PEPE’s weekly price plan highlights the frequent patterns that have set market courses over the years. According to the analysis, the symbol witnessed a sharp correction of about 49.53 %, which is in line with the post -peak refund in the volatile cryptocurrency market.
Follow this correction the ups of the distinctive symbol to the highest level ever at 0.00002825 dollars, which led to a decrease in the PEPE price towards the level of Fibonacci’s re -imitation by 50 % at 0.000014267 dollars. This main level was a temporary store against more declines, which leads to price stability and indication of a possible return stage.
Historical data from early 2023 and MID 2014 indicate that upward clusters follow similar corrections. For example, after a decrease of 66 % in mid -2014, the PEPE cryptocurrency has folded strongly, which led to an intense increase of more than 380 % to ATH within a short period.
Moreover, in 2023, the Meme symbol witnessed a 86 % more dramatic decrease, to recover through 2,750 % of the scenic landscape, which exposes the possibility of extended growth. These patterns indicate that the current stage may represent a period of accumulation, which paves the way for another possible momentum for translation.
Can Pepe restore ATH?
For Pepe Cryptocurrency to recover ATH, you will need strong market morale and increase trading volume, both of whom were subjected during the last correction phase. However, a decrease in the volume of sales during sales may indicate a decrease in the declining momentum, indicating that the accumulation stage is ongoing.
Assuming that the upscale feelings prevail, the distinctive symbol can see the return of the demand, which prompted it beyond the resistance area at 0.0000200 dollars. Breaking this range would open the path towards ATH PEPE about $ 0.000028, align the next ups near the level of $ 0.00003400, based on Fibonacci accessories.
Despite this optimistic outlook, the loss of the main support area around the Fibonacci level by 50 % is the most urgent concern. The decisive break down to the bottom of this region may continue to continue, with the decisive support between $ 0.000010 and 0.0000078 dollars. This would represent an additional decrease of about 34 % – 39 % of the current levels, putting the cryptocurrency in a risky mode.
Experts predict an 8x increase for Pepe
According to Joint By Cryptoelites analysts, PEPE appears to form a cup -like pattern and car within an ascending canal. This technical preparation often indicates a continued rise, as a short -term goal was shown with an 8X over the current levels.
Based on this analysis, the targeted price can reach about $ 0.000141989, indicating a possible profit of 816.28 % if the upscale path is revealed as expected.
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