New AI crypto signals platform can help find the next coin to pump, amid Pepe coin’s 13% price increase from recent lows. Wondering if it’s too late to buy Pepe coin?
During a week of instability for major cryptocurrencies due to the SEC’s lawsuit against Binance, memecoin markets are experiencing a positive week, with key memecoins being invigorated by a new influx of capital.
As wise investors exchange their BNB, SOL, ADA, and MATIC for coins facing fewer legal obstacles, the enforcement move by Gary Gensler appears to be rebooting a meme season that many believed had ended.
Despite the influx of capital into the memecoin market, Pepe coin ($PEPE) has failed to ride the wave of capital rotation.
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Pepe coin ($PEPE) Price Analysis: Side-lined by Memecoin Boost?
Currently, $PEPE is trading at $0.00000108 (a 10.37% decrease in the last 24 hours) as strong resistance at $0.0000014 continues to limit price action.
The spread of FUD (fear, uncertainty, and doubt) in the crypto market due to the SEC vs. Binance case appears to have negatively affected $PEPE’s short-term price action.
Moreover, although in a solid consolidation pattern, there is little underlying support for $PEPE with the MA20 still remaining above current price levels.
Oscillators provide some optimism for $PEPE holders, with Pepe coin’s RSI in an oversold position at 41.99 (a bullish signal).
The MACD does not offer a significant contrast to this sentiment, remaining almost neutral with minor bearish divergence to -0.0000000661.
Pepe coin ($PEPE) Price Prediction: How High Can $PEPE Go?
Despite the influx of capital into the meme coin market, $PEPE’s price action on the short-term still appears to be undergoing further consolidation.
On the upside, $PEPE holders aim to push the price back towards the MA20, with $0.00000140 forming a significant resistance level to break.
Looking towards downside risk, a further slide from here will likely result in the lower support level of $0.00000085.
This leaves $PEPE with a risk-reward structure of 1.4 – an attractive entry characterized by reasonable upside reward if traction grows.
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