Should you Buy $PEPE at $0.0000012 Dip?

Should you Buy $PEPE at $0.0000012 Dip?

Published 4 mins ago

Pepe Coin Prediction: The frog-themed memecoin Pepe showed a remarkable performance in the second week of August. From the $0.00000105 mark, the coin price reached a high of $0.00000147 and recovered the losses witnessed in late July to early August. In this one-week rally, the PEPE price surged 30% and retested the $0.00000145 resistance. This barrier triggered a minor pullback sparking an opportunity to buy the dip.

Also Read: 27 Into $1,000,000! With Pepe Riding High, Is MillionaireGame ($MG) Ready To Soar?

Pepe Coin Daily Chart: Key Points

  • A bullish reversal from $0.00000122 could raise the Pepecoin price by 18.2%
  • The coin price faced two reversals from the $0.00000145 barrier in the past three weeks, indicating a high supply zone.
  • The 24-hour trading volume in the Pepecoin coin is $121 Million, showcasing a 4.5% gain.

Pepe Coin PredictionSource- Tradingview

The Pepe coin recovery rally faced a strong surge in supply pressure at the $0.00000147 mark, evident by the high-wick rejection candle on August 14th. The resulting pullback plunged 17% and hit local support and retraced to $0.00000122 support.

The aforementioned support aligned with 61.8% Fibonacci retracement level, creates a high area of interest. Despite a 3% intraday loss, the PEPE price shows a lower price rejection at $0.00000122, indicating the buyers accumulating at lower prices.

If the coin price shows sustainability at the aforementioned support, the Pepecoin will likely surge 18.2%, to rechange the $0.00000145 barrier.

A breakout above this barrier will give a better signal for uptrend continuation.

Pepe Coin Price Poised for Extended Correction?

If the market sentiment remains uncertain, the Pepe price may waver above the $0.00000122 support. The buyer’s inability to rebound will reflect a weakness in bullish momentum. If the prices break below the bottom support, the coin holders will also lose 50% FIB level hinting at an extended correction to $0.00000114.

  • Fibonacci retracement level: a correction to 50% FIB level is considered healthy for higher rallies.
  • Bollinger Band: A downtick in the upper ceiling of the Bollinger Band indicator could create additional resistance on the upside

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From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at)

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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