Pepe Price Prediction: Analysts Warn of a Bigger Collapse – Could PEPE Be the Next Meme Coin to Vanish?
Pepe is struggling to regain momentum, and the Pepe price prediction is popping more and more bearish as warning indicators stack up.
After falling almost 45% this month, the meme coin should have room to drop — with high analyst Ali Martinez suggesting a additional 60% decline might be on the desk.
Martinez points to a clear head-and-shoulders breakdown, with Pepe slipping beneath its neckline on November 3 and nonetheless monitoring towards a potential goal of $0.0000015.
Derivatives markets seem to be trailing the setup. Speculative demand has plunged, with Open Interest down 65% since the breakdown, now sitting at $238 million.
Traders have disengaged with worth actions, however a $46 million pickup in OI this week and a Long Short Ratio of 1.03 present bullishness creeping again in.
The majority of merchants are betting on additional worth will increase, displaying potential for an early bailout from the head-and-shoulders sample.
Pepe Price Prediction: Will Pepe Vanish?
Not all marker commentators share Martinez’s view. Analyst GalaxyBTC cites historic help as grounds for the meme coin nonetheless “looks good” at its present place.
This help stands to be confirmed as a launchpad stage but once more with a 6-week descending channel approaching a breakout as momentum indicators flip bullish.
The RSI teeters on a cross again above the 50 impartial line, whereas the MACD maintains a vast lead above the sign line. Both of these metrics level to this week’s pickup as the early phases of a lasting uptrend as patrons step again in.
The key threshold for a confirmed breakout sits round $0.0000047, with a bounce seemingly to rule out a false breakout. Fully realised, the sample targets the $0.000009 demand zone for a 95% achieve.
And as the bull market matures with anticipated U.S. rate of interest cuts to gas danger urge for food, this push may go even additional, eying a 5x transfer to all-time highs at $0.000028.
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