Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
PEPE Price: Analyst Says This Level Could Trigger 400% Move To $0.0001
Meme coin A steady decrease that started at the start of the year has kept PEPE at a key support level for weeks. A crypto researcher on TradingView said that a PEPE breakthrough over this price support might trigger a 400% rise to $0.0001. After a difficult week for the crypto market, PEPE continued its losses and sank to its lowest price in months.
Technical analysis reveals PEPE's rising trajectory rests on a rebound above $0.00000650 support. This intriguing insight was highlighted by a TradingView crypto analyst using the PEPE weekly candlestick timing chart.
This support level is relevant given PEPE's sustained slide since January. Technical analysis suggests the drop is duplicating the meme coin's 2024 price behavior. The analyst called PEPE's December 2024 top price of $0.00002803 the third drive, which sparked the decline. The first and second drives in 2024 each had a corrective period following rallies.
In the previous 24 hours, the meme currency has pushed over this support level and reached $0.000007. The crypto researcher stated that PEPE's reaction to a significant resistance zone between $0.00001150 and $0.00001200 will determine the rally.
PEPE would gain momentum if it breaks $0.00001200. First bullish trigger in a while, a breakthrough would reaffirm momentum and strengthen buy-side pressure with an aggressive higher rise. From here, resistance levels are expected to be $0.00001700 to $0.00002200. Getting above $0.00002200 will likely lead to additional momentum over its all-time high of $0.00002803.
The analyst forecasted a $0.0001 price goal if positive momentum continues. However, failure to close above $0.00001200 might extend the downturn, with PEPE likely retesting lower support zones around $0.00000650 to $0.00000550.
PEPE is now trading at $0.000007239, up 4.4% in 24 hours. Bitcoin and other major market cap cryptocurrencies' market circumstances would determine PEPE's growth trajectory.
#PEPE #pepe $PEPE #WhiteHouseCryptoSummit #MarketRebound