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Pepe / Wrapped Ether on ARBITRUM (0x224Cbc20A8ac043bAc4734200e6c247AB1aB6055) in USDPepe / Wrapped Ether on ARBITRUM (0x224Cbc20A8ac043bAc4734200e6c247AB1aB6055) in USDPepe / Wrapped Ether on ARBITRUM (0x224Cbc20A8ac043bAc4734200e6c247AB1aB6055) in USD

Pepe / Wrapped Ether on ARBITRUM (0x224Cbc20A8ac043bAc4734200e6c247AB1aB6055) in USD

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PEPEWETH_224CBC.USD trade ideas

Whales Pulling Out: Is Pepe Price Headed for a Deeper Crash? Whales Pulling Out: Is Pepe Price Headed for a Deeper Crash? Pepe Whales holdings have dropped by 1.71% in the past month causing a 20% drop in price. The active addresses have dropped to a three month low indicating a decreased user engagement. While Bitcoin was headed to conquer GETTEX:64K in September, Pepe was found struggling near the lows. Amid the improving market sentiments, the meme coin has failed to grab the attention of investors. At the time of writing, Pepe was trading close to $0.00000787 recording a positive gain of 4.4% a day. The crypto was consolidating for the last couple of months looking for a firm footing near the lows. Earlier in August, the crypto attempted a recovery after a consolidation. However, Pepe whales dumped a significant amount of supply, and the price crashed by over 20% falling back into the consolidation zone. Also, the meme coin has noted a dip in trading activity in the recent sessions putting it in a worse scenario. Pepe Whales Exit Market: What’s Next? Pepe has emerged as one of the top underperforming coins in the last couple of months. At the top of it, the top holders also known as whales exit from the market has increased the concern of Pepe Investors. Over the last 1 month, Pepe Whale holding has dropped from 46.76% in August to 45.05% at the moment. The whales have sold nearly 1.71% of the total supply worth of $56.43 Million causing a price drop of over 20%. The top addresses or whales are the players with large investment amounts and more resources. Hence they tend to be on the right side of the trend for most of the time. The selloff by whales dragged Pepe's price back to the struggling zone. Moreover, As per Santiment an on-chain data provider, the 24 hour as well as 7 day active addresses have dropped to a three month low value. The reduced active addresses suggest low user engagement which decreases liquidity. Lower liquidity can make it tough for the trader and investors to open trades at their desired price. Can Pepe Break Out Of Consolidation Or Continue To Struggle? The first half of this year has been very fruitful for the memecoin investors. Most of the meme coins surged over 50 to 100% with Pepe one of the top leaders. However, the second half of this year has been very tough for them till now. Pepe has crashed nearly 55% from its annual high. The annual high was attained in May at $0.0000172. Also, the whale's exit in the last months added worse to the price fall. As a result, the struggle may go on in the upcoming sessions as well. Over the daily chart, Pepe has stepped below all the key Exponential moving averages which may now act as a dynamic resistance for them. Currently, the price exhibits a consolidation indicating a sideways trend in the short term. A breakdown below the consolidation may validate the presence of sellers and a more worse scenario ahead. On the contrary, a breakout on the higher side may bring back hopes of recovery to the Investors. The short term traders and investors need to keep a closer look over a breakout or breakdown scenario.
CRYPTO:PEPEUSDShort
by Ritika_TCR
has also led to a falling wedge pattern on the dailyThe volume/market cap ratio was 17.60%, representing strong liquidity in PEPE price. Over the daily chart, the PEPE crypto price has witnessed significant profit-taking, resulting in a sharp decline of 55% over the last two and a half months. This bearish trend has also led to a falling wedge pattern on the daily chart. Furthermore, the pattern suggested that momentum may shift. Currently trading at $0.00000747, PEPE was pushed higher this week from the demand zone. The chart suggests PEPE might attempt to advance above$0.00000878, which could act as resistance. However, if buying pressure surges, the meme-coin could break through this level and attain a character change (ChoCh). Another key area to monitor is the supply zone near$0.00000989, where PEPE has faced multiple rejections before. The next target could be around $0.0000130 if it surpasses this zone.
BITFINEX:PEPEUSDLong
by Sam_TCR
Pepe (PEPE)Pepe (PEPE) Pepe lost nearly 14% a week and claimed the third most underperformer crypto of this week. PEPE/USD chart showcases a falling wedge formation over the daily chart. At the time of writing, Pepe was trading close to $0.0000074 recording a swift 0.04% gain in intraday. Pepe is a memecoin created as a tribute to Pepe the frog internet meme. It has a deflationary memecoin which was launched on Ethereum. Behind Dogecoin and Shiba Inu, it ranks as the 3rd largest memecoin cryptocurrency with a live market cap of $3.13 Billion. As of now, Pepe seems to be in a consolidation near the demand zone and the loser boundary of the falling wedge pattern. On the higher side, if Pepe surpasses $0.0000087, it may rise till the $0.0000109.
CRYPTO:PEPEUSDShort
by Ritika_TCR
recent correction became intense, but what's nextPEPE (PEPE) PEPE, ranked third in the list with 24th rank, has shown a massive bull run since its inception. With a year-to-date growth of almost 550%, PEPE maintains a strong bullish traction. However, the recent correction became intense, with a loss of $0.0000100, as well as the psychological support and the 200-day and 50-day EMA. Likewise, the pattern wise, it has shown a breakdown of an ascending wedge. Nevertheless, PEPE’s decrease has found a foothold at the horizontal support level of $0.00000600. The upward trend may soon challenge the resistance of $0.0000100 overhead trendline at $0.0000135. A bullish breakout above this resistance trendline could trigger a rally in PEPE again for the new ATH.
BITFINEX:PEPEUSDLong
by Sam_TCR
Pepe Crashes Nearly 26%: Further Downfall or A Recovery Ahead?Pepe Crashes Nearly 26%: Further Downfall or A Recovery Ahead? Pepe, the third largest memecoin suffered a significant drop of nearly 26% in the recent sessions. Despite a sharp drop in the price, the user engagement curve has improved. The broader market is facing a bearish wave which is pushing the price lower eroding the gains obtained in the last couple of weeks. The weakness has triggered a selloff in the meme coins as well, which performed extremely well in the previous months. As the crypto markets turned bearish, major cryptocurrencies suffered a strong selling pressure including Pepe. Pepe, the third largest memecoin suffered a significant drop of nearly 26% in the last five sessions. The recent selloff has triggered an uncertainty among the investors. Hence it's worth having a closer look at the price trajectory of memecoin to see whether the current state may continue to prevail or reverse. Increasing User Engagement Could Propel Pepe Price higher PEPE stands out in the meme coin market by leveraging the legacy of Pepe the Frog, a character with a rich and controversial history. The project's commitment to honoring this iconic figure sets it apart from other cryptocurrencies, enhancing its appeal within the crypto community. Despite a drop in the price, the analysts have noted a positive development in on-chain metrics: daily active address. As per the analysts, the 24 hours active address as well as 7 day active addresses have recorded an upward trajectory in the recent sessions. The increasing number of active addresses highlights the rising user engagement in crypto. The active address metrics reflect the total number of unique addresses that have taken part in transactions within the stated time frame. Can Pepe Bounce Back Or Suffer More? The daily chart highlights a sharp selloff in the recent sessions. Pepe crypto is on a 5 day losing streak snapping off nearly 26%. Moreover, the reading volume has contracted by 10% to 792.8 Million a day. From a technical standpoint, Pepe price has broken below the 20 and 50 day exponential moving average suggesting a weak outlook in the short term. However, the long term trend still supports the buyers side as the price currently leads the 200 day EMA by 3%. On the lower side, the 200 day EMA and $0.0000084 may act as a crucial level for the crypto. Now, if the bulls establish their presence near the support zone, then pepe may take a rebound and recover the losses. On the contrary, if the selling pressure continues to dominate and the sellers drive the price below the recent support of $0.0000084 it may widen the losses and the crypto may suffer again. What’s Next For Pepe? Recently, the broader market's bearish trend has triggered a selloff in the market. Pepe, the third-largest memecoin, experienced a drop of 26% over the last five sessions. Despite this, on-chain metrics show a rise in daily and weekly active addresses, indicating high user engagement. Furthermore, the daily chart reveals a sharp selloff, with Pepe breaking below the 20 and 50-day EMAs, suggesting short-term weakness. Still the price was maintained above the 200-day EMA, indicating long-term support. Key support levels are at the 200-day EMA and $0.0000084. If bulls hold these levels, a rebound is possible. otherwise, further losses may occur.
CRYPTO:PEPEUSD
by Ritika_TCR
Trump’s declarations on America Pepe (PEPE) has benefitted the most from Ethereum ETF's bullish headwinds, as per the price action. Currently, PEPE consolidates within a tight-packed range, suggesting a potential breakout that could further propel its price. This range often precedes with significant price spikes, making it a crucial juncture to look at. PEPE's price has been testing the crucial 50-day Exponential moving average band and has been above the 200-day EMA for a prolonged span of time, which signals a strong uptrend. The RSI, currently as of writing was at 56.15, exhibiting a neutral to slightly bullish sentiment. Meanwhile, the MACD indicated bullish signs from the past two weeks formed a golden cross with the MACD line crossing above the signal line. This shows a shift in the favor of the bulls. PEPE might surge magnificently soon due to the positive crypto landscape's atmosphere. This bullish sentiment has been fed by various political changes and developments. Such as Donald J. Trump’s declarations on America to form a global hub for cryptocurrency, and he further aimed to clear hurdles in doing so by firing SEC Chair Gary Gensler and naming a more crypto-friendly chief. Mainly, the political support enhances regulatory atmospheres and sentiments. Thus, enabling innovation and growth within crypto verse is possible; hence, meme-tokens as PEPE benefit from it, too. If PEPE breaks above the immediate resistance at $0.0000130 with strong volume, it could trigger a bullish continuation spike. The next target would be $0.0000139, followed by potential new highs. On the flip side, if PEPE fails to break the resistance and falls below the support at $0.0000111, it could lead to a retest of the $0.0000100 level. A break below this support could trigger further downside for $0.0000080.
CRYPTO:PEPEUSDLong
by Sam_TCR
Pepe Crypto Rebounds From 50 day EMA!Pepe Crypto Rebounds From 50 day EMA! Pepe crypto has stabilized near the 50 day Exponential moving average and bounced back to the higher side. The crypto made a breakout of a trendline resistance marking an end to its correction phase. The weekly gain stands around 15% despite the weakness in the broader market weakness. Pepe enjoys being the 23rd cryptocurrency by market capitalization with a live market cap of $5.2 Billion. The transaction volume has jumped by over 19.47% a day to $1.04 Billion. The volume to market cap ratio is 19.53% suggesting mild volatility in the crypto. The positive volume inflow along with the breakout points towards the continuation of the higher low pattern formation. The PEPE price may look to reclaim the upper supply of $0.000017 if the bulls successfully conquer the recent hurdle of $0.0000135
CRYPTO:PEPEUSDLong
by Ritika_TCR
Pepe (PEPE) CryptoPepe (PEPE) Crypto PEPE has made its own recognition in the crypto space in a very short term. It stands out in the meme coin realm by leveraging the iconic Pepe the Frog, a figure with a complex legacy. This homage sets it apart and bolsters its crypto community presence. Pepe is the third largest meme crypto with a live market capitalization of $4.5 Billion. it has delivered an impressive 33.52% in the last three months and a massive 734.4% on a year to date basis. The weekly PEPE/USD chart reveals that the crypto has been losing in the last four weeks, probably pulling back for a possible retest of the previous breakout zone. The recent sessions saw a stabilization near the recent support of $0.0000104 indicating a possible rebound from the support levels in the upcoming sessions.
CRYPTO:PEPEUSDLong
by Ritika_TCR
Pepe Boasts an Impressive 77% Gain A Week!Pepe Boasts an Impressive 77% Gain A Week! PEPE, a deflationary cryptocurrency, emerged on the Ethereum network as an homage to the widely recognized Pepe the Frog meme by Matt Furie, a cultural icon since the 2000s. Moreover, The initiative seeks to leverage the meme coin craze, following in the footsteps of Shiba Inu and Dogecoin, with aspirations to rank among the elite meme-centric digital currencies. Embracing a transparent approach, PEPE entices the crypto community with its zero-tax framework and candid admission of its purely memetic essence, devoid of practical utility. Over the past week Pepe has left everyone amazed with its performance. The crypto achieved a weekly gain exceeding 77%, surpassing its previous all time high. This surge has propelled Pepe into the ranks of the top 20 largest cryptocurrencies, boasting a market capitalization of $7.05 billion. At the time of writing, pepe was exchanging hands close to $0.000016 with an intraday rise of over 5.13%. The market's bullish sentiment is evident on the charts, suggesting that Pepe could sustain its position among the top gainers as long as it continues its upward trajectory.
CRYPTO:PEPEUSDLong
by Ritika_TCR
1
market continues to be bullishit's important to note that the RSI has moved further into the overbought territory, currently at 76.01. This suggests market sentiment regarding a possible correction or reversal in prices, despite the current bullish trends for PEPE and the bullish MACD above the zero line. If the market continues to be bullish without encountering any previous resistance, PEPE could reach new heights. However, in the event of a correction, the price may be drawn towards previous support levels, such as $0.00001000 and $0.00000900.
CRYPTO:PEPEUSDLong
by Sam_TCR
PEPE coin price is consolidating in a rangePEPE coin price has been in a consolidation range after a massive one way surge on the daily chart. The asset has been in the bulls favor earlier, but later price ended up in a range as both sellers and bulls pressure increased. Depending, on the weight of bulls and bears in the battle, would decide the next coming momentum. At press time, the PEPE coin price is consolidating in a range and is experiencing an intraday decline of -3.68% in the last 24 hours, and the price is currently trading at $0.00000680. Therefore, if the Pepe coin price fails to stay above the $0.00000600 level, it could decline further after breaking the level. However, if the demand for crypto rises, the PEPE asset price could bounce back and break the range for the upside. The next goal for the price could be to reach $0.00001000, and $0.00001200.
BITFINEX:PEPEUSDShort
by Sam_TCR
1
PEPE crypto predictionPepe Coin seems to be stabilizing near the dynamic support of the 20 day exponential moving average. Pepe Crypto trades close to $0.0000081, recording a swift intraday loss of nearly 0.45%. The Pepe Coin trades lightly on Wednesday reporting a swift intraday loss at the time of writing. The crypto was at $0.0000081 trading close to the weekly high value. The bulls are exhibiting strength in the last few sessions as the crypto is trying to stabilize near the highs. Moreover, the bears attempted to regain control at the highs in the third week of March. The price dropped nearly 40% for the recent swing high. However, the 20 day EMA acted as a dynamic support and prevented the further fall. The recent sessions saw the price hovering above the 20 day EMA for most of the time indicating the short term trend still favors the buying side. The sellers seem to be failing in order to regain control over the trend. On the higher side, the recent swing high or $0.0000099 level might act as a hurdle for the buyers. Any sustained move above the stated level may unlock price potential towards the higher side.
CRYPTO:PEPEUSDLong
by Ritika_TCR