{"id":652197,"date":"2024-11-09T00:30:39","date_gmt":"2024-11-09T00:30:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652197"},"modified":"2024-11-08T11:24:23","modified_gmt":"2024-11-08T11:24:23","slug":"pepe-slips-into-correction","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/pepe\/pepe-slips-into-correction\/","title":{"rendered":"PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound"},"content":{"rendered":"

After a strong upward momentum, <\/span>PEPE<\/span> is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its <\/span>recovery<\/span><\/a> potential. Will these key levels hold the line and fuel a bounce-back, or is PEPE in for a longer dip?<\/span><\/p>\n

This article will provide an in-depth look at PEPE’s current price movement within its correctional phase. By highlighting significant support and resistance levels, this piece seeks to equip <\/span>investors<\/span><\/a> and traders with valuable insights into possible rebound zones and the factors that could influence its recovery or further declines.<\/span><\/p>\n

Understanding PEPE’s Correction: What Triggered The Pullback?<\/span><\/h2>\n

PEPE has recently taken a bearish shift on the 4-hour chart, encountering strong resistance at $0.00001152. This struggle to sustain the uptrend has triggered a decline, pushing the asset toward the 100-day Simple Moving Average (SMA). A drop below this SMA could amplify selling pressure, while a rebound might signal a potential price reversal.<\/span><\/p>\n

\"PEPE\"
PEPE enciunters string resistance at $0.00001152 |\u00a0 Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

An analysis of the 4-hour Relative Strength Index (RSI) suggests that <\/span>bullish<\/span><\/a> strength may be waning. Currently, the RSI has fallen to around 68% from the overbought zone, indicating that the buying pressure is diminishing. If the RSI continues to drop, it may indicate that the <\/span>market<\/span><\/a> is becoming more oversold, possibly paving the way for a deeper correction.<\/span><\/p>\n

Related Reading: Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash<\/a><\/div>\n

On the daily chart, PEPE is exhibiting significant negative movement, as reflected by a <\/span>bearish<\/span> candlestick. This ongoing downward trend highlights a prevailing selling pressure within the market. Although the meme coin is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlestick suggests that upward momentum may be limited.<\/span><\/p>\n

\"PEPE\"
PEPE’s renewed strength halted by strong resistance | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Finally, on the 1-day chart, the RSI signal line is approaching the critical 50% level after rising above it. The 50% mark represents a neutral zone, suggesting a balance between <\/span>buying<\/span><\/a> and selling pressure. A dip below 50% could signal a shift towards bearish sentiment, while holding above or climbing back above 50% may imply continued bullish strength, possibly leading to more price <\/span>gains<\/span><\/a>.<\/span><\/p>\n

Where PEPE Could Find Stability<\/span><\/h2>\n

Key support levels<\/span><\/a> are crucial price points where PEPE could find stability and reverse its current downtrend. One of the primary support levels to watch is the $0.000000766, which has historically acted as a crucial level of support. If PEPE’s price approaches this level, it could trigger renewed buying interest, potentially leading to a rebound.<\/span><\/p>\n

Related Reading: PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here?<\/a><\/div>\n

However, should the <\/span>meme coin<\/span><\/a> break this level, it could lead to a prolonged <\/span>decline<\/span><\/a>, possibly pushing the price toward $0.00000589 and beyond.<\/span><\/p>\n

\"PEPE\"
PEPE trading at $0.000010 on the 1D chart | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its recovery potential. Will these key levels hold the line and fuel a bounce-back, or is PEPE in for a longer dip? This article will provide an in-depth look at PEPE’s current price movement within its correctional phase. By highlighting significant support and resistance levels, this piece seeks to equip investors and traders with valuable insights into possible rebound zones and the factors that could influence its recovery or further declines. Understanding PEPE’s Correction: What Triggered The Pullback? PEPE has recently taken a bearish shift on the 4-hour chart, encountering strong resistance at $0.00001152. This struggle to sustain the uptrend has triggered a decline, pushing the asset toward the 100-day Simple Moving Average (SMA). A drop below this SMA could amplify selling pressure, while a rebound might signal a potential price reversal. An analysis of the 4-hour Relative Strength Index (RSI) suggests that bullish strength may be waning. Currently, the RSI has fallen to around 68% from the overbought zone, indicating that the buying pressure is diminishing. If the RSI continues to drop, it may indicate that the market is becoming more oversold, possibly paving the way for a deeper correction. Related Reading: Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash On the daily chart, PEPE is exhibiting significant negative movement, as reflected by a bearish candlestick. This ongoing downward trend highlights a prevailing selling pressure within the market. Although the meme coin is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlestick suggests that upward momentum may be limited. Finally, on the 1-day chart, the RSI signal line is approaching the critical 50% level after rising above it. The 50% mark represents a neutral zone, suggesting a balance between buying and selling pressure. A dip below 50% could signal a shift towards bearish sentiment, while holding above or climbing back above 50% may imply continued bullish strength, possibly leading to more price gains. Where PEPE Could Find Stability Key support levels are crucial price points where PEPE could find stability and reverse its current downtrend. One of the primary support levels to watch is the $0.000000766, which has historically acted as a crucial level of support. If PEPE’s price approaches this level, it could trigger renewed buying interest, potentially leading to a rebound. Related Reading: PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here? However, should the meme coin break this level, it could lead to a prolonged decline, possibly pushing the price toward $0.00000589 and beyond. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":652201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88189],"tags":[88145,88190,88188,16393,14763,91599,85676],"class_list":["post-652197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pepe","tag-pepe","tag-pepeusd","tag-pepeusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nPEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound<\/title>\n<meta name=\"description\" content=\"After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating its next move.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/uniquehot.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound","url":"http:\/\/uniquehot.com\/analysis\/pepe\/pepe-slips-into-correction\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/pepe\/pepe-slips-into-correction\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/photo_57670726_x.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/photo_57670726_x.jpg?fit=600%2C397"},"articleSection":"PEPE","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["pepe","pepeusd","pepeusdt","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-11-09T00:30:39Z","datePublished":"2024-11-09T00:30:39Z","dateModified":"2024-11-09T00:30:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/pepe\\\/pepe-slips-into-correction\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/pepe\\\/pepe-slips-into-correction\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/photo_57670726_x.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/photo_57670726_x.jpg?fit=600%2C397\"},\"articleSection\":\"PEPE\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"pepe\",\"pepeusd\",\"pepeusdt\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-11-09T00:30:39Z\",\"datePublished\":\"2024-11-09T00:30:39Z\",\"dateModified\":\"2024-11-09T00:30:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/photo_57670726_x.jpg?fit=600%2C397","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/652197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=652197"}],"version-history":[{"count":2,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/652197\/revisions"}],"predecessor-version":[{"id":652244,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/652197\/revisions\/652244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/652201"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=652197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=652197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=652197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}