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Pepe Coin (PEPE)

Pepe Coin Price Proclaims Major Recovery Amid 75% Surge In Open Interest

Published

4 months ago

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The majority of major cryptocurrencies showcased notable growth since last week following Bitcoin’s rally to $67000. Surprisingly, the Frog-themed Meme cryptocurrencies PEPE remained sluggish even though this asset class is known as a fast mover in the market. The alternate green and red candles in the daily chart hint lack of initiation from traders, but the formation of a bullish pennant keeps the hope bulls intact. Will Pepe Coin price hold $0.00001 floor?

PEPE Coin Price Aims 40% Surge Amid Pennant Formation

BINANCE:PEPEUSDT Chart BINANCE:PEPEUSDT Chart
PEPE Coin Price| Tradingview

Amid the July market recovery, the PEPE coin price managed to bottom its last correction at $0.00000763. Interestingly, this horizontal support witnessed additional support from 200D EMA and the lower boundary of the channel pattern.

The resulting reversal pushed the 68% within two weeks to hit a high of $0.000013. Mirroring this price recovery, the Futures Open Interest in Pepe Coin saw a significant increase, rising from $83.6 million to $146.75 million—a 75% jump. This substantial growth suggests increased trader activity and a bullish sentiment towards Pepe Coin’s future market prospects.

PEPE Futures Open InterestPEPE Futures Open Interest
PEPE Futures Open Interest| Coinglass

On July 16th, the PEPE coin price breached the channel resistance to restore a high momentum recovery. However, this Frog-themed memecoin has been trading sideways since then despite favorable market conditions.

The consolidation suggests a lack of conviction from buyers and also a pivotal momentum for PEPE traders.

An analysis of the 4-hour chart shows this sideways move as a bullish pennant formation. In theory, this setup hints at a temporary pullback before buyers regain strength for the next leap.

BINANCE:PEPEUSDT Chart Image by sahilmahadik07BINANCE:PEPEUSDT Chart Image by sahilmahadik07

Thus, the 4-hr chase breakout from the resistance trendline will accelerate the bullish momentum and bolster buyers for a 40% surge to target $0.0000017.

On a contrary note, the bearish breakdown from the pennant will also fail the prior channel breakout too, strengthening the seller’s prospect of asset fresh correction, The potential breakdown will push the asset back to the multi-month support of $0.00000763.

Technical Indicator

  • BB Indicator: The upswing in the upper boundary of the Bollinger Band indicator suggests the buyers hold a firm grip over this asset.
  • RSI: The daily Relative Strength Index slope wavering at 54% hints at a neutral to bullish sentiment among market participants.

Frequently Asked Questions (FAQs)

Futures Open Interest refers to the total number of outstanding futures contracts that have not been settled. It is a measure of market activity and trader engagement.

If the pennant pattern identification is correct, the PEPE price holds a high possibility of resuming its recovery trend and staying above $0.00001.

bullish pennant formation is a technical analysis pattern that appears after a strong price movement. It consists of a short period of consolidation within converging trendlines, resembling a small symmetrical triangle.

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Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Top 5 Ethereum Tokens to Buy to Turn $1K to $1M in November

Published

6 days ago

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November 14, 2024

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The cryptocurrency market is heating this November, spotlighting promising Ethereum tokens to buy for potentially monumental returns. Several tokens are drawing significant interest due to recent price surges, with investors eager to turn a modest $1k to $1M investment into substantial gains amid a strong market upswing.

Top 5 Ethereum Tokens to Buy This Month for Huge Returns

The crypto market shines optimistically as Bitcoin reaches an all-time high of $90K, while Ethereum surpasses $3,100. Investors are eyeing top Ethereum-based tokens, seeking substantial gains. Here are the top 5 tokens worth considering this month.

Pepe (PEPE)

Pepe (PEPE), a popular meme crypto on Ethereum, has captured attention with a massive 1882% surge over the past year. The latest PEPE price is at $0.00002255. It showed impressive gains this November, reaching an all-time high on November 14. This achievement places it among the top five Ethereum tokens to buy, poised to transform $1,000 into $1 million this month. 

Bullish momentum reminiscent of May’s highs has traders eager, especially with potential gains rotating from Dogecoin (DOGE). Anticipation of a Coinbase listing could propel PEPE further, with its market cap briefly touching $10 billion after a 75% single-day surge.

Aureal One

Aureal One has launched its much-anticipated cryptocurrency presale, drawing significant investor attention with its pioneering metaverse platform. Combining blockchain technology with immersive virtual experiences, Aureal One creates a seamless blend of gaming, the metaverse, and real-life applications within a single ecosystem.

 At the heart of its platform are two innovative projects, DarkLume and Clash of Tiles, which leverage the Aureal One Blockchain’s advanced features to offer dynamic, interactive experiences. This venture promises to foster growth, connectivity, and meaningful engagement in the metaverse, positioning Aureal One as an appealing choice for investors in the expanding realms of virtual reality and blockchain technology.

AurealOneAurealOne
AurealOne

Shiba Inu (SHIB)

Shiba Inu (SHIB), an Ethereum-based cryptocurrency, has made remarkable strides in decentralized finance. Over the past year, the SHIB price has risen by 204%, now trading at $0.00002512. This impressive growth stems from increasing trading volumes, strategic token burns, and the launch of Shibarium, a layer-2 blockchain solution. 

Recent data shows that in the last 24 hours, 7.46 million tokens were burned, reflecting a 42.16% drop. Weekly burns reached 626 million tokens, down by 89.14%. These developments highlight SHIB’s potential for substantial gains, positioning it as an appealing choice for investors seeking high returns.

Render (RNDR) 

Render (RNDR) is transforming digital content creation with its decentralized network, enabling GPU owners with unused capacity to support those needing rendering services. Powered by OctaneRender, the platform has experienced remarkable growth, with RNDR’s price surging by 210% this year, reaching $6.92. 

This significant rise places Render among the top Ethereum tokens to watch for potentially substantial returns. If the bullish trend continues, Render could soon surpass $7 and possibly reach $8 or even $10, promising strong momentum in the near term for investors.

Top 5 Ethereum Tokens to Buy to Turn $1K to $1M in NovemberTop 5 Ethereum Tokens to Buy to Turn $1K to $1M in November
Render Price Chart: TradingView

Arbitrum (ARB)

Arbitrum (ARB), a leading Layer 2 solution, enhances Ethereum’s performance by using optimistic rollups, boosting transaction speeds, and lowering costs. Leveraging Ethereum’s robust security framework, ARB offers efficiency gains, making it a promising Ethereum token to buy. 

The ARB price has recently climbed by 3%, reaching $0.5986, highlighting its growing appeal among Ethereum-linked investments. ARB has joined the Top 5 Ethereum Tokens to Buy, with $1,000 potentially turning into $1 million this November. The platform’s Total Value Locked (TVL) is also increasing, signaling a promising trajectory for Arbitrum in the digital currency space.

Top 5 Ethereum Tokens to Buy to Turn $1K to $1M in NovemberTop 5 Ethereum Tokens to Buy to Turn $1K to $1M in November
Source- DeFiLIama

Ethereum tokens to buy in November have captured investor interest due to strong bullish trends and high-return potential. This trend signals promising opportunities for those aiming to amplify their investments, making Ethereum tokens an appealing choice in the quest to turn $1K into $1M.

Frequently Asked Questions (FAQs)

Aureal One merges gaming, the metaverse, and real-life applications, offering innovative experiences through its platform.

SHIB has risen by 204% in the past year, with strategic token burns and Shibarium’s launch driving its popularity.

Render enables a decentralized GPU network for digital content creation, making it highly attractive for investors as its price has surged by 210%.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pepe Coin Price Poised for 30% Upswing in Bullish Rally

Published

1 week ago

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November 11, 2024

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Pepe (PEPE) price, a major meme coin, recently experienced a strong price surge, mirroring a broader cryptocurrency market rally. This increase reflects growing bullish sentiment, with investors showing confidence in further gains. Analysts expect continued momentum for altcoins, driven by a generally positive crypto market outlook. Pepe aims for a potential 30% increase as optimism rises across the sector.

Pepe Coin Price Eyes Major Gains with 30% Bullish Potential

Crypto analysts predict that Pepe Coin could soon see significant gains, with a bullish outlook suggesting a 30% potential increase. The meme coin, appears set to venture into uncharted price territory.

Market trends and indicators signal a strong upward trajectory for Pepe Coin as it prepares to break previous resistance levels. Many investors are watching closely, anticipating the meme coin’s move toward “outer space” in the crypto landscape.

The next few weeks may reveal if Pepe Coin’s bullish trend will hold as excitement grows in the broader crypto community.

Pepe Price Sees Modest Gains Amid Volatility

Over the past week, the meme coin has shown slight upward momentum. The latest PEPE price is at $0.00001287, with a modest 3% increase within the day. The cryptocurrency’s recent performance indicates volatility, with a daily low of $0.00001148 and a high of $0.00001309, reflecting the market’s mixed sentiment.

Despite the recent gains, Pepe’s price remains significantly below its all-time high of $0.00001718, recorded on May 27, 2024. This marks a drop of around 30% from its peak value. On the other hand, Pepe’s all-time low of $0.000002764, registered on April 17, 2023, suggests a substantial growth potential, showing over 45,600% appreciation since its inception.

Will PEPE Hit ATH in This Bullish Run?

Today, Bitcoin surged to an all-time high of $85,000, fueling global investor enthusiasm. Altcoins followed suit, experiencing significant gains. This unprecedented crypto market rally has strengthened investor confidence as digital assets witness remarkable market growth, reaffirming optimism in cryptocurrency investments.

The whale transaction count in PEPE has surged, crossing 244 transactions involving over $100,000. This spike coincides with rising PEPE prices, hitting a new level. Increased whale activity suggests heightened interest, potentially signaling further market momentum. Elevated transaction volumes may attract additional investors, making PEPE’s market movements more volatile.

Pepe Coin Price Poised for 30% Upswing in Bullish RallyPepe Coin Price Poised for 30% Upswing in Bullish Rally
Source- Santiment

Ethereum-based token PEPE has experienced impressive growth recently, showing a steady upward trend. If this bullish momentum holds and key resistance remains intact, analysts predict PEPE could soon reach price targets near $0.00001718, marking a potential 30% surge. The Relative Strength Index (RSI) indicates 71, marking an overbought condition. 

Pepe Coin Price Poised for 30% Upswing in Bullish RallyPepe Coin Price Poised for 30% Upswing in Bullish Rally
Pepe Coin Price Chart: TradingView

Pepe Coin Price shows strong bullish potential, driven by rising investor confidence and market momentum. Analysts foresee a 30% surge if key resistance levels hold. Whale activity boosts optimism, while market conditions support further gains.

Frequently Asked Questions (FAQs)

Investor optimism, whale activity, and a strong crypto market rally.

Analysts suggest it may approach previous highs if momentum holds.

It has risen over 45,600% from its all-time low in April 2023

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pepe Coin (PEPE)

Analyst Forecast Final Dip For Pepe Coin Price Before 30% Surge

Published

3 weeks ago

on

October 29, 2024

By


During Tuesday’s trading session, the crypto market saw substantial inflows as Bitcoin surged past the critical $70,000 level. Amid this renewed momentum, the meme coin sector, known for its volatility, displayed notable moves. In particular, the frog-themed meme coin jumped 3.7%, testing a four-month resistance. However, analysts suggest a final dip in Pepe coin price may occur before a major rally unfolds.

Pepe Coin Price Poised for Final Dip Ahead of Projected 30% Rally

In a recent tweet, market analyst CryptoDoc highlights the Pepe coin price resonating mainly within two converging trendlines of the daily chart. This consolidation reveals the formation of a bullish continuation pattern called a symmetrical triangle pattern. 

Theoretically, the converging trendlines provide a temporary break for the prevailing trend to build its momentum before the next. In the last four days, the Pepe price rebounded from the pattern’s support trendline at $0.0000084 to $0.00000852, registering a 13% jump. Consequently, Pepe’s market cap surged to $4.01 billion.

Despite the bullish trajectory, the analyst predicts a small retest or final dip to the green zone support, coinciding with the pattern’s lower trendline.

If history repeats, the bottom support should replenish the bullish momentum for the PEPE price and push it to nearly 17% to challenge the overhead resistance. A successful flip of this overhead trendline into potential support could push the asset to $0.000012, registering an almost 30% growth.

PEPE pricePEPE price
CryptoDoc

Check out the article on top meme coins to buy for a detailed analysis.

Traders Back Bulls as Funding Rate and Open Interest Surge

According to data from Coinglass, the open interest (OI)-weighted funding rate has recently surged to $0.0139, indicating that buyers are paying a premium to maintain their long positions. This spike suggests a strong bullish sentiment in the market, with buyers showing confidence in further price appreciation.

PEPE OI-Weighted Funding Rate

Additionally, the futures open interest has shown a recovery trend, climbing from a recent low of $60.566 million to its current level of $132.7 million, marking a 119% percentage growth. Elevated open interest levels typically signal heightened trading activity, amplifying market movements and potentially contributing to increased volatility.

Pepe Coin pricePepe Coin price
Futures Open Interest | Coinglass

On the contrary, if sellers breach the bottom trendline, the bearish momentum will invalidate a breakout thesis to drive an extended consolidation.

Frequently Asked Questions (FAQs)

The OI-weighted funding rate recently surged to $0.0139, suggesting that buyers are paying a premium to maintain their long positions

If sellers breach the bottom trendline of the symmetrical triangle, it would indicate a shift in momentum, invalidating the breakout thesis and potentially leading to extended consolidation.

Analysts expect a brief dip in Pepe Coin’s price to test support and regain bullish momentum. This dip is seen as a setup for a potential 30% rally

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Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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