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Pepecoin

Pepe (PEPE) gains stability. What's next?A Whale alert reported recently a massive transfer of 9 trillion PEPE tokens that were valued at $82 million approximately from an unknown wallet to the crypto exchange Bybit on July 10, 2024 in a substantial growth for the meme coin market. This transfer comes amid a price increase for PEPE that happened 2 days ago. This whale activity has flared assumptions about a potential selloff but some analysts suggest that it could be an internal movement by Bybit. The transfer comes as the PEPE price stabilizes around $0.00000920. Looking at its technicals PEPE has recently found support after a general crypto market selloff. The meme coin had been in a bearish mode since reaching an all-time high of $0.00001725 on May 27th. It then experienced a 55% pullback after the high finding a horizontal support level at $0.00000763 on July 5th. The daily Relative Strength Index currently sits at 40 indicating growing bullish momentum as buyers attempt to push prices higher. The 200-day Exponential Moving Average at $0.00000776 provides additional support and therefore create a confluence for a strong recovery potential. A vital key level to watch is the $0.00000991 high market few days ago. If PEPE price can break and close above the level then it could signal a trend reversal and the start of a recovery phase.
by paul_endeo
Phemex Analysis #5: 1000PEPE_ Resistance, Support & Trade Ideas.Since October, PHEMEX:1000PEPEUSDT.P has been a standout performer in the bull market, showcasing an impressive gain of 2,300% (from $0.000747 on October 23rd, 2023, to $0.0172 on May 27th, 2024). However, recent market signals indicate a potential deceleration. The formation of a lower high on June 26th and a significant decline in the Relative Strength Index (RSI) suggest weakening price strength, culminating in a notable drop to $0.0076 last week. This development necessitates a comprehensive reassessment of the technical landscape, with a specific focus on critical support and resistance levels that are pivotal for informed trading decisions. Resistance Levels: Understanding resistance levels is essential for anticipating zones where selling pressure may intensify, potentially halting or reversing the current uptrend. Here are the identified resistance levels for PHEMEX:1000PEPEUSDT.P : $0.0117 (Weak resistance): This level represents a modest obstacle where price might temporarily pause before potentially resuming its upward trajectory. $0.0127 (Medium resistance): A more significant barrier that could trigger a temporary consolidation or pullback in price. $0.0139 (Strong resistance): This level presents substantial resistance and may require robust buying activity to surpass. $0.0158 (Strongest resistance): The highest resistance identified, indicating a formidable barrier where sustained buying pressure is needed for further upward movement. Monitoring these levels is critical for detecting potential signs of exhaustion or reversal, particularly if repeated attempts to breach these levels prove unsuccessful. Support Levels: Conversely, support levels denote areas where buying interest is expected to emerge, potentially leading to price stabilization or a rebound. Here are the identified support levels for PHEMEX:1000PEPEUSDT.P : $0.0076 (Weak support): A minor support level capable of temporarily arresting downward movements. $0.0059 (Medium support): A more substantial support level where significant buying activity could help stabilize the price. $0.0046 (Strong support): Represents a critical level historically associated with strong buying interest, often triggering significant price rebounds. $0.0039 (Strongest support): The most robust support level identified, indicating a solid foundation where price has consistently found buyers in the past. These support levels are pivotal for identifying potential entry points for long positions, especially when price approaches these levels and shows signs of stability or reversal. Trading Ideas: Armed with a clear understanding of these key support and resistance levels, traders can implement effective strategies tailored to current market conditions: Long Position Strategy: Consider initiating long positions when the price consolidates near a strong support level, indicating potential for a rebound and continuation of the uptrend. Short Position Strategy: Look for opportunities to initiate short positions as price approaches strong resistance levels and displays signs of exhaustion or reversal, such as the formation of a third top combined with RSI divergence. Advanced Strategy - Neutral Grid Bots: For traders with advanced technical skills, deploying neutral grid bots can provide a strategic advantage. These bots are designed to capitalize on price fluctuations within a specified range, enabling traders to benefit from both upward and downward movements without committing to a single directional bias. By integrating these strategies into their trading approach, intermediate traders can effectively navigate market volatility and capitalize on opportunities presented by key support and resistance levels. Note: Do check out Phemex website for our Neutral Grid Bots that is specially crafted for Sophisticated, Advanced Traders, like you. Disclaimer: This article is intended for educational purposes only and does not constitute financial or investment advice. Readers are encouraged to conduct their own research (DYOR) and consider their financial situation and risk tolerance before making any investment decisions. Phemex does not assume responsibility, directly or indirectly, for any potential damage or loss incurred or claimed to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
PEPE: Breakout and Retest!Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: PEPEUSDT has broken out from a descending triangle pattern, suggesting a reversal from the previous bearish trend. The breakout is supported by a retest, and if PEPE maintains the retest level, a bullish rally is likely soon. Key Observations: ~ Entry Range: $0.00001024 to $0.00001102. ~ Lower Support: $0.00000899. ~ Deviation Range: $0.00000899 to $0.00000991. ~ Moving Averages: The 50EMA stands as resistance for PEPE at $0.00001191. If the market continues to drop, PEPE is likely to hit the deviation level, followed by a rebound. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
5
PEPE Gearing Up For New All-Time High Pepe has been one of the best-performing crypto tokens in this cycle so far. After breaking out of an inverse head and shoulders pattern at the beginning of May, Pepe reached a top of 0.0000179. At the time, buyers lost some steam, and the token entered into a consolidation. Here are two reasons why Pepe could have reached the local bottom and aims for a new ATH soon. 1️⃣ Technical Indicators: Pepe has flashed a bullish MACD crossover on the daily chart. This signal is reliable, especially in higher timeframes. Backtests show that in 70% of all occurrences, the price rose by more than 10% right after. 2️⃣ Chart Setup: Pepe is forming a nice U-formation on the daily chart with its bottom at 0.00001. If PEPE follows this pattern and gets fueled by bullish indicators, a re-visit of the previous ATH is likely. Based on the current level, this results in a profit potential of 35% - 40%. -- Check my bio for more free trade strategies.
Long
by ben_walther
PEPE at strong SR, but chances for another dip are still highBINANCE:PEPEUSDT follows market vibes. Recent dips reached nice SR level at 1100-1140, but I can't be sure that it was the last dip. In order to confirm end of correction PEPE got to close 4H above 1300. Before that none of moves have bullish value. If there will be more dips, then zone of interest starts under ~1080 and since there is a wide FVG price can easily dip down to 950-1000. These are short term targets that can be reached within this week. I'm pretty sure PEPE will revisit 1340-1400 zone at some point, but I won't try to guess, if it will happen after the dip, or instead of it.
by WiseAnalyze
PEPE Trade targets Only for current Holders!!!We have highlighted #Pepe a few times since it burst on the seen. It has really been a good trading vehicle, good volume and perps. It's already up 2.5X from the big pattern inverse right shoulder. It's already smashed the neckline So charging in now is not recommended. (if you are lucky and see it retest the neckline by all means) Having said that if you have been trading it, and building up your investment stack this past year in the Frog coin. You will be glad to see this log target above the old high! congrats
CRYPTO:PEPEUSDLong
by BallaJi
3
PEPE: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from Channel Up, price reached resistance at $0.000017, where it got rejected. Now we look for the right entry opportunity in Uptrend. Pull back near $0.000013 support could be a swing trade entry opportunity in Uptrend with +30% upside potential back to $0.000017. Stop Loss at $0.0000110. If price breaks above it's ATH of $0.0000173, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.0000184 (61.80%), $0.0000200 (78.60%), $0.0000215 (100%) and $0.0000266 (161.80%). Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.000012, then $0.0000092. Nearest Resistance Zone is $0.000015, then $0.0000164.
Long
by altFINS
$PEPE WARNING! Trade analysis and (c) infringement liabilityAfter a successful trade idea with CRYPTOCAP:PEPE , I am updating my trading strategy with this new idea. This chart explains two things: 1) A retracement to the resistance level: Since we have reached the top of the rising channel, it would be logical for some people to take profit. 2) The potential copyright infringement liability and the possible consequences for the meme coin CRYPTOCAP:PEPE : This is a real liability for this coin and the reason why I would not hold it for more than a week. When you are investing, you want to avoid losing all your money. Buying CRYPTOCAP:BTC is safe; it will not go to zero. But some cryptocurrencies will, and if you compare with 2021, many billion-dollar projects are now worth nothing. To avoid losing everything, you have to avoid any coin that has a liability that could drive it down to zero, lead to a delisting, or result in a lawsuit. What do we know so far? Pepe the Frog is a cartoon character created by artist Matt Furie. The CRYPTOCAP:PEPE website is clear that CRYPTOCAP:PEPE was launched without the consent of its copyright holder. Matt Furie has already filed a DMCA claim against a $4 million Pepe-themed NFT collection on OpenSea, indicating he is not open to making his character public domain. One year ago, DailyCoin posted an article warning investors that "Pepe’s creator Matt Furie is not a fan of his character’s use in blockchain-based projects. The artist has used his copyright to go after Pepe-themed projects before." So what can we conclude from that? A copyright issue is pending with the CRYPTOCAP:PEPE coin, which is a huge liability. Matt Furie could request the delisting of CRYPTOCAP:PEPE from all exchanges at any time, which would wreck any holder's investment to zero. CRYPTOCAP:PEPE is an obvious copyright infringement case. Although it is impossible to identify the author of the copyright infringement since they are anonymous, trading, listing, and marketing the coin is illegal. It would be easy to prove the copyright infringement, win, and then seek compensation from the exchanges. So why not doing it? It is impossible to solve the issue by giving a percentage of the CRYPTOCAP:PEPE supply to its original author, since it was a fair launch and all the CRYPTOCAP:PEPE coins have been unlocked. While it is certain that with such success and capitalization, the matter will likely be resolved with huge fines, this will also create real FUD and may force exchanges to stop trading until the lawsuit is resolved, which could take a lot of time. Conclusion: CRYPTOCAP:PEPE is a liability similar to $LUNA. It can be delisted or halted with just a notice from its author to all major exchanges. Trade with caution. Maybe it is not worth the risk? There are other meme coins that have similar growth potential but are not illegal.
Short
by CryptoNikkoid
7
PEPE : All Time High STILL COMING! Here's WhyBINANCE:PEPEUSDT 🐸 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. Assuming that corrective wave 3 - 4 (current wave) retraces as low as point 1 (BUT NOT LOWER), this put's our formula roughly as follows: It's important to note that Elliot Wave theory follows strict rules, and it's usually a multi-month playout. This means that there might be many weekly candles before finally turning around to complete the final wave 4 - 5. For a SHORT TERM analysis on PEPE, see here👇: ____________________________
by CryptoCheck-
Peng: The Next Memecoin to 100X? Here's WhyPeng ($PENG) is a rising meme coin on the Solana blockchain that's capturing attention in the crypto world. It features an adorable penguin character inspired by Pepe the Frog, aiming to bring a fresh and creative vibe to Solana's "degen" (degenerate) scene. Based on my observation of market sentiment and speculation on meme coins, Peng experienced a significant surge earlier this year in 2024, along with other memecoins like $ponke, which are partnered with the Gobit hedge fund. Most projects partnered with this fund have shown a track record of performing well. The significant pullback we observed with Peng could be a sign of weak hands being shaken off or early adopters exiting for liquidity. I believe that as more retail and degenerate traders enter the market, the price of Peng will perform well due to its branding, consistent social media presence, highly active community, and its presence on the Solana network, which makes speculation fees much cheaper. It's important to remember that investing in memecoins is highly speculative, and you should only invest money that you are willing to lose.
Long
by ShinForex1
4