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Over the past two weeks, PEPE, the Frog-themed memecoin is wavering sideways struggling to sustain above the $0.0000086 resistance. Such similar consolidation in most major altcoins follows the lead of Bitcoin price fluctuation around $70000. However, the pre-having consolidation likely influences this behavior, allowing the BTC price to stabilize as the event heightens volatility. Will the PEPE price surpass this uncertainty to regain the $0.00001 mark?
在過去的兩周里,以青蛙為主題的 memecoin PEPE 一直在橫向波動,努力維持在 0.0000086 美元的阻力位之上。大多數主要山寨幣都出現了類似的整合,比特幣價格波動在 70,000 美元左右。然而,前期盤整可能會影響這種行為,使比特幣價格在事件加劇波動時保持穩定。 PEPE 價格是否會超越這種不確定性,重新回到 0.00001 美元大關?
Also Read: Pepe Price Forecast: Is $0.0001 Imminent Following Whale Signals and Positive Momentum?
另請閱讀:Pepe 價格預測:在鯨魚信號和積極勢頭之後,0.0001 美元即將到來嗎?
Ascending Triangle Pattern Signals Further Gains Ahead
On March 19th, the Pepe coin price rebounded from its correction from the combined support of 50% retracement and $0.00000582 support. The reversal uplifted the meme coin value by 47% in the last two weeks to challenge the horizontal resistance of $0.0000086.
上升三角形形態預示未來進一步上漲Pepe Coin 價格| Coingape 3 月 19 日,Pepe 幣價格從 50% 回檔位和 0.00000582 美元支撐位的聯合支撐修正中反彈。這一逆轉使 meme 幣的價值在過去兩週內上漲了 47%,挑戰了 0.0000086 美元的水平阻力位。
Amid the current market consolidation, the PEPE price showcased several failed attempts to surpass the overhead barrier evidenced by the long-wick rejection candle. Despite the overhead supply, the coin price develops a well-known bullish continuation pattern called an ascending triangle.
在目前的市場整合中,PEPE 價格多次嘗試突破上方障礙,但都以失敗告終,長燭線拒絕蠟燭就是明證。儘管供應量很大,但代幣價格仍形成了一種眾所周知的看漲持續模式,稱為上升三角形。
The higher low formation in this structure indicates the buyers are gradually strengthening their grip over this asset, promoting a decisive breakout from key neckline resistance. With an intraday gain of 8%, the PEPE price breaks above the $0.0000086 barrier and currently trades at $0.0000088.
該結構中較高的低點表明買家正在逐漸加強對該資產的控制,推動關鍵頸線阻力的決定性突破。 PEPE 價格盤中上漲 8%,突破 0.0000086 美元關口,目前交易價格為 0.0000088 美元。
Sustaining this breakout will accelerate the bullish momentum and set the Pepe price on a 22% surge to rechallenge the $0.0000108. A break above this barrier will get better confirmation of continued recovery.
維持這一突破將加速看漲勢頭,並使 Pepe 價格飆升 22%,重新挑戰 0.0000108 美元。突破這一障礙將更能確認持續復甦。
On a contrary note, the ascending trendline of the triangle pattern is intact and may act as dynamic support for the current recovery. However, losing this support may bring a notable correction in this asset.
相反,三角形形態的上升趨勢線完好無損,可能成為目前復甦的動態支撐。然而,失去這種支持可能會導致該資產顯著調整。
Technical Indicator
技術指標
- BB Indicator: The expansion of the Bollinger Band indicator indicates the short-term trend is entering momentum, a suitable opportunity for breakout buyers.
- Relative Strength Index: The daily RSI slope above 60% highlighted a bullish sentiment among market participants.
BB指標:布林通道指標的擴張顯示短期趨勢正在進入動能,是突破買家的合適機會。相對強弱指標:每日RSI斜率超過60%,凸顯了市場參與者的看漲情緒。
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