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PEPEUSDT Perpetual Swap Contract

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PEPEUSDT.P trade ideas

Pepe (PEPE) braces for 28% dropPepe (PEPE) has been trading within a falling wedge pattern since May 27. Currently priced at $0.0000077, its value has dropped by 52% during this period. PEPE’s price could decline further, as it appears poised to break below the lower line of its falling wedge, which would signal a continuation of the downtrend. A falling wedge pattern occurs when an asset’s price moves between two downward-sloping trend lines. The upper trend line serves as resistance, while the lower trend line acts as support. Typically, despite the downtrend within the wedge, this pattern is considered bullish because the price often breaks out above the upper trend line upon completion, leading to an upward movement. However, PEPE may be an exception. Since August 25, the meme coin’s price has been on a downtrend, dropping by 15% and pushing it closer to the lower line of the falling wedge. \When an asset’s price breaks below the lower trendline of a falling wedge, it invalidates the bullish projection typically associated with this pattern and suggests that the downtrend may continue. PEPE’s technical setup supports this possibility. The altcoin has fallen below key moving averages, trading beneath both its 20-day exponential moving average (EMA) and its 50-day simple moving average (SMA). If PEPE bulls fail to defend the lower line of the falling wedge, the meme coin’s price could decline to its August 5 low of $0.0000059, representing a 28% drop from its current value. However, if the current trend reverses and PEPE resumes its uptrend, its price could rise to $0.0000086.
by paul_endeo
PEPEUSDT.1DExamining the PEPE/USDT chart closely, I’ve identified several elements that stand out in the current trading environment. Here's a detailed analysis: Key Resistance and Support Levels: Resistance 1 (R1) at 0.00000693: This level is immediately noteworthy as the price is currently testing it. A break above could indicate bullish sentiment building in the short term. Resistance 2 (R2) at 0.00001377: Much higher than R1, reaching this level would suggest significant bullish momentum and a possible shift in market dynamics. Resistance 3 (R3) at 0.00001724: This is an optimistic target and would likely require a major catalyst or a shift in broader market sentiment. Support 1 (S1) at 0.00000379: If the price breaks below this level, it could lead to further declines as it represents the most recent low. Support 2 (S2) below the chart’s visible range: The presence of another support below S1 suggests a zone where buyers previously stepped in. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is currently below the signal line but close to a crossover. This could suggest that upward momentum is starting to build, especially if the MACD crosses above the signal line soon. RSI (Relative Strength Index): The RSI stands at 41.90, which is below the midline of 50, indicating that the market might still be in a bearish phase or at least not strongly bullish yet. Chart Patterns: A downward trendline is evident, marking resistance levels that have capped price rallies. The current price action near R1 could be crucial; a decisive break above this trendline might suggest a trend reversal. Fibonacci retracement levels from a prior rise show significant levels at 0.561 and 0.727, indicating areas where the price found support or resistance before, aligning with our current levels. Conclusion: The current setup on the PEPE/USDT chart suggests caution with a watchful eye on potential bullish signals. A break above R1 and the downward trendline would be a positive sign, potentially leading to tests of higher resistance levels. Conversely, failing to overcome R1 could see the price retesting support at S1, with a risk of falling to lower levels if bearish pressure intensifies. Given the proximity of the MACD to its signal line and the RSI’s position, traders should remain alert for changes in momentum and adjust their strategies accordingly. Setting strategic stop-loss orders and considering the impact of broader market trends on PEPE’s price movement would be prudent.
by MarsSignals
3
PEPE → Pre-break consolidation and retest of MA-200BINANCE:PEPEUSDT is consolidating after a shakeout. Bulls are emphasizing the resistance at 0.00000827. On W1, the coin is consolidating above key support, which is a good sign amid the overall bullish trend. PEPE is trading above trend support and is not going to go down yet. A decrease in volatility is forming - “consolidation” character of the movement. After retesting the resistance, the price returns to the level for another test, which only increases the chances of a breakout of the area. Consolidation of the price above this area may affect the breakout of MA-200, which will be a confirmation of the readiness to go up. Technically, the zone of interest is 0.00001088 and “ob” in the zone 0.000013. Resistance levels: 0.00000827 Support levels: 0.000007615 We continue to follow the price. The trend is bullish and there are no preconditions that would lead to a trend change. Technically, I expect an attempt to break the upper boundary of consolidation and further growth to the specified targets. Regards R. Linda!
Long
by RLinda
3
What is this cunning frog PEPE up to?The development of our previous idea for OKX:PEPEUSDT is simply fascinating: first a -50% drop, and then a x4 price increase 👇 Let's try to predict something now: 1️⃣ over the previous cycle, #PEPE price gained +2800% compared to other altcoins - this is a lot 2️⃣ for more than three months, the price has been squeezed in consolidation - someone is unloading their positions, but of course someone is buying #PEPE 3️⃣ on the info field, the excitement about memecoins on CRYPTOCAP:SOL has greatly decreased 4️⃣ a lot of retail buyers have bought #PEPE on the highs in anticipation of the next x10, but will they... 5️⃣ memecoins on CRYPTOCAP:TRX are starting to break into the info space (but we are not agitating to buy them, at least not now) Conclusions: ℹ️ when and if OKX:PEPEUSDT reaches $0.00001 (+30% of the current price), think about whether to keep the position in full or maybe it's time to fix it. ℹ️ below $0.000006 CRYPTOCAP:PEPE may be waiting for a total collapse
by P_S_trade
10
PEPE LONG BINANCE:PEPEUSDT Invalid if it breaks below the Aug 5th capitulation. Same playbook as the past two previous times it got sold off. Bears are noise. Chart says all. Good RR, good probabilities, easily manageable risk, and can accept both outcomes. Ignoring the chop and remaining patient. A large swing in one direction is followed by an opposite swing back. That is how markets play ball. Lots of liquidity resting above after taking out liquidity below. Has come into the golden zone and is currently sitting above the .5 level on 4H. Similar amount of time spent distributing at the top as it has been accumulating down here at the bottom. Once it breaks out it should be rapid as there is not a lot of volume done in between these ranges. I am expecting a push back into the previous sell off level.
Long
by bhx10
pepe → just buy and hold ithello guys. Pattern: The chart shows a potential "Three Drives" pattern forming, a bullish reversal pattern. First Two Drives: The first two drives have been completed, with the price bouncing off the trend lines. Current Position: Price is near the bottom line of the channel after a "hunting candle," suggesting a potential third drive. Outlook: If the pattern completes, a strong move to the upside toward the projected third drive target is possible. Summary Pattern: Developing "Three Drives" bullish reversal. Support: The price is near the bottom trend line. [* ]Potential Move: Anticipating a third drive upward. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
5
PEPE Long - Previous Support Buy In Conjunction With BTC Bounce🚀 Long Thesis: Why CRYPTOCAP:PEPE Could Be Poised for a Major Move CRYPTOCAP:PEPE , one of the strongest meme coins in the market, has dipped to a crucial support level that has historically held firm. If you zoom out on the daily and 4-hour charts, you'll see this support has been a solid floor in the past. Meanwhile, CRYPTOCAP:BTC has found strong support around the $58,000 level and is starting to show signs of life. Historically, CRYPTOCAP:PEPE has trended in the same direction as $BTC. Entering a long position here offers a well-defined risk-to-reward setup. With CRYPTOCAP:BTC potentially gearing up for a move towards $60k or higher, CRYPTOCAP:PEPE could follow suit, making this an attractive buy.
Long
by Willell1367
Do not miss the opportunity to buy PEPEAn internal pullback is underway from SW H to SW L. The green area is strong support, we expect price rejection from this area upwards. There is also a large liquidity pool under the candles that is expected to be swept soon. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark