{"id":549894,"date":"2023-09-04T08:18:23","date_gmt":"2023-09-04T08:18:23","guid":{"rendered":"https:\/\/wncen.com\/?p=549894"},"modified":"2023-09-04T08:18:23","modified_gmt":"2023-09-04T08:18:23","slug":"pepe-coin-september-challenge-can-it-reach-0-000001-again","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pepe-coin-september-challenge-can-it-reach-0-000001-again\/","title":{"rendered":"Pepe Coin September Challenge: Can It Reach $0.000001 Again?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Pepe Coin, the meme-inspired cryptocurrency, has faced a recent setback as it failed to sustain support at $0.00000078, casting doubts on its short-term rally prospects. The sellers&#8217; inability to follow through on their downward pressure hints at some wavering in their conviction. The crucial question now is whether the uncertainty will pave the way for buyers to reclaim higher ground this month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of the latest data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" rel=\"nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, PEPE currently trades at $0.000000807186, reflecting a 2.8% increase in the past 24 hours. However, over the past seven days, the coin has experienced a 7.6% decline in value.<\/span><\/p>\n<p><a href=\"https:\/\/coingape.com\/markets\/pepe-price-prediction-will-pepe-coin-reclaim-0-000001\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Price analysts suggest<\/span><\/a><span style=\"font-weight: 400\"> that if the daily candle manages to close above the critical level of 0.00000078, the recent breakdown could be deemed a &#8220;bear trap,&#8221; that might offer a glimmer of hope for PEPE enthusiasts.<\/span><\/p>\n<p>A bear trap is a situation in trading where the price of an asset appears to be entering a bearish (downward) trend but then reverses and moves upwards instead. It &#8220;traps&#8221; or tricks traders who were expecting further price declines into selling their positions, only to see the price rise.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/shiba-inu-price-faces-potential-12-loss-as-bearish-pattern-emerges\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Price Faces Potential Loss As Bearish Pattern Emerges<\/a><\/div>\n<h2><strong>Challenges Ahead For PEPE<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">While the bullish momentum appears promising, PEPE&#8217;s recovery remains constrained within a falling channel pattern that has persisted for the past two months. To gain more confidence in the revival, buyers must breach the upper trendline of this channel. Such a breakout has the potential to catapult the meme coin past the coveted $0.000001 threshold.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/OKFuD4dX\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">Total crypto market cap at $1.02 trillion on the daily chart: <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/finbold.com\/dogecoin-doge-and-pepe-pepe-are-reeling-why-pomerdoge-pomd-is-the-meme-coin-you-should-have\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">separate report<\/span><\/a><span style=\"font-weight: 400\">, worrying statistics emerge regarding the health of the PEPE network. Santiment&#8217;s latest data reveals an 83% drop in active addresses associated with Pepe (PEPE) over the past quarter. Additionally, both transaction volume and transaction count have experienced a significant downturn.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the recent price rally and bullish sentiment, PEPE faces challenges ahead, primarily due to the persistent downward trend within the falling channel pattern. The failure to break free from this pattern could see the meme coin continue its downward trajectory.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-549896 size-medium\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-10.png?w=460&#038;resize=460%2C359\" alt=\"\" width=\"460\" height=\"359\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-10.png?w=674 674w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-10.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">PEPE seven-day price action. Source: Coingecko<\/pre>\n<h2><strong>User Exodus Spells Trouble For Pepe Coin<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Date from Santiment cited in the report paints a bleak picture for PEPE as the network grapples with a sharp decline in active users. This alarming 83% decrease in active addresses highlights the waning interest in the cryptocurrency, possibly undermining its long-term viability. Moreover, the decrease in transaction volume and transaction count further compounds the network&#8217;s woes.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/polygon-matic-drops-below-crucial-level-will-sellers-exit\/\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) Drops Below Crucial Level \u2013 Will Sellers Exit?<\/a><\/div>\n<p><span style=\"font-weight: 400\">PEPE&#8217;s recent struggle to maintain support at $0.00000078 raises questions about its near-term prospects. While there is hope for a recovery, the coin remains trapped within a falling channel pattern. The critical breakout point lies ahead, and the crypto community watches eagerly to see if buyers can reclaim higher ground.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Simultaneously, the exodus of active users and declining transaction metrics pose additional challenges for the future of PEPE, emphasizing the need for a sustained and robust recovery strategy.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><span style=\"font-weight: 400\">Featured image from<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pepe Coin, the meme-inspired cryptocurrency, has faced a recent setback as it failed to sustain support at $0.00000078, casting doubts on its short-term rally prospects. The sellers&#8217; inability to follow through on their downward pressure hints at some wavering in their conviction. The crucial question now is whether the uncertainty will pave the way for buyers to reclaim higher ground this month. As of the latest data from CoinGecko, PEPE currently trades at $0.000000807186, reflecting a 2.8% increase in the past 24 hours. However, over the past seven days, the coin has experienced a 7.6% decline in value. Price analysts suggest that if the daily candle manages to close above the critical level of 0.00000078, the recent breakdown could be deemed a &#8220;bear trap,&#8221; that might offer a glimmer of hope for PEPE enthusiasts. A bear trap is a situation in trading where the price of an asset appears to be entering a bearish (downward) trend but then reverses and moves upwards instead. It &#8220;traps&#8221; or tricks traders who were expecting further price declines into selling their positions, only to see the price rise. Related Reading: Shiba Inu Price Faces Potential Loss As Bearish Pattern Emerges Challenges Ahead For PEPE While the bullish momentum appears promising, PEPE&#8217;s recovery remains constrained within a falling channel pattern that has persisted for the past two months. To gain more confidence in the revival, buyers must breach the upper trendline of this channel. Such a breakout has the potential to catapult the meme coin past the coveted $0.000001 threshold. Total crypto market cap at $1.02 trillion on the daily chart: TradingView.com In a separate report, worrying statistics emerge regarding the health of the PEPE network. Santiment&#8217;s latest data reveals an 83% drop in active addresses associated with Pepe (PEPE) over the past quarter. Additionally, both transaction volume and transaction count have experienced a significant downturn. Despite the recent price rally and bullish sentiment, PEPE faces challenges ahead, primarily due to the persistent downward trend within the falling channel pattern. The failure to break free from this pattern could see the meme coin continue its downward trajectory. PEPE seven-day price action. Source: Coingecko User Exodus Spells Trouble For Pepe Coin Date from Santiment cited in the report paints a bleak picture for PEPE as the network grapples with a sharp decline in active users. This alarming 83% decrease in active addresses highlights the waning interest in the cryptocurrency, possibly undermining its long-term viability. Moreover, the decrease in transaction volume and transaction count further compounds the network&#8217;s woes. Related Reading: Polygon (MATIC) Drops Below Crucial Level \u2013 Will Sellers Exit? PEPE&#8217;s recent struggle to maintain support at $0.00000078 raises questions about its near-term prospects. While there is hope for a recovery, the coin remains trapped within a falling channel pattern. The critical breakout point lies ahead, and the crypto community watches eagerly to see if buyers can reclaim higher ground.\u00a0 Simultaneously, the exodus of active users and declining transaction metrics pose additional challenges for the future of PEPE, emphasizing the need for a sustained and robust recovery strategy. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from<\/p>\n","protected":false},"author":557,"featured_media":549901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,88215,4735],"class_list":["post-549894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-price-action"],"acf":[],"yoast_head":"\n<title>Pepe Coin September Challenge: Can It Reach $0.000001 Again?<\/title>\n<meta name=\"description\" content=\"Pepe Coin, the meme-inspired cryptocurrency, has faced a recent setback as it failed to sustain support at $0.00000078, casting doubts on its short-term\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Pepe Coin September Challenge: Can It Reach $0.000001 Again?","url":"http:\/\/wncen.com\/news\/pepe-coin-september-challenge-can-it-reach-0-000001-again\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/pepe-coin-september-challenge-can-it-reach-0-000001-again\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-12.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-12.png?fit=755%2C479"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","pepe price","price action"],"dateCreated":"2023-09-04T08:18:23Z","datePublished":"2023-09-04T08:18:23Z","dateModified":"2023-09-04T08:18:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Pepe Coin September Challenge: Can It Reach $0.000001 Again?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/pepe-coin-september-challenge-can-it-reach-0-000001-again\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/pepe-coin-september-challenge-can-it-reach-0-000001-again\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-12.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-12.png?fit=755%2C479\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"pepe price\",\"price action\"],\"dateCreated\":\"2023-09-04T08:18:23Z\",\"datePublished\":\"2023-09-04T08:18:23Z\",\"dateModified\":\"2023-09-04T08:18:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-12.png?fit=755%2C479","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549894"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549894"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549901"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}