Pepe Coin Price Targets Multi-Month High at $0.000023793 as Cup & Handle Pattern Nears Completion
The post Pepe Coin Price Targets Multi-Month High at $0.000023793 as Cup & Handle Pattern Nears Completion appeared on BitcoinEthereumNews.com. Pepe coin (PEPE) price shows signs of a potential rally to a new multi-month high at $0.000023793 as the market structure completes a cup and handle pattern on the 12-hour chart. This bullish formation for PEPE follows a notable 81.10% gain in one month that saw this Ethereum meme coin’s price hit a four-month high of $0.000015410. At press time, Pepe coin trades at $0.000013973, with an intraday gain of 2.33%, despite Bitcoin reaching a new all-time high and altcoins heating up. Pepe Coin Price Poised for a 61.26% Rally to $0.000023793 Pepe price eyes a 61.26% rally from its current position of $0.000014558 as it nears the breakout from a Cup and Handle pattern. A successful push above the neckline at $0.000014764 could catalyze a rally that pushes this meme token closer to the all-time high at $0.00002825 that was set on December 9. This cup and handle consolidation pattern often precedes an incoming uptrend. It contains a rounded bottom known as the Cup and is followed by a small consolidation termed the Handle. Hence, the name. The target of $0.000023703 for the aforementioned Cup and Handle is obtained by measuring the 61.26% depth of the cup and adding it to the neckline of $0.000014764. A breakout and bullish continuation can be confirmed with an uptick in volume and momentum. PEPE’s price is also trending above the 200-period MA, which is often used in conjunction with the cup and handle, and this suggests massive strength of the potential breakout. If the handle extends past its current position, a price of $0.000023793 will be in sight. Moreover, the rising 50-period MA, which is positioned below the price points, indicates increasing medium-term bullish momentum and support at $0.000013191. Pepe Coin Price Targets Multi-Month High at $0.000023793 as Cup & Handle Pattern Nears…
The post Pepe Coin Price Targets Multi-Month High at $0.000023793 as Cup & Handle Pattern Nears Completion appeared on BitcoinEthereumNews.com.
Pepe coin (PEPE) price shows signs of a potential rally to a new multi-month high at $0.000023793 as the market structure completes a cup and handle pattern on the 12-hour chart. This bullish formation for PEPE follows a notable 81.10% gain in one month that saw this Ethereum meme coin’s price hit a four-month high of $0.000015410. At press time, Pepe coin trades at $0.000013973, with an intraday gain of 2.33%, despite Bitcoin reaching a new all-time high and altcoins heating up. Pepe Coin Price Poised for a 61.26% Rally to $0.000023793 Pepe price eyes a 61.26% rally from its current position of $0.000014558 as it nears the breakout from a Cup and Handle pattern. A successful push above the neckline at $0.000014764 could catalyze a rally that pushes this meme token closer to the all-time high at $0.00002825 that was set on December 9. This cup and handle consolidation pattern often precedes an incoming uptrend. It contains a rounded bottom known as the Cup and is followed by a small consolidation termed the Handle. Hence, the name. The target of $0.000023703 for the aforementioned Cup and Handle is obtained by measuring the 61.26% depth of the cup and adding it to the neckline of $0.000014764. A breakout and bullish continuation can be confirmed with an uptick in volume and momentum. PEPE’s price is also trending above the 200-period MA, which is often used in conjunction with the cup and handle, and this suggests massive strength of the potential breakout. If the handle extends past its current position, a price of $0.000023793 will be in sight. Moreover, the rising 50-period MA, which is positioned below the price points, indicates increasing medium-term bullish momentum and support at $0.000013191. Pepe Coin Price Targets Multi-Month High at $0.000023793 as Cup & Handle Pattern Nears…
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