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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?
在过去的两周里,以青蛙为主题的 memecoin PEPE 一直在横向波动,努力维持在 0.0000086 美元的阻力位之上。大多数主要山寨币都出现了类似的整合,比特币价格波动在 70000 美元左右。然而,前期盘整可能会影响这种行为,使比特币价格在事件加剧波动时保持稳定。 PEPE 价格是否会超越这种不确定性,重新回到 0.00001 美元大关?
Also Read: Pepe Price Forecast: Is $0.0001 Imminent Following Whale Signals and Positive Momentum?
另请阅读:Pepe 价格预测:在鲸鱼信号和积极势头之后,0.0001 美元即将到来吗?
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.
上升三角形形态预示着未来进一步上涨Pepe Coin 价格| Coingape 3 月 19 日,Pepe 币价格从 50% 回撤位和 0.00000582 美元支撑位的联合支撑修正中反弹。这一逆转使 meme 币的价值在过去两周内上涨了 47%,挑战了 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.
在当前的市场整合中,PEPE 价格多次尝试突破上方障碍,但均以失败告终,长烛线拒绝蜡烛就是明证。尽管供应量很大,但代币价格仍形成了一种众所周知的看涨持续模式,称为上升三角形。
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.
该结构中较高的低点表明买家正在逐渐加强对该资产的控制,推动关键颈线阻力的决定性突破。 PEPE 价格盘中上涨 8%,突破 0.0000086 美元关口,目前交易价格为 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.
维持这一突破将加速看涨势头,并使 Pepe 价格飙升 22%,重新挑战 0.0000108 美元。突破这一障碍将更好地确认持续复苏。
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,三角形形态的上升趋势线完好无损,可能成为当前复苏的动态支撑。然而,失去这种支持可能会导致该资产出现显着调整。
Technical Indicator
技术指标
- 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指标:布林带指标的扩张表明短期趋势正在进入动能,是突破买家的合适机会。相对强弱指标:每日RSI斜率超过60%,凸显了市场参与者的看涨情绪。
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