Despite Market Chaos, PEPE Price Stays Bullish! What Comes Next?

[CryptoSaint]

Pepe (PEPE) is showing signs of a potential 60% rally as it tests a sliding resistance level, fueled by significant whale purchases.

Successful breakouts may lead to a substantial 56% upward advance as whales accumulate during dips. However, caution is advised, with the bullish outlook dependent on maintaining support at $0.00000581.

Recent price movements suggest Pepe's consolidation phase may be ending, potentially signaling a trend reversal. Confirmation of a breakout is crucial before anticipating further gains.

Pepe price has oscillated between $0.00000581 and $0.0000109 for seven weeks, with a potential retest of the flipped range low indicating a possible uptrend continuation.

A decisive break above the declining resistance level could drive Pepe towards $0.00000835, with a surge in buying activity potentially pushing the price to $0.0000109, representing a significant gain.

Long-term investor sentiment is improving, with the 30-day MVRV indicating a shift in favor of acquiring discounted altcoins from short-term sellers.

While the outlook for Pepe remains bullish, a breach of support at $0.00000581 could challenge the bullish narrative, potentially resulting in a 15% decline and retesting of lower support levels.

 

 

[Imam]

Exactly!! I took 2x in this mess!

[gandalf03]

On 02/05/2024 at 14:15, CryptoSaint said:

Pepe (PEPE) is showing signs of a potential 60% rally as it tests a sliding resistance level, fueled by significant whale purchases.

Successful breakouts may lead to a substantial 56% upward advance as whales accumulate during dips. However, caution is advised, with the bullish outlook dependent on maintaining support at $0.00000581.

Recent price movements suggest Pepe's consolidation phase may be ending, potentially signaling a trend reversal. Confirmation of a breakout is crucial before anticipating further gains.

Pepe price has oscillated between $0.00000581 and $0.0000109 for seven weeks, with a potential retest of the flipped range low indicating a possible uptrend continuation.

A decisive break above the declining resistance level could drive Pepe towards $0.00000835, with a surge in buying activity potentially pushing the price to $0.0000109, representing a significant gain.

Long-term investor sentiment is improving, with the 30-day MVRV indicating a shift in favor of acquiring discounted altcoins from short-term sellers.

While the outlook for Pepe remains bullish, a breach of support at $0.00000581 could challenge the bullish narrative, potentially resulting in a 15% decline and retesting of lower support levels.

 

 

Yeah! I saw that as well as SHIB which has made me invested more in PEPE with bucks I can afford to loose at the trade Smarter platform to HODL to the moon.

[CryptoAlphas]

On 02/05/2024 at 14:15, CryptoSaint said:

Pepe (PEPE) is showing signs of a potential 60% rally as it tests a sliding resistance level, fueled by significant whale purchases.

Successful breakouts may lead to a substantial 56% upward advance as whales accumulate during dips. However, caution is advised, with the bullish outlook dependent on maintaining support at $0.00000581.

Recent price movements suggest Pepe's consolidation phase may be ending, potentially signaling a trend reversal. Confirmation of a breakout is crucial before anticipating further gains.

Pepe price has oscillated between $0.00000581 and $0.0000109 for seven weeks, with a potential retest of the flipped range low indicating a possible uptrend continuation.

A decisive break above the declining resistance level could drive Pepe towards $0.00000835, with a surge in buying activity potentially pushing the price to $0.0000109, representing a significant gain.

Long-term investor sentiment is improving, with the 30-day MVRV indicating a shift in favor of acquiring discounted altcoins from short-term sellers.

While the outlook for Pepe remains bullish, a breach of support at $0.00000581 could challenge the bullish narrative, potentially resulting in a 15% decline and retesting of lower support levels.

 

 

Good analysis, the market sentiment is strong and Fear and Greed seems very low which could signal meme season anytime. 

[antoniettek]

The week has been profitable with a good number of cryptos pumping. $PEPE, CEL, and ROOST are among the top gainers on Bitget. A good number of investors have been buying the low-cap gems in preparation for the bull run resulting in the price pumping. Considering the CEX has a top security level, I think it is safe to buy and trade the Cryptos there.