There are a number of opportunities for Pepe Coin (PEPE) to soar to US0.0000021 or the equivalent of Rp.0.031, based on a number of technical analyses. When this article was written, the price of PEPE was in the range of US$0.00000147 or equivalent IDR 0.022.
Pepe Coin (PEPE) experienced a significant spike, as it managed to break the long-term diagonal resistance line and reached levels new monthly high on June 23, 2023. This price movement indicates the potential for further upward momentum in the future.
Price action the latest shows the chance that Pepe Coin will continue to rise, indicating that if breakout could confirm a move towards a new monthly high.
para traders and investors should pay close attention to these developments as they may offer lucrative opportunities.
In May 2023, when Pepe Coin first entered the number big crypto exchangeit traded below the resistance line, with the price dropping to a low of US$0.00000081 on June 10, 2023.
However, prices then experienced reboundsconfirmed the US$0.00000088 area as support level.
Then on June 21, 2023, Pepe Coin broke the resistance line, signaling the end of the correction phase. PEPE also reached levels high of US$0.0000017 before experiencing retracements mini.
Viewed by the current Relative Strength Index (RSI) at time frame daily, the RSI is above 50 and is increasing, indicating a trend bullish. This supports validity breakout and indicates the potential for further price appreciation.
The RSI is known to function as a useful indicator. RSI help the traders determines whether the market is overboughtoverbought) or oversold (oversold), assist in the decision-making process to accumulate or sell.
But we need to look at using the Elliot Wave Count again time frame shorter, namely 4 hours. In this way we can identify the Pepe Coin upside opportunities associated with time frame daily. The Elliott Wave Principle, combined with wave count bullishprovide understanding regarding the next PEPE movement.
Based on Elliot Wave calculations, Pepe Coin’s opportunity has followed an uptrend in five waves since June 15, 2023. Currently, PEPE is in the fourth corrective wave, which is in the form of a symmetrical triangle. If this formula is correct, then the probability that Pepe Coin will come out of the triangle and reach levels new height.
Opportunity Pepe Coin (PEPE) to US$0.0000021 (Equivalent to Rp0.031)
Based on this analysis, the most likely area for a peak is between US$0.0000019 and US$0.0000021 (equivalent to Rp.0.031).
This projection is determined using retracements 1.61 outside of the fourth wave and 0.382 long of waves one and three. However, if wave 5 continues, the price may reach levels the next resistance is at US$0.0000024.
Although the prospects are quite convincing, it is important to consider the possible risks. If there is a decrease below levels wave one high of US$0.0000010, this will invalidate the bullish projection, indicating a trend bearish and possibly lead to further declines up to US$0.000005.
Overall, the Pepe Coin opportunity has demonstrated strong price momentum, breaking a long-term resistance line and hitting a new monthly high.
RSI indicates a trend bullishwhich supports validity breakout the. Also, the wave count analysis points to the potential for a continued upward movement. Traders and investors should closely monitor Pepe Coin opportunities for potential opportunities, while keeping the risks involved in mind. [ps]