Pepe Coin (PEPE) Price Prediction as Market Activity Drops

Pepe coin price has been fluctuating over the past few days, with market activity falling drastically as noticed at the time of writing.

Pepe coin price has been fluctuating over the past few days, with market activity falling drastically as noticed at the time of writing.

However, hope remains alive as the meme coin is expected to perform well and is also predicted to hit $0.1

After recently displaying a rally of 37%, the meme coin gained 0.19%, and was trading at $0.000…7062.

While earlier rallies displayed chances for breaking through the resistance created by horizontal and descending trendline barriers.

System analysis indicates that Pepe will rise by 30-35% if it succeeds in breaching its trendline resistance barriers.

Pepe Coin Technical Analysis and Market Outlook

Pepe faces resistance at the horizontal and descending trendlines.

According to Worldofcharts’ four-hour TradingView data, Pepe has experienced sustained price descents over the past several months, which have created lower highs.

Analysis indicates Pepe might be starting a bullish trend after it began its efforts to rise above its current downtrend.

The most recent market fluctuation shows rising trendlines as Pepe faces resistance.

Price intervention at $0.0000695 demonstrates market support since Pepe has maintained constant rebounds from this position.

If the price surpasses its present resistance at $0.000072, it will initiate a new bullish pattern.

Charts from other analysts suggest that the price finds a big support level at $0.00000507 by Fibonacii.

$0.00002072 sets the first target for an upward movement up, while a more ambitious second target is $0.00002789.

These targets derive from the assumption that the zone of support will not only constitute an area that holds but that it will trigger a strong buying response, driving the price upwards.

Or, if the support at the Fibonacci level does not hold in a bear case, there remains a risk of an additional drop.

Such a downward move will imply that the market has not turned around its bearish scenario.

This could see prices test at lower prices before any recovery. Its trading volume showed a drawdown of over 38% at $593.62 million.

Market cap is $2.97 billion after a 0.19% rise. The volume-to-market ratio has reached 20.09%.

Pepe Currently at Previous Support Zones

Pepe is currently facing support between $0.000006 and $0.000008. This comes as the meme coin moves within a downward channel on the daily charts.

Should the meme coin fail to hold the support, we could see a drop further down to find new support.

On the other hand, should the support hold, we could see Pepe jump back towards $0.000028 before facing previous resistance.

The Money Flow Index (MFI) value stands at 40.66, which shows that market forces are currently balanced.

The guiding indicator suggests potential rising buying intent, which may produce upward breakthrough resistance levels.

Should Pepe uphold its technical reversal confirmation through an upward breakout against its descending trendline and horizontal resistance, the market will experience increased buying pressure from investors.

This could show that the meme coin hit the predicted 30-35% market rebound, which would correct its trading position.