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Cryptocurrency News Articles
PEPE Hints at a Bullish Surge with Elliott Wave Patterns Aligning and Liquidations Hitting $4.32M
Feb 01, 2025 at 04:35 pm
Elliott Wave theory applies to the PEPE market because current early-wave signals demonstrate previous price movement patterns.
PEPE price hints at a bullish breakout after a rebound from key support, but short positions dominate liquidations.
Pepe price showed signs of recovery on February 27, 2023, as the token encountered a crucial support level after a downturn in the earlier part of the week.
The meme token experienced a price rally of over 100% during the first quarter of 2023, reaching a high of $0.00009. After hitting this peak, PEPE encountered a sell-off pressure that pushed the token down to a low of $0.000011435.
Pepe price attempts to break out from a crucial support zone.
Pepe price showed signs of recovery on Monday as the token encountered a crucial support level after a downturn in the earlier part of the week. The meme token experienced a price rally of over 100% in Q1 2023, reaching a high of $0.00009. After hitting this peak, PEPE encountered sell-off pressure that pushed the token down to a low of $0.000011435.
Now, as PEPE price attempts to break out from this support zone, a confirmation from technical indicators is needed to assess the market direction.
Pepe price dropped by over 80% from its peak.
Pepe price encountered a 82% price drop from its peak to its lowest price point in February 2023. After hitting a low of $0.000011435, the token began to show signs of recovery from a crucial support zone.
A confirmation from technical indicators is needed to assess the market direction as PEPE price attempts to break out from this support zone.
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