Pepe

PEPE

<p>Pepe’s current momentum from the market shows<a href="https://www.thecoinrepublic.com/2024/11/08/solana-sol-eyes-key-resistance-level-for-potential-breakout-to-202-analyst/"> rising confidence</a> from the traders, as the funding rate has been the highest it’s been since June and a stable support level at $0.00000840. Analysts predict a 200% rally for PEPE price.</p> 
<h2 class="wp-block-heading" id="h-pepe-price-and-momentum-indicators-pave-way-a-rally"><strong>PEPE price and Momentum Indicators Pave Way a Rally</strong></h2> 
<p>Per the daily chart, Pepe is strong as it rebounds from 0.0000084 support. In the past, this price level has served as a very strong support zone, and&nbsp;<a href="https://docs.google.com/document/d/1MD5PTQM9nwBk4uB1IHZvVYZSLanbhCkeGvq6RDmahqY/edit?usp=sharing">Pepe</a>&nbsp;proved to be stable here against movement of the market. After this bounce, Pepe is looking towards minor resistance at 0.000012, with a possible upside 48% target of 0.000018</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-1024x472.png" alt="PEPE price | Source: Tradingview" class="wp-image-818640" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-150x69.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-696x321.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1-1068x493.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-28-1.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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  PEPE price | Source: Tradingview
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<p>The Money Flow Index (MFI) at 54.98 shows a balanced flow of capital, neither overbought nor oversold, and still has room to go up. The Accumulation/Distribution indicator also shows that there is a steady accumulation trend, which can be a source of funds for the price to move up.</p> 
<h2 class="wp-block-heading" id="h-pepe-price-set-to-surge-bullish-pattern-hints-at-potential-200-rally"><strong>PEPE Price Set to Surge? Bullish Pattern Hints at Potential 200% Rally</strong></h2> 
<p>Crypto analyst World Of Charts has spotted a possible bullish opportunity based on the recent price consolidation crypto showed within a very close range. This has been seen before, which is commonly referred to as a bullish pennant, and Pepe may be starting to gain momentum for a breakout. </p> 
<p>These consolidation phases usually signal indecision or buildup of buying power, and a break above the current range may signal an area for a stronger uptrend.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/WorldOfCharts1/status/1854503121797702067 
 </div>
</figure> 
<p>After getting a breakout, PEPE price aims for 200% gains. If the breakout occurs, it could initiate a very sharp rally, providing traders with a place to enter on high returns. A break of the pennant pattern would be consistent with a wider trend of recovery and add to bullish sentiment in the market.</p> 
<h2 class="wp-block-heading" id="h-pepe-funding-rate-hits-0-05-highest-since-june-signaling-bullish-shift"><strong>PEPE Funding Rate Hits 0.05%, Highest Since June, Signaling Bullish Shift</strong></h2> 
<p>The Pepe OI-Weighted funding rate indicator shows that traders are feeling quite undecided. The green areas indicate a positive funding rate and a bullish sentiment; the red areas indicate a negative funding rate, a bearish sentiment, and a short-paying long (positive rates).</p> 
<p>Funding rates have alternated frequently over the last couple of months. But the funding rate climbed to 0.05% on November 7, the highest since June, indicating a sharp rise in long interest.</p> 
<p>As more people put money into it, the funding rate spiked up around the time of a price rise from $0.00000080 to $0.0000107, signifying a lot of bullish sentiment as more people throw money into this, thinking that it will get even more. </p> 
<p>Once again, the highest funding rate since June suggests confidence for Pepe to make a short-term rally, which could imply that market sentiment has shifted towards a more hopeful direction.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/08/pepe-holds-above-0-0000084-bulls-to-propel-a-pepe-price-rally/">Pepe Holds Above $0.0000084: Bulls to Propel a PEPE Price Rally?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Pepe Holds Above $0.0000084: Bulls to Propel a PEPE Price Rally?

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