support is seen at $0.00001145, with further support at $0.00001109 and $0.00001079.

The Relative Strength Index (RSI) is at 51, indicating a neutral market sentiment. The 50-day Exponential Moving Average (EMA) stands at $0.00001145, providing additional support near the pivot point.

A symmetrical triangle pattern is currently limiting PEPE’s movement, suggesting a neutral bias. This pattern indicates that traders should be cautious, as a breakout in either direction could dictate the next significant move.

The symmetrical triangle typically signifies a period of consolidation, which can lead to a continuation of the previous trend or a reversal, depending on the breakout direction.

Given these technical indicators, traders should consider a sell position if PEPE falls below $0.00001183. Conversely, if the price breaks above this level, it may signal a potential upward trend.

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