{"id":49949,"date":"2025-03-06T02:00:52","date_gmt":"2025-03-06T02:00:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49949"},"modified":"2025-03-06T02:00:52","modified_gmt":"2025-03-06T02:00:52","slug":"pepe-price-analyst-says-watch-this-level-to-trigger-400-move-toward-0-0001","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49949","title":{"rendered":"PEPE Price: Analyst Says Watch This Level To Trigger 400% Move Toward $0.0001"},"content":{"rendered":"

Meme coin PEPE <\/a>has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE<\/a>, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001. This outlook comes after a particularly challenging week<\/a> for the entire crypto market, during which PEPE extended its losses and dropped to its lowest price point in months.<\/p>\n

This Level To Trigger 400% Move For PEPE<\/h2>\n

Technical analysis shows that PEPE\u2019s upward trajectory hinges on a bounce <\/a>at support around $0.00000650. This interesting analysis was highlighted by a crypto analyst on the TradingView platform using the PEPE weekly candlestick timeframe chart.\u00a0<\/p>\n

This support level comes into play in light of PEPE\u2019s extended decline since the beginning of the year<\/a>. Interestingly, technical analysis shows that the decline looks like a repeating pattern of the meme coin\u2019s price action in 2024. The ongoing correction stems from PEPE\u2019s peak price of $0.00002803 in December 2024, which the analyst termed the third drive. Notably, earlier first and second drives in 2024 were also each accompanied by a correction phase after rallies.<\/p>\n

Interestingly, the meme coin has shown signs of life in the past 24 hours with a push above this support level and climbing into the $0.000007 range. However, the uptrend could not be defined yet, and the crypto analyst noted that any uptrend will depend on how PEPE reacts with a crucial resistance zone between $0.00001150 and $0.00001200.\u00a0<\/p>\n

This level has previously acted as support but has now turned into resistance. Therefore, a weekly close above this zone would confirm a bullish breakout and a potential trend reversal from bearish to bullish.<\/p>\n

Price Targets If The Meme Coin Breaks Above Resistance<\/h2>\n

A break above $0.00001200 would cement a breakout with more momentum for PEPE. Such a breakout would mark the first bullish catalyst in a while, confirm momentum, and lead to increased buy-side pressure with an aggressive upward move. From here, the next resistance levels are projected to be around $0.00001700 to $0.00002200. A move to $0.00002200 will most likely cascade into more momentum above its current all-time high of $0.00002803.\u00a0<\/p>\n

The analyst further predicted a <\/a>price target of $0.0001, provided the bullish momentum sustains itself. However, failure to close above the key resistance level at $0.00001200 could result in a continued downtrend, with PEPE possibly retesting lower support zones around $0.00000650 to $0.00000550.<\/p>\n

At the time of writing, PEPE is trading at $0.000007239, up by 4.4% in the past 24 hours. PEPE\u2019s ability to sustain such an upward trajectory would depend on broader market conditions <\/a>for Bitcoin and other large market cap cryptocurrencies.<\/p>","protected":false},"excerpt":{"rendered":"

Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a […]<\/p>\n","protected":false},"author":0,"featured_media":49950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49949"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49949"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49950"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}