Lokesh Gupta
22-04-2024
#Pepe coin saw a notable downturn beginning in mid-March, plunging sharply from its high point of $0.0000108.
This downward movement broke through multiple support levels and dropped below the 50-day exponential moving average (EMA), resulting in a 65% decrease to $0.000003820.
Despite the decline, a bullish recovery occurred within the channel, leading to a 31% increase over 5 days, suggesting a potential breakout in the near future.
The observed trend aligns with broader market sentiment, evident from the falling channel pattern.
The current Pepe price shows signs of preparing to breach the channel trendline.
A bullish breakout above the overhead resistance trendline could signal a reversal in trend polarity, potentially driving the price above $0.0000108 by the end of the month.
As per Coingabbar Price prediction, Conversely, failure to breach the overhead trendline may lead to a retest of the lower trendline near $0.000003820.
KEY LEVELS :
RESISTANCE LEVEL : $0.000008000-$0.000010000
SUPPORT LEVEL : $0.000004500-$0.000002500
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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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