{"id":630209,"date":"2024-07-17T18:30:40","date_gmt":"2024-07-17T18:30:40","guid":{"rendered":"https:\/\/wncen.com\/?p=630209"},"modified":"2024-07-17T12:56:12","modified_gmt":"2024-07-17T12:56:12","slug":"pepe-explosion-0-00004128","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/pepe\/pepe-explosion-0-00004128\/","title":{"rendered":"PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH"},"content":{"rendered":"

The PEPE price has remained strong<\/a> coming out of the crypto market crash, rebounding more than 40% in a single day. This bullishness has fed the narrative for the meme coin, which is touted to be the next big thing on Ethereum. However, the question remains whether the PEPE price will continue to rise from here if it has reached its peak for this cycle.<\/p>\n

PEPE Price Still Bullish From Here<\/h2>\n

Despite being down around 30% from its May 27 all-time high of $0.00001718, the PEPE price is still showing bullish tendencies<\/a>. This could point to a continuation, something that pseudonymous crypto analyst \u201cmelikatrader94\u201d points out in an analysis<\/a> on TradingView.<\/p>\n

Related Reading: Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week<\/a><\/div>\n

According to the crypto analyst, the PEPE price has bounced off an internal trend line that has been acting as support for the meme coin. As a result, there has been the formation of a double bottom following the most recent price bounce, and this is bullish for price.<\/p>\n

Since the PEPE price was quick to react to the internal trend line<\/a>, the crypto analyst believes that this shows strong buying interest in the meme coin. Furthermore, the chart is showing the formation of an ascending trend line, and given the history of ascending trend lines, then price could continue to rise, as long as it doesn\u2019t break out of this channel.<\/p>\n

With the double bottom mentioned above, the PEPE price is already seeing the result of this bullish reversal. If this continues, the price is expected to rise over 150% from here again, reaching a new all-time high of $0.00004128, according to the crypto analyst.<\/p>\n

Scenarios For Invalidation<\/h2>\n

While the PEPE price<\/a> is still very bullish, there are still scenarios that could send the price spiraling downward. Short of a market-wide Bitcoin and crypto crash, the PEPE price<\/a> still has multiple resistance levels to conquer from here. One of those is the $0.000025 level.<\/p>\n

Furthermore, as the analyst points out, the price has to remain above the internal trend line, which currently sits just above $0.000008. As long as it holds this point, then bulls remain in charge and can try to drive the price up.<\/p>\n

Related Reading: Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go?<\/a><\/div>\n

Another major point to watch is the mid-channel resistance. In this case, the resistance lies just above $0.000025, which is above the current all-time high. This means there is still room for growth before hitting any major resistance.<\/p>\n

Last but not least is the volume for the meme coin. If the PEPE trading volume<\/a> continues to rise, then the buying pressure can push the price toward new ATHs. However, a decline in the trading volume could be detrimental for the price and lead to a reversal. \u201cIncreasing trading volume would further confirm the bullish trend and provide additional confidence in reaching the target price,\u201d the analyst said in closing.<\/p>\n

\"PEPE
Token price rises toward ATH | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The PEPE price has remained strong coming out of the crypto market crash, rebounding more than 40% in a single day. This bullishness has fed the narrative for the meme coin, which is touted to be the next big thing on Ethereum. However, the question remains whether the PEPE price will continue to rise from here if it has reached its peak for this cycle. PEPE Price Still Bullish From Here Despite being down around 30% from its May 27 all-time high of $0.00001718, the PEPE price is still showing bullish tendencies. This could point to a continuation, something that pseudonymous crypto analyst \u201cmelikatrader94\u201d points out in an analysis on TradingView. Related Reading: Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week According to the crypto analyst, the PEPE price has bounced off an internal trend line that has been acting as support for the meme coin. As a result, there has been the formation of a double bottom following the most recent price bounce, and this is bullish for price. Since the PEPE price was quick to react to the internal trend line, the crypto analyst believes that this shows strong buying interest in the meme coin. Furthermore, the chart is showing the formation of an ascending trend line, and given the history of ascending trend lines, then price could continue to rise, as long as it doesn\u2019t break out of this channel. With the double bottom mentioned above, the PEPE price is already seeing the result of this bullish reversal. If this continues, the price is expected to rise over 150% from here again, reaching a new all-time high of $0.00004128, according to the crypto analyst. Scenarios For Invalidation While the PEPE price is still very bullish, there are still scenarios that could send the price spiraling downward. Short of a market-wide Bitcoin and crypto crash, the PEPE price still has multiple resistance levels to conquer from here. One of those is the $0.000025 level. Furthermore, as the analyst points out, the price has to remain above the internal trend line, which currently sits just above $0.000008. As long as it holds this point, then bulls remain in charge and can try to drive the price up. Related Reading: Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go? Another major point to watch is the mid-channel resistance. In this case, the resistance lies just above $0.000025, which is above the current all-time high. This means there is still room for growth before hitting any major resistance. Last but not least is the volume for the meme coin. If the PEPE trading volume continues to rise, then the buying pressure can push the price toward new ATHs. However, a decline in the trading volume could be detrimental for the price and lead to a reversal. \u201cIncreasing trading volume would further confirm the bullish trend and provide additional confidence in reaching the target price,\u201d the analyst said in closing. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88189],"tags":[167,6664,26263,14690,88145,88163,89512,88215,88190,88188],"class_list":["post-630209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pepe","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-pepe","tag-pepe-coin","tag-pepe-news","tag-pepe-price","tag-pepeusd","tag-pepeusdt"],"acf":[],"yoast_head":"\nPEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH<\/title>\n<meta name=\"description\" content=\"The PEPE price has remained strong coming out of the crypto market crash, rebounding more than 40% in a single day.\" \/>\n<meta name=\"robots\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH","url":"http:\/\/wncen.com\/analysis\/pepe\/pepe-explosion-0-00004128\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/pepe\/pepe-explosion-0-00004128\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/PEPE_1c9b12.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/PEPE_1c9b12.jpeg?fit=1024%2C1024"},"articleSection":"PEPE","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","pepe","pepe coin","pepe news","pepe price","pepeusd","pepeusdt"],"dateCreated":"2024-07-17T18:30:40Z","datePublished":"2024-07-17T18:30:40Z","dateModified":"2024-07-17T18:30:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE Explosion Imminent: Analyst Predicts Price Will Rocket To $0.00004128 ATH\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/pepe\\\/pepe-explosion-0-00004128\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/pepe\\\/pepe-explosion-0-00004128\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/PEPE_1c9b12.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/PEPE_1c9b12.jpeg?fit=1024%2C1024\"},\"articleSection\":\"PEPE\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"pepe\",\"pepe coin\",\"pepe news\",\"pepe price\",\"pepeusd\",\"pepeusdt\"],\"dateCreated\":\"2024-07-17T18:30:40Z\",\"datePublished\":\"2024-07-17T18:30:40Z\",\"dateModified\":\"2024-07-17T18:30:40Z\"}<\/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\/2024\/07\/PEPE_1c9b12.jpeg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/630209"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=630209"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/630209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/630224"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=630209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=630209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=630209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}