Pepe Coin Price has suffered a major reflection today, May 19, as the mood in the encryption market and the stock market increased after lowering the credit rating of the last MOOUDY of American debt. The MG currency has decreased by approximately 10 % in the past 24 hours. However, its techniques and popularity among merchants indicate a recovery, potentially its highest level at 0.000028381.
Technical analysis of the coin price indicates a final recovery
While the price of Pepe has decreased, technologies indicate a contradictory recovery to the highest level ever. The first thing to see is that the currency has formed the style of the bullish flag diagram on the daily graph.
This style occurs when the original goes equivalent and then begins to unite it as some investors breathe. In most periods, this monotheism usually follows another equivalent step.
In the case of Pepe Price, the first part of the bullish flag pattern occurred earlier this week as it increased from a decrease of $ 0.000007534 to $ 0.00001534 within days. After that, the currency continued the talisman in a lift -like style.
The other bullish style that formed a double giant group was at $ 0.00000577. This style occurs when the original is its lowest levels and neckline. In this case, the neckline was at 0.00002838 dollars, which is absolutely high. In most cases, the original usually bounces on the double bottom, heads to the neck line, then continues to height.
Moreover, the Pepe value is about to form a golden cross -style as the spread between the averages of the weighted movement for 200 days and 50 days (WMA) narrows every day. Therefore, the most likely PEPE price expectations are upward, as the main goal is the highest level ever. The evacuation of responsibility for this goal is that it will take some time, and the coin will have some decline with this.
The upscale expectations will become unimportant if the currency decreases below the psychological point at $ 0.000010. The step without this level will indicate more of the negative side, and perhaps to the double bottom level at $ 0.00000577.
The buds of the PEPE price
Pepe Coin Price has many bullish stimuli that may push them up in the coming months. First, as this article was written, there is a possibility that Ethereum price will eventually rise to a record level this year. Such a step would benefit the ETHEREUM higher coins such as Pepe and Shiba Inu.
Moreover, the currency maintains a positive financing rate, a sign that investors believe that the future price is higher than the current level.
Third, Pepe has become one of the most coins on the market. ETHERSCAN data He explains that the number of holders of pregnant women has jumped to more than 435,000. Its daily size exceeds $ 2.4 billion of other coins such as Sheba Eno and Trump fees.
Related questions (common questions)
The technologies indicate that the price of the Pepe currency will rise to a record level this year, making it one of the most performance metal currencies.
PEPE formed a dual, giant and bullish pattern on the daily chart. These patterns often lead to more gains.
PEPE has a higher volume of other higher Meme currencies, has a positive financing rate, and has more holders.
Crespos
CRISPUS is an experienced financial analyst in CoingApe with over 12 years of experience. It focuses on Bitcoin and other altcoins, which covers the intersection of news and analysis. His visions were shown on famous platforms such as banklestimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneytransFers.com.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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