Lokesh Gupta
12-02-2024
Frog-themed token Pepe surged by 15.50% over the last seven days, correlating with Bitcoin's rise above the $48,000 level, indicating a reversal from a month-long downtrend.
The price of Pepe has been consistently declining on the daily chart for the past two months.
A deeper analysis of the daily timeframe chart reveals that Pepe's price correction is confined within a falling channel pattern.
According to Coingabbar Price Analysis, If the observed pattern persists, it suggests that Pepe's price might move upwards towards the neckline resistance positioned at $0.00000162, potentially resulting in a gain of nearly 50%.
KEY LEVELS :
RESISTANCE LEVEL : $0.000001200-$0.000001500
SUPPORT LEVEL : $0.000000850-$0.000000600
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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