Breaking Crypto News – What Are the Crucial Support Levels for the PEPE Coin Price?
Breaking Crypto News – The third-largest meme coin in the world, PEPE Coin, has experienced a 4% increase, defying the general market slump. PEPE has a market valuation of $4.7 billion and is now trading at $0.00001131 as of the time of publication. Currently, $612 million is the trading volume for the PEPE coin. The meme coin is presently trading at a critical crossroads and in a make-or-break scenario, according to the technical chart.
The PEPE coin is retesting important support levels at $0.000011, according to the technical chart. One of the strongest coins available right now is the meme coin PEPE, which outperforms other cryptocurrencies like Bitcoin and Ethereum in terms of relative strength.
Pepe’s Rise Looks Set to Continue for a While
After successfully retesting the 1-day 100 EMA, PEPE is currently converting its prior all-time high into a support level. According to recognized analyst Crypto Scient, traders are keeping a close eye out for a possible breakout from the one-day downtrend, which would indicate a great time to go long on PEPE.
Another cryptocurrency analyst, Crypto Patel, points out a critical juncture for PEPE, pointing out that the meme coin needs to maintain the critical support level of $0.000011 in order to continue rising. Patel warned that PEPE would experience a substantial decline of up to 40% if it were to lose its support level.
FAQ
What Does the Technical Analysis Say About Pepe?
According to technical analysis, PEPE’s price is at $0.000011, which is a crucial support level. There could be a large decline of up to 40% if this support is not maintained.
What is a Make or Break Situation?
When anything has the power to entirely succeed or fail, it is used to characterize a crucial decision, event, or time frame.
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