PEPEUSDT
Pepe (PEPE) reaches peak overvaluation: analysisOn-chain data shows meme coin Pepe (PEPE) is at its most overvalued since the start of the year. This follows a whale withdrawing 4 trillion tokens worth $28.40 million from Bybit.
PEPE’s Network Value to Transaction (NVT) ratio has soared to its highest level since the beginning of the year. This metric, which compares PEPE’s market capitalization to the value of its tokens transacted daily, currently sits at 202, having risen by 494% over the past 24 hours.
Additionally, the negative divergence between PEPE’s price and trading volume in the past 24 hours reinforces this outlook. PEPE is trading at $0.0000071, down 4%, while its trading volume surged by 70%.
The declining Chaikin Money Flow (CMF) for PEPE further confirms reduced buying pressure. At present, the CMF, which tracks the flow of capital into and out of the market, is below zero and trending downward, signaling market weakness and increased liquidity exit.
If PEPE holders continue to remove capital from its market, the token’s value will drop to $0.0000059.
However, if market sentiment improves and demand rises, the meme coin could erase a zero and trade at $0.000010.
What PEPE traders need to know before making the next movePepe (PEPE) was testing a key resistance level of $0.0000077 at press time. This comes after the meme coin rejected a key bullish pennant at $0.0000063 and acquired a massive surge of 20% to the recent trading price.
The $0.0000077 level emerged as a barrier to the bullish momentum breaking out to test the higher resistance at $0.0000091.
This consolidation phase precedes a period of upward movements, raising market curiosity on whether the bull rally will continue or not.
The stochastic RSI indicator for PEPE hinted at a bullish divergence. This suggests the ongoing consolidation might lead to an upward movement. However, a bearish run cannot be written off since the stochastic RSI was approaching an overbought zone.
The bullish pennant pattern on the chart strengthens the chance of a breakout. However, the $0.0000077 resistance level still poses a major challenge for the bulls to beat.
Taking a closer look at market trends, the Coinglass liquidation heatmap revealed some interesting trends on whale activity.
The data showed that PEPE whales are returning. Key market participants are positioning themselves around current prices, which might spark excitement if PEPE makes a significant move.
Looking ahead, market participants are keeping an eye on that $0.0000077 resistance level. Pushing past it could send PEPE rocketing up to its recent high of $0.0000091.
If it fails to break through, we might see it drop back down to support around $0.0000069.
PEPE whales could push coin for a positive retestPEPE whales are saving the meme coin’s price, which has been struggling to recover its losses following a significant crash at the end of July. Despite several attempts to regain momentum, PEPE remains close to testing a critical support floor.
As of now, these large wallet holders seem to be the key force preventing further decline. Without their intervention, the altcoin could potentially lose its support level, leading to a deeper price drop.
In recent weeks, the overall market sentiment surrounding the PEPE price has turnedincreasingly bearish. Long-term holders, who traditionally play a vital role in supporting cryptocurrency prices, have shown signs of decreasing confidence.
However, despite the bearish outlook from long-term holders, whale activity has played a crucial role in keeping the PEPE price afloat. Earlier this week, top addresses—excluding exchange wallets—collectively added more than 6 trillion PEPE, valued at a little over $42 million.
This has reflected on the chart. PEPE price is presently trading just above its critical support floor of $0.00000702. This line has acted as strong support multiple times over the past few months.
Thus, there is a reasonable expectation that PEPE will hold above this level for now. Should the price break below this line, it could spell trouble for the altcoin’s short-term prospects.
Currently priced at $0.00000710, PEPE is likely to continue its sideways movement in the near term. If the current level of buying persists, the coin could make a move toward its next resistance at $0.00000912.
However, if selling pressure intensifies, this outlook could quickly shift. In that scenario, PEPE could see a decline to its support level at $0.00000633, invalidating any potential bullish-neutral thesis.
Pepe (PEPE): price surge ahead?With a bearish face for the meme coins, the PEPE price action reveals a falling channel pattern in the daily chart. Currently, the meme coin finds support at $0.000007042 with the high possibility of an inverted affair head and shoulder pattern.
Another bearish signal is the declining 50-day EMA readied for a death cross with the 200-day EMA. However, the bullish divergence at the support level is massive and projects a potential turnaround.
Furthermore, with the crypto market’s upcoming recovery phase, the meme coins’ bull cycle is known to give massive returns. Amid such a known performance of PEPE with a YTD year growth of $0.000007042, the meme coin has a massive upside.
With this intense but healthy correction, the PEPE ranks in our best crypto-to-buy right now list.
The next bottom support stands at $0.0000048 for the price targets, with the overhead targets at $0.0000010 and $0.0000012. In case of a bullish reversal rally with the broader market recovery, the meme coin could make a new 52-week high at $0.0000018.
PEPE/USDT: 300-400% RALLY IN Q4!!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
Welcome to this PEPE/USDT analysis. PEPE is forming a symmetrical triangle structure in the daily time frame and is heading toward the triangle's lower trendline. We have a strong support here (Green box). Once it breaks out from the triangle, we can expect a 200-300% pump easily. Accumulate it in the green box and hold it patiently.
Entry zone:- $0.0000060-$0.0000070
Target:- 300-400%
SL:- Daily close below $0.0000050
What are your thoughts on PEPE's current price action? Share your analysis in the comments below!
PEPECOIN to likely sell furtherPEPECOIN to likely sell further
PEPECOIN broke through 800 zone and closed with the formation of a bearish pinbar.
We have the ascending support trendline that may likely act as support. However, we should watch out for 867 zone before the possible hit of the trendline.
Risk management is king
PEPE ANALYSIS🚀#PEPE Analysis :
🔮#PEPE is trading in a symmetrical triangle pattern on the daily timeframe💁♂️
We could expext a breakout of the symmetrical triangle pattern and could expect a potential bullish move📈
Expect a bullish wave of around 50% in the coming weeks
🔰Current Price: $0.00000780
🎯 Target Price: $0.00001200
⚡️What to do ?
👀Keep an eye on #PEPE price action. We can trade according to the chart and make some profits⚡️⚡️
#PEPE #Cryptocurrency #TechnicalAnalysis #DYOR
Pepe (PEPE) braces for 28% dropPepe (PEPE) has been trading within a falling wedge pattern since May 27. Currently priced at $0.0000077, its value has dropped by 52% during this period.
PEPE’s price could decline further, as it appears poised to break below the lower line of its falling wedge, which would signal a continuation of the downtrend.
A falling wedge pattern occurs when an asset’s price moves between two downward-sloping trend lines. The upper trend line serves as resistance, while the lower trend line acts as support.
Typically, despite the downtrend within the wedge, this pattern is considered bullish because the price often breaks out above the upper trend line upon completion, leading to an upward movement.
However, PEPE may be an exception. Since August 25, the meme coin’s price has been on a downtrend, dropping by 15% and pushing it closer to the lower line of the falling wedge.
\When an asset’s price breaks below the lower trendline of a falling wedge, it invalidates the bullish projection typically associated with this pattern and suggests that the downtrend may continue.
PEPE’s technical setup supports this possibility. The altcoin has fallen below key moving averages, trading beneath both its 20-day exponential moving average (EMA) and its 50-day simple moving average (SMA).
If PEPE bulls fail to defend the lower line of the falling wedge, the meme coin’s price could decline to its August 5 low of $0.0000059, representing a 28% drop from its current value.
However, if the current trend reverses and PEPE resumes its uptrend, its price could rise to $0.0000086.
What is this cunning frog PEPE up to?The development of our previous idea for OKX:PEPEUSDT is simply fascinating:
first a -50% drop, and then a x4 price increase 👇
Let's try to predict something now:
1️⃣ over the previous cycle, #PEPE price gained +2800% compared to other altcoins - this is a lot
2️⃣ for more than three months, the price has been squeezed in consolidation - someone is unloading their positions, but of course someone is buying #PEPE
3️⃣ on the info field, the excitement about memecoins on CRYPTOCAP:SOL has greatly decreased
4️⃣ a lot of retail buyers have bought #PEPE on the highs in anticipation of the next x10, but will they...
5️⃣ memecoins on CRYPTOCAP:TRX are starting to break into the info space (but we are not agitating to buy them, at least not now)
Conclusions:
ℹ️ when and if OKX:PEPEUSDT reaches $0.00001 (+30% of the current price), think about whether to keep the position in full or maybe it's time to fix it.
ℹ️ below $0.000006 CRYPTOCAP:PEPE may be waiting for a total collapse
PEPEUSD / UNDER UPWARD PRESSURE - 4H PEPEUSD - 4H TIME FRAME
HELLO TRADER S
Tendency , prices is under upward pressure , until trading above turning level at 0.000007
Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 0.000007 , it is likely to move upward toward the resistance levels at 0.000008 and then 0.000009 .
Downward Condition : To reach the 0.000006 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.000007 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.000005 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.000008 .
RESISTANCE LEVEL (2) : 0.000009 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.000006 .
SUPPORT LEVEL (2) : 0.000005 .
TURNING LEVEL : 0.000007 .
PEPEUSDT🚨 Trading Signal Alert 🚨
Hello, traders!
I’ve just updated my chart with precise indicators to guide your trades. Here’s what you need to know:
🔴 Red Lines - Selling Phase: These lines signal the start of a downward trend. Consider taking profits or shorting on these dates:
• August 22, 2024, 02:00
• August 24, 2024, 11:00
• August 28, 2024, 12:00
🟢 Green Lines - Buying Phase: These lines indicate the beginning of an upward trend. Ideal for opening long positions on these dates:
• August 23, 2024, 06:00
• August 25, 2024, 07:00
• August 26, 2024, 05:00
• September 29, 2024, 11:00
These signals are based on a blend of trend analysis, momentum indicators, and predictive modeling. They’re designed to help you identify the best times to enter and exit the market, aiming to maximize your gains.
As always, combine these signals with your own analysis and risk management strategies for the best outcomes.
Happy trading and stay ahead of the market! 📈
PEPEUSDT ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL )(4H)PEPEUSDT
Hello Traders,
Currently, the price is in a sensitive area between two turning levels and is attempting to reach turning level (2).
Tendency: The price is situated between turning levels 0.000008 and 0.000007.
Upward Zone: For an increase, the price needs to correct at turning level (2) and stabilize above it. This should lead to a move towards turning level (1) at 0.000008. To confirm an uptrend, the price must break turning level (1) and reach resistance level (1) at 0.000010. Closing a 4-hour candle above 0.000010 , would indicate a move towards resistance level (2) at 0.000011 .
Downward Zone: If the price breaks below turning level (2) at 0.000007, it should then aim for support level (1) at 0.000006. If the price stabilizes below 0.000006 , it may further decline to support level (2) at 0.000005.
Target Levels:
Resistance Levels: 0.000010, 0.000011 .
Support Levels: 0.000006 , 0.000005 .
Do not miss the opportunity to buy PEPEAn internal pullback is underway from SW H to SW L.
The green area is strong support, we expect price rejection from this area upwards.
There is also a large liquidity pool under the candles that is expected to be swept soon.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PEPE : FULL BEAR Mode (⊙_⊙;)PEPE is in the middle of a solid bearish market (According to Wycoff Method Chart Analysis).
With the RSI in the daily under 50, the price continues to be bearish. It is likely that PEPE will retest the next major demand zone, where a potential bounce could be found as buying pressure can be expected on this demand zone.
From a technical indicator perspective, we see a clear flash to "SELL" in the weekly timeframe as the price loses the trendline and the trendline now turns RED.
The price can only be considered bullish once the price starts closing candles ABOVE the trendline, at which point the trendline will turn green again.
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BINANCE:PEPEUSDT
1000PEPE/USDT🔍 1000PEPE/USDT Analysis: Strategic Dates for Optimal Trading 🐸
The 1000PEPE/USDT chart highlights key dates that traders should monitor closely:
Best Purchase Opportunity: September 4, 2024 - Green Line: This date marks a potential local low, offering the best conditions for accumulating 1000PEPE. Consider this a prime time to build or add to your position.
Price Peaks: October 16, 2024, and January 14, 2025 - Red Lines: These dates are anticipated to be local peaks. Traders should consider taking profits or reducing exposure around these times as the market could reach resistance levels.
By timing your trades around these critical dates, you can optimize your strategy and enhance your trading performance in the 1000PEPE market.
#1000PEPE #CryptoTrading #MarketAnalysis #Cryptocurrency #Altcoins #1000PEPEUSDT #PEPE
RTED Investing / PEPEUSDT potential push to 0.000011PEPEUSDT recently experienced a false breakout below the support level. Looking at previous price action, a similar pattern emerged where the price moved sideways before eventually breaking through, forming a candle with a long wick that indicated a rejection at that level. After this period of consolidation, the market surged. We're currently seeing a comparable setup: a candle with a long wick that briefly dipped below the support level but quickly recovered. Switching to the monthly timeframe, it's clear that the price swept liquidity below the May low. Given this analysis, it's expected that the price will consolidate for a while before gradually moving upward. The target is the resistance zone around 0.00001100.
PEPE - MEMEs are on the rise again#PEPE/USDT #Analysis
Description
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+ MEME has hit the support zone and recently formed a higher high.
+ A successful reversal is evident from the support zone.
+ The RSI is also indicating a reversal as it bounces from the <30 zone.
+ The next resistance may pose a challenge, but strong bullish momentum could potentially break through it.
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VectorAlgo Trade Details
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Entry Price: 0.00000812
Stop Loss: 0.00000547
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Target 1: 0.00001047
Target 2: 0.00001284
Target 3: 0.00001737
Target 4: 0.00002566
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo