Pepe (PEPE) gears up for a rally amid breakout from consolidation

by Giorgi Kostiuk

a year ago

Pepe (PEPE), known as a meme coin, has shown significant price increases following a period of consolidation alongside major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), breaking the resistance since December 2024.

Pepe (PEPE) Technical Analysis

According to CoinPedia, PEPE has broken out of a descending triangle pattern, paving the way for potential gains. If the current trend continues and PEPE closes above $0.000020, it could increase by 38% to reach $0.000027 soon.

Current Price Momentum

As of January 17, 2025, PEPE traded around $0.000020 after a significant price surge, sparking interest and confidence among traders and investors, resulting in a 30% increase in trading volume.

Bullish On-Chain Metrics

CoinGlass data indicates traders are optimistic, with significant long and short positions around the $0.000019 to $0.00002044 range, totaling $6.70 million in longs and $2.25 million in shorts.

Forecasts suggest Pepe (PEPE) may continue to rise due to technical and analytical factors, drawing increased attention from both investors and speculators.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Husky Inu HINU Experiences Recent Price Increase.

Husky Inu HINU has successfully completed its latest price increase during the prelaunch phase, with the token price rising from 0.000023931 to 0.000024023.

Andrew Smith9 minutes ago

NEXUS and Redlab Games Collaborate to Integrate ROM Golden Age into CROSS Blockchain

NEXUS collaborates with Redlab Games to integrate ROM Golden Age into the CROSS blockchain, enhancing the gaming landscape and empowering players.

Zainab Kamara9 minutes ago

Coinbase CEO Issues Strong Warning to Crypto Scammers

Brian Armstrong, the CEO of Coinbase, warns crypto scammers after a rise in fraud cases targeting customers, emphasizing that blockchain activities are not as anonymous as believed.

Son Min-ho9 minutes ago

Launch of ROMx Token to Support Player-Driven Economy on CROSS

The launch event on the CROSS platform has introduced the ROMx token, designed to ensure long-term stability and support a player-driven economy.

Jacob Williams9 minutes ago

Avalanche and BNB Strengthen Their Market Positions

Avalanche and BNB are strengthening their positions in the cryptocurrency market through strategic initiatives, with Avalanche seeing a 12% increase in trading and BNB climbing 12.9% due to its expanding utility.