{"id":641921,"date":"2024-09-14T17:00:36","date_gmt":"2024-09-14T17:00:36","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=641921"},"modified":"2024-09-14T11:27:05","modified_gmt":"2024-09-14T11:27:05","slug":"pepe-faces-potential-1-37-drop","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/pepe\/pepe-faces-potential-1-37-drop\/","title":{"rendered":"PEPE Faces Potential 5% Drop, Eyes Key Support Level\u00a0Retest"},"content":{"rendered":"

After a recent breakout, <\/span>PEPE<\/span><\/a> has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the <\/span>cryptocurrency<\/span><\/a>, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level.<\/span><\/p>\n

The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a renewed upward trend, and explore potential scenarios for its next move.<\/span><\/p>\n

Analyzing The Current Market Condition Of PEPE<\/strong><\/h2>\n

On the 4-hour chart, PEPE is currently trading above the 100-day Simple Moving Average (SMA), indicating a generally positive trend. However, the crypto asset is experiencing significant bearish <\/span>momentum<\/span><\/a> that could drive the price down toward the $0.00000766 level for a crucial retest.<\/span><\/p>\n

\"PEPE\"
PEPE trending above the 100-day SMA | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line is currently at 66%, moving down from the overbought zone toward the 50% threshold. This decline indicates increasing pessimistic momentum, suggesting a greater likelihood of PEPE approaching the $0.00000766 support level.<\/span><\/p>\n

Related Reading: PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support<\/a><\/div>\n

On the 4-hour chart, PEPE appears to be moving downward toward the $0.00000766 support level while approaching the 100-day SMA. Despite this short-term decline, the recent bullish market sentiment suggests that this drop may be temporary and could potentially lead to a rebound in the near future.<\/span><\/p>\n

\"PEPE\"
PEPE at risk of falling to $0.00000766 | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Finally, the 1-day RSI signal line, which has risen to 51%, is now declining towards the 50% level. The drop in the RSI indicates a <\/span>potential<\/span><\/a> upward momentum weakening, reinforcing the likelihood of a price retracement to the support level for further evaluation.<\/span><\/p>\n

Evaluating PEPE\u2019s Support Test: Can $0.00000766 Hold Firm?<\/strong><\/h2>\n

If $0.00000766 holds up against the selling pressure, it could indicate a potential rebound and a continuation of the upward trend toward the next resistance at $0.00001152. A successful breach of this resistance level might signal a stronger bullish move, paving the way for further price increases to even higher levels.<\/span><\/p>\n

Related Reading: Buying The Dip: PEPE Price Recovers 10% As Whales Load Their Bags<\/a><\/div>\n

However, if $0.00000766 fails to hold as support, it could lead to additional declines toward the $0.00000589 support level. Should PEPE fall below this level, it may move on to challenge the $0.00000398 range and beyond.<\/span><\/p>\n

Over the past 24 hours, PEPE traded around $0.00007822, reflecting a 6.93% increase. The cryptocurrency’s market capitalization has risen to over $3.2 billion, with trading volume surpassing $527 billion, indicating a 6.94% and 59.38% increase respectively in the past day.\u00a0<\/span><\/p>\n

\"PEPE\"
PEPE trading at $0.00000779 on the 1D chart | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a renewed upward trend, and explore potential scenarios for its next move. Analyzing The Current Market Condition Of PEPE On the 4-hour chart, PEPE is currently trading above the 100-day Simple Moving Average (SMA), indicating a generally positive trend. However, the crypto asset is experiencing significant bearish momentum that could drive the price down toward the $0.00000766 level for a crucial retest. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line is currently at 66%, moving down from the overbought zone toward the 50% threshold. This decline indicates increasing pessimistic momentum, suggesting a greater likelihood of PEPE approaching the $0.00000766 support level. Related Reading: PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support On the 4-hour chart, PEPE appears to be moving downward toward the $0.00000766 support level while approaching the 100-day SMA. Despite this short-term decline, the recent bullish market sentiment suggests that this drop may be temporary and could potentially lead to a rebound in the near future. Finally, the 1-day RSI signal line, which has risen to 51%, is now declining towards the 50% level. The drop in the RSI indicates a potential upward momentum weakening, reinforcing the likelihood of a price retracement to the support level for further evaluation. Evaluating PEPE\u2019s Support Test: Can $0.00000766 Hold Firm? If $0.00000766 holds up against the selling pressure, it could indicate a potential rebound and a continuation of the upward trend toward the next resistance at $0.00001152. A successful breach of this resistance level might signal a stronger bullish move, paving the way for further price increases to even higher levels. Related Reading: Buying The Dip: PEPE Price Recovers 10% As Whales Load Their Bags However, if $0.00000766 fails to hold as support, it could lead to additional declines toward the $0.00000589 support level. Should PEPE fall below this level, it may move on to challenge the $0.00000398 range and beyond. Over the past 24 hours, PEPE traded around $0.00007822, reflecting a 6.93% increase. The cryptocurrency’s market capitalization has risen to over $3.2 billion, with trading volume surpassing $527 billion, indicating a 6.94% and 59.38% increase respectively in the past day.\u00a0 Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":641922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88189],"tags":[88145,88190,88188,16393,14763,91599,85676],"class_list":["post-641921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pepe","tag-pepe","tag-pepeusd","tag-pepeusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nPEPE Faces Potential 5% Drop, Eyes Key Support Level\u00a0Retest<\/title>\n<meta name=\"description\" content=\"After a recent breakout, PEPE has 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/www.ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Faces Potential 5% Drop, Eyes Key Support Level\u00a0Retest","url":"http:\/\/www.ktsl888.com\/analysis\/pepe\/pepe-faces-potential-1-37-drop\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/analysis\/pepe\/pepe-faces-potential-1-37-drop\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/iStock-903036780.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/iStock-903036780.jpg?fit=2121%2C1414"},"articleSection":"PEPE","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["pepe","pepeusd","pepeusdt","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-09-14T17:00:36Z","datePublished":"2024-09-14T17:00:36Z","dateModified":"2024-09-14T17:00:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE Faces Potential 5% Drop, Eyes Key Support Level\\u00a0Retest\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/analysis\\\/pepe\\\/pepe-faces-potential-1-37-drop\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/analysis\\\/pepe\\\/pepe-faces-potential-1-37-drop\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/iStock-903036780.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/iStock-903036780.jpg?fit=2121%2C1414\"},\"articleSection\":\"PEPE\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"pepe\",\"pepeusd\",\"pepeusdt\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-09-14T17:00:36Z\",\"datePublished\":\"2024-09-14T17:00:36Z\",\"dateModified\":\"2024-09-14T17:00:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/iStock-903036780.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/641921"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=641921"}],"version-history":[{"count":3,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/641921\/revisions"}],"predecessor-version":[{"id":641931,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/641921\/revisions\/641931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/641922"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=641921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=641921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=641921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}