CandleFocus PEPE Price Prediction: Here’s Why the Meme Coin Could Rise By 50%
2024-10-15
Author: Content Editor
The meme coin PEPE has seen a 12% increase in the last week, preventing it from reaching a new monthly low. If market sentiment remains positive and PEPE can overcome key resistance levels, the coin may experience a significant 50% rise in the near future. The Money Flow Index (MFI) for PEPE has surpassed the neutral area of 50.00, indicating dominant buying pressure and growing bullish momentum. Additionally, PEPE's price is above the Ichimoku Cloud, suggesting a bullish trend. The coin attempted to rise above $0.000011 but faced rejection, although the uptrend may not be over according to the Fibonacci retracement indicator. If successful, PEPE could reach $0.000015, but it could face a decline to $0.0000067 if bears reject movement at $0.000011.
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