Cena PEPEGOLDPEPE

$PEPE - Mcap 3B$ - 87%/ 1M votes Bullish SC02 M5 - pending Long order. Entry is within LVN and not affected by any weak zone, projected stop-loss around 0.79%. The uptrend is in the 138th cycle, increase amplitude 4.60%. #TradingSetup #CryptoInsights

Pepe price retested the 50% retracement level at $0.0000065 on Wednesday and recovered nearly 4% the next day. At the time of writing on Friday, PEPE continues its recovery, trading above $0.0000070. If PEPE continues its upward momentum, it could extend the rally to retest the daily resistance at $0.0000079. A successful close above this level could extend the gains toward the 50-day EMA at $0.0000087. Pepe’s RSI and MACD indicators show signs of fading bearish momentum and hint at potential recovery ahead. On the other hand, if $PEPE faces a correction, it could extend the decline toward the 50% retracement level at $0.0000065.

$PEPE Support around $0.00000643 (for example) is cited in some recent commentary as a key floor. Immediate resistance is around $0.0000075, and if cleared, the next target might be ~$0.0000091

$PEPE is trading at $0.0000067. Trading volume is down over 14%. After a series of declines, the crypto market is attempting to bounce back, but is facing rejection with mixed signals lingering in the market. Meanwhile, the meme coin’s market cap is currently holding at around $60.9 billion, after a 1.6% loss. Among them, PEPE, the frog-themed meme token, has registered a modest drop of over 2.34%. In the early hours, the meme coin was trading at $0.000006969, and with the bearish turnover, the price has been sent to a bottom range of $0.000006523. Upon the asset’s bearish pressure gaining more traction, it would push the price down to its former support zones. At the time of writing, $PEPE traded within the $0.000006765 zone, as per CoinMarketCap. With the market cap staying at $2.84 billion, the meme coin’s daily trading volume has plunged by over 14.24%, reaching the $472.42 million mark. The Ali chart shows $PEPE forming a classic Head and Shoulders pattern, a bearish reversal signal. The price recently broke below the neckline, and if the breakdown continues, it could drop to the $0.00000185 range, following the projected downside from the pattern. 🔸Will PEPE Continue Its Downward Slide? While zooming in on PEPE’s technical chart, it reveals a negative sentiment. The Moving Average Convergence Divergence (MACD) line is settled below the signal line, indicating bearish momentum. As both lines are below the zero line, it confirms that the overall trend is weak. $PEPE chart Besides, the meme coin’s Chaikin Money Flow (CMF) indicator, found at 0.05, suggests a slight positive buying pressure in the market. There is a mild accumulation happening, with the money flowing into the asset, but not strong enough to form a solid uptrend. PEPE’s downside correction might trigger the price to test the support at the $0.000006755 range. With the emergence of the death cross could happen, a subsequent crucial support can be below $0.000006745. If the bullish wave takes over the control of PEPE, the price may climb toward the $0.000006775 level. The golden cross formation with more bullish pressure could lead the meme coin price above $0.000006785. $PEPE chart Moreover, the market sentiment of PEPE is a neutral-to-weak zone, leaning slightly toward the bearish side, as the daily Relative Strength Index (RSI) rests at 42.69. The meme coin’s Bull Bear Power (BBP) value of -0.00000020 implies bearish momentum. Notably, the sellers have a slight edge, but the difference between buying and selling pressure is minimal; the market is holding the bearish bias.