Falling Channel Pattern: PEPE's price has experienced a sharp 34% drop over the last 24 days, forming a bearish channel on the 4-hour chart.
Testing Bullish Dominance: The downtrend has reached the crucial 78.60% Fibonacci level at the psychological mark of $0.0000010.
RSI Bullish Divergence: On the 4-hour chart, a growing RSI line despite the price fall suggests a potential bullish reversal.
MACD's Bearish Indication: The MACD indicator projects a further downtrend, not displaying bullish reversal signs.
Recent Price Movement: PEPE coin's price fell by 4.75% in the last 24 hours, facing strong resistance to staying above $0.0000011.
Optimistic Scenario:
Channel Breakout Rally: If successful, the price could exceed the 61.80% Fibonacci level and reach $0.0000013437, offering a 20% jump for investors.
Pessimistic Scenario:
Further Decline: A further fall in the meme coin's value might break the 78.60% Fibonacci level, leading to a 20% drop to $0.0000008432.
Testing Bullish Dominance: The downtrend has reached the crucial 78.60% Fibonacci level at the psychological mark of $0.0000010.
RSI Bullish Divergence: On the 4-hour chart, a growing RSI line despite the price fall suggests a potential bullish reversal.
MACD's Bearish Indication: The MACD indicator projects a further downtrend, not displaying bullish reversal signs.
Recent Price Movement: PEPE coin's price fell by 4.75% in the last 24 hours, facing strong resistance to staying above $0.0000011.
Optimistic Scenario:
Channel Breakout Rally: If successful, the price could exceed the 61.80% Fibonacci level and reach $0.0000013437, offering a 20% jump for investors.
Pessimistic Scenario:
Further Decline: A further fall in the meme coin's value might break the 78.60% Fibonacci level, leading to a 20% drop to $0.0000008432.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.