PEPE Set for 78% Price Move Amid Giant Triangle Formation

A crypto analyst predicts that PEPE could experience a 78% price movement due to its current consolidation within a descending triangle. This setup often leads to strong price changes.

Key Points

  • The potential upward breakout could push PEPE's price to $0.000018–$0.000022, nearly doubling its value.
  • A downward breakout might cause a 44% drop, bringing the price to $0.0000055–$0.0000060.
  • Current trading indicators show PEPE at $0.000009728, with a recent 7.3% decrease in 24 hours and a 104.38% surge in trading volume.
  • Immediate resistance is near $0.000012, with upside targets above $0.000016 if a breakout occurs.
  • Critical support levels are at $0.000009 and deeper retracement targets at $0.0000055.

PEPE Price Chart

Meanwhile, a new project, PEPENODE, has raised $1.3 million during its presale. It allows users to set up virtual mining rigs using the Ethereum blockchain. The project features deflationary tokenomics, with 70% of tokens burned to reduce supply. PEPENODE offers staking rewards of 965% per annum.