{"id":3301,"date":"2025-03-06T05:11:09","date_gmt":"2025-03-06T05:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/pepe-price-analyst-says-watch-this-level-to-trigger-400-move-toward-0-0001\/"},"modified":"2025-03-06T05:11:09","modified_gmt":"2025-03-06T05:11:09","slug":"pepe-price-analyst-says-watch-this-level-to-trigger-400-move-toward-0-0001","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/pepe-price-analyst-says-watch-this-level-to-trigger-400-move-toward-0-0001\/","title":{"rendered":"PEPE Price: Analyst Says Watch This Level To Trigger 400% Move Toward $0.0001"},"content":{"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 particularly challenging week 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’s upward trajectory hinges on a bounce 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’s extended decline since the beginning of the year. 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’s 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

\"PEPE\"<\/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 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 for Bitcoin and other large market cap cryptocurrencies.<\/p>\n

\"PEPE\"<\/p>\n","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 particularly challenging week for the entire crypto market, during which PEPE extended its losses…<\/p>\n","protected":false},"author":1,"featured_media":3302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[878],"tags":[158,555,888,889,890,891,892],"class_list":["post-3301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pepe","tag-meme-coin","tag-pepe","tag-pepe-coin","tag-pepe-news","tag-pepe-price","tag-pepeusd","tag-pepeusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3301"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3302"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}