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PEPEUSDT Perpetual Swap Contract

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PEPEUSDT.P trade ideas

Pepe Coin Soars As Devs Deposit Over 400 Billion PEPE To BinanceThe developer’s team behind Pepe coin recently added 418.4 billion PEPE tokens worth $0.50 million, as per on-chain analytics firm Spotonchain. As confirmed by the official X account of Pepe, the tokens were sent to Binance-earn to reward users. “We will distribute the reward for participating in the upcoming campaigns,” stated the Pepe community. Notably, the transfer came when the Pepe coin was struggling to break the consolidation phase. Recent Developments in the Pepe Coin Ecosystem Previously, on 24 Oct 2023, the Pepe coin dev team executed a significant burn of PEPE tokens. The team transferred a staggering 6.90 trillion PEPE tokens, equivalent to $7.01 million, to the burn address. According to reports, the team still retains 3.80 trillion PEPE tokens, valued at approximately $4 million. This made PEPE rally over 30% on the same day breaking the resistance and reaching a new monthly high of $0.00000134. Additionally, the monthly update showed that the team sold over 169.8 billion PEPE for $0.20 million on October 27 at $0.000001₅. However, the rally fuelled by burn and enthusiasm cooled down afterward. Pepe Community Celebrates #FREEPEPE Day The enthusiasm not only circles around burns and massive deposits but also a great celebration day. The Pepe community along with famous firms like Ledger celebrates the “free Pepe Day” on Monday. The movement aims to address the three-year-long absence of Pepe, the beloved meme, from the popular GIF-sharing platform GIPHY. Three years ago, GIPHY made the controversial decision to censor and remove Pepe from its extensive GIF directory, leaving a noticeable void for users seeking easily searchable Pepe gifs. “Pepe is Love. Pepe is Art. This censorship is unjustified,” emphasized the community in their statement. The members believe that Pepe, being a globally recognized and cherished meme, should not be subjected to limitations on platforms that celebrate free expression. To support to moment further, hardware wallet manufacturing firm Ledger confirmed that they will soon be launching a limited edition Pepe ledger nano collaborating with one of the Pepe artists. All the positive things in one day made the price jump over 6%. The Pepe coin price correlation with Bitcoin stands at 0.75, which is considered as good. However, the on-chain signals as well as technical signals are both bearish.
Long
by DEXWireNews
PEPE ANALYSISThis currency has many fans and is very popular in social networks. It has had a good rise and rally, but the question is, will this rally be maintained? I checked the PEPE chart. There are time similarities between correctional branches and according to the price-time laws, it seems that we are inside the diametrical pattern. What the chart shows us with this data is that this climb was for the D branch and it may end up with resistance around this or in the red box and enter the E branch. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
PEPE/USDT Break Bullish Pattern. Continue Upward Movement ??💎 PEPE has undeniably caught the market's eye with its recent bullish activity. The cryptocurrency has broken out from a bullish flag pattern, signaling a continuation of its upward trajectory. PEPE is currently undergoing a retest at the resistance trendline, which, if successful, the probability could pave the way for a rally toward the major supply zone. 💎 However, should this breakout prove to be false, PEPE may retreat to the demand zone to gather strength for another upward push. 💎 In a less favorable outcome, if PEPE returns to the demand zone and fails to hold above it, breaking through this critical support, it could indicate a deeper retracement and a potential shift in market sentiment from bullish to bearish.
by MyCryptoParadise_Nathan
5
PEPE daily data focus... here's what's telling us...PEPE daily data is showing bears are weakening -- and buyers taking positions. The price histogram has poke the downtrend line with strength after 5 days of straight descend. This is conveying a price shift, and we may see another significant growth from here. The coin went from hitting 0.0000010 to peaking at 0.0000019000 levels in a matter few hours. Now we're consolidating at midline. It shows how much ascend it can accomplish with an upside momentum. Spotted at 0.000001550 Again, this is a volatile coin -- so be guided. TAYOR safeguard capital, always.
Long
by JSAL
5
Pepe Looking To Breakout to the UpsideOver the past few days, the Pepe price has formed a negative price channel characterized by a series of lower lows and lower highs. However, on November 3, it rebounded from the $0.0000010290 level, initiating a multi-day positive sequence that allowed it to breach the $0.0000011570 resistance earlier today. Despite this breakthrough, sellers have pushed the Pepe price back below this critical level. If the Pepe price manages to close today's daily candle above $0.0000011570, it could establish a strong foundation for potential upward momentum in the coming days. In such a bullish scenario, Pepe would escape the negative price channel, and traders may consider the breach of the $0.0000011570 mark as a potential entry point for long trades. This could lead to the Pepe price aiming to flip the $0.0000012840 resistance into support before potentially reaching as high as $0.0000014815 within the next week. If the Pepe price fails to close today's daily candle above $0.0000011570, it could maintain its bearish trend and continue trading within the descending channel, possibly breaking below the $0.0000010290 support level. A breach of this significant support level could expose the meme coin to the risk of declining to $0.0000008495 in the short term. Analyzing technical indicators on Pepe's daily chart, we find that the Pepe price is at a crucial juncture. On one hand, the daily Moving Average Convergence Divergence (MACD) line has crossed below the MACD Signal line, suggesting the possibility of continued negative momentum in the next 24-48 hours. However, on the other hand, the daily Relative Strength Index (RSI) indicator is on the brink of triggering a notable bullish signal. Bullish strength is evident as the RSI line approaches the RSI Simple Moving Average (SMA) line. If these two technical indicators cross within the next 24 hours, it could pave the way for the Pepe price to rise in the subsequent couple of days.
Long
by StevenWalgenbach