Pepe (PEPE) Price Prediction 2023
Pepe (PEPE) ranks 67th on CoinMarketCap in terms of its market capitalization. The overview of the Pepeprice prediction for 2023 is explained below with a daily time frame.
In the above chart, Pepe (PEPE) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Pepe (PEPE) was recorded at $0.0000015587. If the pattern trend continues, then the price of PEPE might reach the resistance levels of $0.0000016505, $$0.0000017894 and $0.0000019543. If the trend reverses, then the price of PEPE may fall to the support of $0.0000014588.
Pepe (PEPE) ranks 67th on CoinMarketCap in terms of its market capitalization. The overview of the Pepeprice prediction for 2023 is explained below with a daily time frame.
In the above chart, Pepe (PEPE) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Pepe (PEPE) was recorded at $0.0000015587. If the pattern trend continues, then the price of PEPE might reach the resistance levels of $0.0000016505, $$0.0000017894 and $0.0000019543. If the trend reverses, then the price of PEPE may fall to the support of $0.0000014588.
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