COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: PEPE’s Price Chart Sounds the Alarm
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Meme Token > PEPE’s Price Chart Sounds the Alarm
Meme Token

PEPE’s Price Chart Sounds the Alarm

In Brief

  • Popular memecoin Pepe (PEPE) impressively recovered all its losses from the first half of the month by the end of the last week of September. Although PEPE gained a significant profit of 37.5%, with its price rising from $0.0000006 to $0.00000083, the price rally came to a halt after facing resistance at the $0.00000083 price […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Popular memecoin Pepe (PEPE) impressively recovered all its losses from the first half of the month by the end of the last week of September. Although PEPE gained a significant profit of 37.5%, with its price rising from $0.0000006 to $0.00000083, the price rally came to a halt after facing resistance at the $0.00000083 price level and the upper trend line of the channel formation.

Contents
PEPE’s Price Chart Sounds the AlarmPEPE, DOGE, and SHIB’s Price Performance

PEPE’s Price Chart Sounds the Alarm

On October 2nd, the price of PEPE rapidly pulled back from the resistance trend line of the channel formation. These candles, overshadowing the previous three days’ bullish candles, serve as a leading warning signal that the uptrend may reverse and a downtrend may begin.

As of the time of writing, PEPE is trading at $0.00000074, experiencing a 10.61% loss during the day and appears ready to follow a downward trajectory. If the price of the altcoin falls below the lowest level of October 2nd, which is $0.000000107, it will serve as an additional confirmation for the impending downtrend.

This situation could potentially trigger a 14% decline, resulting in a retest of the previous low level of $0.0000006. If selling pressure continues to increase, it may sustain the downtrend in the altcoin.

PEPE, DOGE, and SHIB’s Price Performance

When comparing the price movements of the top 3 memecoins, Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE over the past three months, it is noticeable that PEPE exhibits higher volatility than the others. While PEPE is in a consistent downtrend, both SHIB and DOGE show more sideways movements in their medium-term trends.

Furthermore, the flattening of PEPE’s Bollinger Bands indicates that the price may face an additional resistance level and struggle to rise under more challenging conditions. The Relative Strength Index (RSI) on the daily timeframe falling below the 60 level suggests that the potential for a further decline is becoming more likely.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

James Wynn’s Bold Moves Stir Crypto Market Controversy

Dive into the Volatile World of PEPE Coin and Discover Investors’ Unyielding Confidence!

Meme Coins Face Major Setbacks as Market Takes a Hit

Elon Musk Spurs Unprecedented KEKIUS Token Price Surge with Social Media Update

Pepe Coin Dominates the Market with Spectacular Gains

COINTURK NEWS 3 October, 2023 - 2:44 pm 3 October, 2023 - 2:44 pm
Share This Article
Facebook Twitter
Share
Previous Article Important Developments of the Upcoming Week Concern Cryptocurrencies
Next Article PEPE Coin: The Meme Coin That Could Make You a Crypto Millionaire
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cetus Community Takes Decisive Action Following Major Cyberattack
Cryptocurrency News
Cryptocurrency Prices Drop as Trump Targets AI Growth
Technical Analysis
NVIDIA Data Momentarily Halts BTC Price Drop
Cryptocurrency News
XRP Strategy Sparks Excitement with Bold New Initiative
Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?