Rally

PEPE

PEPE, one of the top-performing memecoins, is currently navigating a crucial phase in its recovery journey. After experiencing a significant decline of over 40% between late July and early August, PEPE has bounced back, gaining 17% between the 6th and 7th of August. This recovery, however, faces a critical test as it approaches a key resistance level.
The resistant level around $0.0000905 poses a significant obstacle to further gains, acting as a confluence of resistance factors. This area marks the 61.8% Fibonacci retracement level, which coincides with a breaker block on the daily chart. For PEPE to extend its rally, it must overcome this resistance, a challenge compounded by weak readings on key technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF). Amidst this development, Pawfury (PAW) is emerging as a presale project that’s capturing the attention of savvy investors. With its promise of high returns and seemingly predictable patterns, Pawfury stands out in the volatile crypto landscape, offering a refreshing alternative to established tokens. Pawfury (PAW) – The Next Generation Cryptocurrency
Designed to reward early participants through incremental price increases. Pawfury (PAW) is positioning itself as a standout choice for investors seeking high returns in a competitive market.
<img fetchpriority="high" decoding="async" class=" wp-image-786379 aligncenter" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100049.909-300x70.png" alt="" width="600" height="140" srcset="//www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100049.909-300x70.png 300w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100049.909-150x35.png 150w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100049.909-450x105.png 450w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100049.909.png 512w" sizes="(max-width: 600px) 100vw, 600px">
 <a href="http://www.pawfury.com/?utm_source=cryptonewsflash&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=cnf_op_d" target="_blank" rel="noopener noreferrer nofollow">Presale is Live Now – Join Now for a Chance to Benefit with PAW</a>
<h3 id="b-pepe-s-rally-potential-what-s-next-b">PEPE’s Rally Potential: What’s Next?</h3>
Should PEPE clear the $0.0000905 resistance, it could open the door to a substantial rally, potentially pushing prices up by as much as 33%. However, this potential upside is heavily dependent on broader market conditions, particularly Bitcoin’s performance. If Bitcoin continues its upward trend, it could provide the necessary tailwind for PEPE to break through its current obstacles. 
<figure id="attachment_786387" aria-describedby="caption-attachment-786387" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-786387" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100403.565-300x139.png" alt="" width="600" height="278" srcset="//www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100403.565-300x139.png 300w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100403.565-150x70.png 150w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100403.565-450x209.png 450w, //www.crypto-news-flash.com/wp-content/uploads/2024/08/unnamed-2024-08-12T100403.565.png 512w" sizes="(max-width: 600px) 100vw, 600px">
 <figcaption id="caption-attachment-786387" class="wp-caption-text">
 PEPE Chart, Trading View
 </figcaption>
</figure>
– PEPE Chart Analysis: The critical resistance level at $0.0000905 is clearly visible on the daily chart, with the 61.8% Fibonacci retracement adding further significance.
– Market Indicators: Graphs showcasing the RSI and CMF trends highlight the challenges PEPE faces as it nears resistance.
<h3 id="b-conclusion-pepe-s-outlook-b">Conclusion: PEPE’s Outlook&nbsp;</h3>
As PEPE navigates its recovery with the $0.00009 resistance in sight, the broader cryptocurrency market remains a dynamic space full of emerging opportunities. While PEPE’s immediate future hinges on overcoming technical challenges, new entrants like Pawfury (PAW) are capturing investor interest with innovative approaches and strong growth potential. Pawfury investors can now enjoy a <a href="http://www.pawfury.com/?utm_source=cryptonewsflash&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=cnf_op_d" target="_blank" rel="noopener noreferrer nofollow">10% extra bonus</a> on their first purchase on Pawfury using the promo code “PAW10X” for a limited time.

Can PEPE Really Rally 33% This August?

Table of Contents

Crypto News Flash

Other articles published on Aug 12, 2024

Binance to Switch Bitcoin Gold (BTG) & Monero (XMR) to USDC

Exclusive: Inside Trump Jr.’s Plan to Overhaul Finance with Blockchain — Banks Beware!

Are Altcoins Gaining Traction Amidst Bitcoin’s Selling Pressure?

BlackRock Issues Urgent Warning Over Rising Crypto Scams Targeting ETF Investors

Bitcoin Enters Bull Flag Pattern Following Fourth Halving, Analyst Notes Hyper-Bullish Potential

Grayscale Expands Crypto Offerings with Bittensor and Sui

Join our free newsletter for daily crypto updates!