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PEPE / TETHER USD on BSC (0XBBA8F85C3CEDDF73DB4DE17D31608D640EAEA416)

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PEPEUSDT_BBA8F8 trade ideas

PEPEUSDT - Macro Outlook BULLISH🐸Hi Traders, Investors and Speculators of Charts 📈📉 At opening, Pepe Coin surged in trading volume, outperforming Dogecoin and Shiba Inu! PEPE seems to have finally bottomed out after the opening crazy. This concludes the completion of the first cycle for a newly released altcoin, the liquidity drain cycle. From the chart we clearly see a short period of accumulation where the price trades sideways after bottoming out. This is where coins are accumulated to prepare for the next cycle or market phase, which is the upwards cycle. It's hard to say distinctively how high the price can go, but back up towards the opening price is always a reasonable target. Pepe's trading volume reached an astounding $281.3 million during the opening periods. The meme-inspired altcoin boasts a market capitalization of $631 million, exhibiting significant growth over the past week. In comparison to the more popular meme cryptocurrencies, Pepe has surpassed expectations in terms of trading volume. Notably, Dogecoin, with a 24-hour trading volume of $189.2 million and a market cap of $9.3 billion, trailed behind Pepe despite its larger user base and popularity. Similarly, Shiba Inu, another meme cryptocurrency, recorded a 24-hour trading volume of $100 million and a market cap of $4.6 billion, falling short in comparison to Pepe's performance. This surge in Pepe Coin arrives amidst a week of overall gains in the cryptocurrency market. Bitcoin (BTC) and Ethereum (ETH) both increased over the past week. Bitcoin's 24-hour trading volume stands at $10.6 billion, while Ethereum's is at $7.2 billion. The rise of Pepe Coin highlights the enduring popularity and unpredictable nature of meme cryptocurrencies, which often experience rapid and substantial price movements. Pepe Coin itself has surged by an impressive 64% within the past week alone. The trading volume has been hovering around the $200 million mark, demonstrating significant interest. Moreover, Pepe Coin has achieved a remarkable 65% increase over the last 14 days. While it is still 64% below its all-time high of $0.00000431 from early May, the recent gains suggest that Pepe Coin has solidified its position as a meme token and is poised for further rallies in the future. On-chain data reveals that whales (large-scale investors) are continuing to accumulate Pepe Coin, further supporting the possibility of an upcoming surge. Analyzing Pepe Coin's chart, despite the slight dip in the past 24 hours, several positive indicators emerge. The relative strength index (RSI) has recently trended upwards after briefly falling below 50, suggesting a potential regain of momentum. Additionally, the 30-day moving average remains significantly above the 200-day average, indicating ongoing buying pressure and a favorable position for Pepe Coin. It is worth noting that the coin's support level has increased over the past week, minimizing the potential for further decline and setting the stage for a renewed upward trajectory. While Pepe Coin's rise may not be rooted in fundamental reasons or utility, its enduring community and market interest bode well for future gains. Whale accumulation, as demonstrated by available data, contributes to the optimistic outlook. It should be noted, however, that whale predictions are not infallible. Nonetheless, with sustained whale buying, Pepe Coin stands a strong chance of experiencing further growth in the near future. From its current level of $0.00000153, it could potentially rise to $0.0000020 in the coming weeks, with even more substantial gains expected in the months ahead, potentially toward the end of the year. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck OKX:PEPEUSDT BINANCE:PEPEUSDT BITGET:PEPEUSDT KUCOIN:PEPEUSDT KUCOIN:PEPEUSDT MEXC:PEPEUSDT MEXC:PEPEUSDT.P COINEX:PEPEUSDT OKX:PEPEUSDT.P CRYPTO:PEPEUSD
Long
by CryptoCheck-
32
🐸 PEPE: From Memes to Charts - Riding the Double Bottom Wave! While PepeCoin (PEPE) originated as a meme coin, my preference generally leans towards fundamental assets. However, the technical landscape of PEPE presents an intriguing picture. Recently forming a double bottom pattern on the daily timeframe, PEPE is now surfing the waves of an ascending channel. Let's dive into the technical details of PEPE's chart. Chart Analysis: PEPE's Charting Charm PEPE, despite its meme origins, stands out on the charts with a clear double bottom formation. This pattern, occurring on the daily timeframe, often signals a potential trend reversal. The current price action unfolds within an ascending channel, a structure that typically suggests a bullish trajectory. Anticipated Move: Ascending Channels and Potential Gains As PEPE rides the waves of its ascending channel, traders keen on technical analysis find the setup quite appealing. The ascending channel, characterized by higher highs and higher lows, suggests a bullish momentum. Traders and investors eye potential gains as PEPE charts its course within this upward trajectory. Trading Strategy: Navigating the Ascending Channel For those considering PEPE, understanding the dynamics of the ascending channel becomes crucial. Identifying entry and exit points within the context of this pattern can enhance trading strategies. Keep an eye on how PEPE interacts with the upper and lower boundaries of the channel for potential trade opportunities. Conclusion: PEPE's Journey Beyond Memes PEPE, originating from meme culture, is carving its path not only in internet humor but also on the charts. The double bottom formation and the current ride within an ascending channel add layers of technical interest. As PEPE enthusiasts and traders navigate this journey, the potential for upward movement invites attention. 🐸 PEPE Analysis | 📈 Riding the Double Bottom | 🚀 Ascending Channel Vibes ❗See related ideas below❗ What are your thoughts on PEPE's charting adventure? Share your insights, strategies, and bullish expectations in the comments! Whether it's memes or charts, PEPE's journey continues with each trading wave.💚 📈🚀💚
Long
by Yaroslav_Krasko
PEPEUSDT - Bullish Opportunity 🚀PEPEUSDT - Bullish Opportunity 🚀 Overview: PEPEUSDT is presenting a compelling bullish setup, with a distinctive rounded bottom formation. This pattern suggests a potential trend reversal and the beginning of a significant upward move. Technical Analysis: Rounded Bottom: The current chart pattern resembles a rounded bottom, indicating a shift from bearish to bullish sentiment. Strong Support: The recent price action has found robust support, enhancing the bullish case. Volume Confirmation: Observe increasing volume during the formation of the rounded bottom, signaling growing market interest. Price Target: Considering the characteristics of the rounded bottom, we anticipate a substantial upward move. Our initial price target is set at 0.00000280, reflecting a potential gain of approximately 250%. Risk Management: Stop-Loss: Place a strategic stop-loss just below the recent support level to manage risk effectively. Risk-Reward Ratio: Maintain a favorable risk-reward ratio, aligning with your trading strategy. Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Always conduct your research and use risk management strategies when trading. Conclusion: PEPEUSDT is displaying promising signs of a bullish reversal. Keep a close eye on price action, volume, and adhere to your risk management plan. Happy trading!
Long
by ND_Capital
PEPE USDTHello friends In the PEPE USDT cryptocurrency, we see a clear 5-wave completed pattern. Currently, this currency is undergoing correction. According to Elliott's rules, correction can correct up to 99% of its wave, of course, if we consider the last 5 waves as a wave of a higher cycle. But there are two important static supports for the currency. Therefore, we expect the price of this currency to increase from one or two upcoming supports. The first goal of this currency is the high resistance range that Fibonacci ratios match. Be successful and profitable.
Long
by M_Gheysvandi
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