Bitcoin

PepeCoin

Pepe Coin (PEPE) is trying to bounce back from a low of $0.00000588. The price may continue to recover and test the significant resistance level at $0.0000095.Pepe Coin’s price dropped significantly below the $0.0000110 support level and is now trading under a crucial triangle pattern with support at $0.0000095 on the daily chart. Although the price might recover from its losses, it could face challenges around the $0.0000095 level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/eb90425a1bd74c6f8cfa263a66a250a8.png" /><h3 id="pepe-coin-s-recovery-effort-faces-key-resistance-levels">Pepe Coin’s Recovery Effort Faces Key Resistance Levels</h3>In recent days, Pepe Coin (PEPE) has experienced a steady decline from the $0.0000132 resistance level, especially after Bitcoin and Ethereum dropped below $2,800 and $60,000 respectively. This downturn saw PEPE fall below the $0.0000110 support and the 50-day simple moving average.The price even dipped below the $0.0000080 support, eventually reaching a low of $0.00000587. Currently, PEPE is making an effort to recover from this low. It has moved above the $0.00000750 resistance zone and surpassed the 23.6% Fibonacci retracement level of the decline from the $0.0000132 high to the $0.00000587 low.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/535b2ea0164e49a787fdde4ad3e76db0.png" />Pepe coin price daily chart | Source: PEPE/USD on <a href="https://www.tradingview.com/symbols/PEPEUSD/" rel="noopener noreferrer nofollow">TradingView.com</a>However, several significant hurdles remain. The first key resistance is around $0.0000088, followed by the major resistance at $0.0000095, which is close to the 50% Fibonacci retracement level. A breakthrough above $0.0000095 could lead to further gains, with the next major <a href="https://cryptosheadlines.com/cardano-encounters-resistance-near-50-day-sma-on-daily-chart/" rel="noopener noreferrer nofollow">resistance near the 50-day</a> simple moving average at $0.0000105. A successful close above this level might drive the price toward $0.0000120.If PEPE manages to overcome these obstacles, the <a href="https://cryptosheadlines.com/ethereums-price-climbs-toward-4000-whats-driving-the-rally/" rel="noopener noreferrer nofollow">price could potentially climb toward</a> $0.0000132 and possibly surge to $0.0000150.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/eb90425a1bd74c6f8cfa263a66a250a8.png" /><h3 id="pepe-coin-faces-risks-if-key-resistance-is-not-cleared">Pepe Coin Faces Risks If Key Resistance Is Not Cleared</h3>If <a href="https://cryptosheadlines.com/pepe-coin-surpasses-btc-and-eth-in-trading-volume-8m-worth-locked/" rel="noopener noreferrer nofollow">Pepe Coin</a> (PEPE) fails to break through the $0.0000095 resistance zone, the price may start to decline again. Immediate support is found around $0.0000075, with the first major support level at $0.0000070.The main support is now near $0.00000588. A drop below this level could lead to a significant decline, with the next key support at $0.0000042 and potential further losses testing $0.0000035.<a href="https://cryptosheadlines.com/gamestop-and-kitty-themed-meme-coins-exploring-the-surge/" rel="noopener noreferrer nofollow">Also Read: Gamestop and Kitty-Themed Meme Coins: Exploring the Surge</a>Overall, PEPE is trying to recover above $0.0000080. If it manages to rise above $0.0000095 and $0.000010, the price could <a href="https://cryptosheadlines.com/hong-kong-real-estate-market-moves-towards-tokenization/" rel="noopener noreferrer nofollow">move towards</a> $0.0000120.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/791c1b81c17642febfbdbd4d1c287d25.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>Join our official TG Channel: <a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">https://t.me/CryptosHeadlines</a>

Can Pepe Coin Bulls Overcome Key Resistance?

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