The pepe coin (pepe) price shows the signals of a possible rally at a high level of a new multi-front at $ 0.000023793 as the market structure completes a cup and handle pattern on a 12-hour chart.
For Pepe this fast formation follows a notable 81.10% profit in a month that saw it Etherium meme coin price Four months high of $ 0.000015410.
On the press time, Pepe coin trades $ 0.000013973Despite the bitcoin reaching a new all-time, with an intraday benefit of 2.33% And altcoins are getting hot.
Paype coin price 61.26% rally up to $ 0.000023793
PayPe Price $ 0.000014558 has a 61.26% rally from the current position of a cup and handle pattern to a breakout. A successful push above the neckline on $ 0.000014764 can catalyze a rally that pushes this meme tokens to the $ 0.00002825 on 9 December.
This cup and handle consolidation pattern often occurs before an uptrend. It has a round bottom known as a cup and then a small consolidation is called handle. Therefore, name.
The target of $ 0.000023703 for the above cup and handle is achieved by measuring 61.26% depth of the cup and adding it to the neckline of $ 0.000014764. A breakout and continuation of rapid continuity with an opatic in volume and speed can be confirmed.
The price of Pepe is also running above the 200-period MA, which is often used in combination with cups and handles, and it suggests the huge strength of a possible breakout. If the handle moves beyond its current position, the price of $ 0.000023793 will be at sight.
In addition, the increasing 50-term MA, which is located below the price points, indicates the rapid speed of medium-term and increase support at $ 0.000013191.
Pepe/USDT: 12-hour by chart Tradingview
For speed, the relative power index (RSI) is at 59.12, and is climbing upwards. This shows that the meme coin is still experiencing the speed of rapid speed.
Pepe Open Interest and Funding Rates Signal Bullish Momentum
Derivative data on Coalus Open interest suggests that there is an increase of 111.4%, which represents $ 636.44 million, which signal the strong market interest and the capacity of further upside. In addition, funding rates also remain positive, which is a rapid indication that even the traders are willing to pay a premium fee to keep their positions open.
Last Techway
PayPe coin price forecast The meme coin is primed for a breakout as indicated by a cup and handle pattern, high open interest and positive funding rates in the futures market as well as a composite-friendly Altcoin market that is heating up in the sink for a new all-time high with a composite altcoin market that rally.
Frequently asked questions (FAQs)
This cup and handle is a consolidated pattern that occurs often before the upcoming uptrend. It has a round bottom known as a cup and then a small consolidation is called handle.
The all-time high of Pepe Sikka is high $ 0.00002825 and was set on 9 December 2024 5 months ago.
With the right market conditions, the price of the pepe coin can rally a new multi-maiden level of $ 0.000023793, which can proceed from Ath.
William S. Berg
William S. Berg Coingpe has a market and business journalist, where he has covered development in digital asset space. He has contributed to major media outlets such as The Times of Malta and was reported on Business News as an assistant reporter for first TVM.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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