{"id":56929,"date":"2025-04-04T20:00:15","date_gmt":"2025-04-04T20:00:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56929"},"modified":"2025-04-04T20:00:15","modified_gmt":"2025-04-04T20:00:15","slug":"pepe-price-breaks-ascending-triangle-to-target-another-20-crash","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56929","title":{"rendered":"PEPE Price Breaks Ascending Triangle To Target Another 20% Crash"},"content":{"rendered":"

The PEPE price has taken a sudden bearish turn<\/a> after breaking out of an Ascending Triangle pattern. In light of this breakout, a crypto analyst has predicted that PEPE could face a massive 20% price crash if it fails to hold above a critical resistance level<\/a>.\u00a0<\/p>\n

Bears Threaten 20% Crash In PEPE Price<\/h2>\n

PEPE\u2019s price action has swiftly reversed<\/a> from bullish to bearish, marked by a negative Change of Character (CHoCH) following its breakout from an Ascending Triangle pattern<\/a>. Notably, PEPE\u2019s CHoCH is highlighted where the price broke below previous support, indicating a significant structural shift to the bearish zone as buyers lose momentum.\u00a0<\/p>\n

According to pseudonymous TradingView analyst \u2018MyCryptoParadise\u2019, bears could seize control of PEPE\u2019s price<\/a> as it approaches a crucial resistance zone at $0.000008. The analyst has suggested that if the meme coin fails to break above the resistance, it could result in a 20% crash to lower support levels.\u00a0<\/p>\n

The first minor support level at $0.0000065 is highlighted in the green line on the analyst\u2019s price chart. Should bearish momentum<\/a> persist, PEPE could drop further, trapping late buyers and extending its correction phase. The analyst has pinpointed a much deeper support zone at $0.0000055, serving as a crucial defense against a stronger price breakdown.\u00a0<\/p>\n

A major factor supporting PEPE\u2019s projected price crash<\/a> is the alignment of its key resistance level with several bearish elements. The TradingView analyst\u2019s price chart shows that PEPE\u2019s $0.000008 resistance coincides with a 200 Exponential Moving Average (EMA), <\/a>which acts as a dynamic resistance. The 200 EMA is often a reliable indicator of long-term trend shifts, and its overlap with the resistance adds strength to the bearish outlook.\u00a0<\/p>\n

The resistance also coincides with a Fair Value Gap (FVG)<\/a>, a region where liquidity has been left untested, suggesting that price could be drawn back to fill this gap. Lastly, PEPE\u2019s critical resistance level intersects with a Fibonacci Golden Zone, a key retracement level where price reversals often occur, further signaling the potential for a downturn.\u00a0<\/p>\n

Potential Breakout Scenario<\/h2>\n

While \u2018MyCryptoParadise\u2019 projects a 20% correction for the PEPE price, which is currently trading at $0.00000698, he also shared a possible bullish scenario<\/a> in which the meme coin surprises traders with an upward breakout. The TradingView analyst has projected that if PEPE manages to close a candle above the $0.000008 resistance, his bearish thesis could be completely invalidated.<\/p>\n

In this case, the market should anticipate a continuation of the uptrend<\/a>, with the next price target potentially reaching $0.0000085 and beyond. However, for bulls to break through this resistance level, strong volume and momentum are required. Given that Pepe\u2019s price is still in the red<\/a>, this bullish scenario seems like a less likely scenario for now.<\/p>","protected":false},"excerpt":{"rendered":"

The PEPE price has taken a sudden bearish turn after breaking out of an Ascending Triangle pattern. In light of this breakout, a crypto analyst has predicted that PEPE could face a massive 20% price crash if it fails to hold above a critical resistance level.\u00a0 Bears Threaten 20% Crash In PEPE Price PEPE\u2019s price […]<\/p>\n","protected":false},"author":0,"featured_media":56930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56929","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\/56929"}],"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=56929"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56930"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}