Pepe crashes by 15 % in 7 days, but is there a big step before? (Pepe Coin price analysis)

Von Krypto News Österreich

Die Volatilität von PEPE ist in den letzten Tagen explodiert, wobei der Preis an einem Tag um über 30 % schwankte. Wichtige Unterstützungsstufen: 0,0000013 $ Wichtige Widerstandsniveaus: 0,0000010 $ Nach einer langen Phase geringer Volatilität änderte sich die Preisentwicklung von PEPE am Montag, als die SEC Binance verklagte. Der Preis schwankte schnell um über 30 % auf und ab und erreichte dabei ein neues Tief. Dadurch ist ein großes absteigendes Dreieck entstanden, das als bärisch interpretiert werden könnte. Die aktuelle Unterstützung liegt bei 0,0000010 US-Dollar und der Widerstand bei 0,0000013 US-Dollar. Da sich der Preis schnell dem Höhepunkt dieser Formation …
Pepe's volatility has exploded in the past few days, with the price fluctuating by over 30 % in one day. Important support levels: $ 0.0000013 Important resistance level: $ 0.0000010 after a long phase of low volatility, Pepe's price development changed on Monday when the Sec Binance sued. The price fluctuated quickly by over 30 % and reached a new low. This creates a large descending triangle that could be interpreted as bear. The current support is $ 0.0000010 and the resistance is $ 0.0000013. Since the price quickly reaches the climax of this formation ... (Symbolbild/KNAT)

The volatility of Pepe has exploded in the past few days, with the price fluctuating over 30 % in one day.

Important support levels: 0.0000013 $

Important resistance level: 0.0000010 $

After a long phase of low volatility, Pepe's price development changed on Monday when the Sec Binance sued. The price fluctuated quickly by over 30 % and reached a new low. This creates a large descending triangle that could be interpreted as bear.

The current support is $ 0.0000010 and the resistance is $ 0.0000013. Since the price quickly approaches the peak of this formation, Pepe could take a big step in the next few days.

pepeweth_a43fe1_ethusdt_2023-02-44 Diagram of Tradingview

trade volume: The volume increased on Monday, whereby Bären dominated the chart.

rsi : The daily RSI is less than 50 points and, due to the lower maximum, still has a decline in trend.

macd : The daily MacD is negative. However, the histogram has higher deep stalls, which could indicate that this downward trend could reach a low in the near future.

pepeweth_a43fe1_ethusdt_2023-08_15-03-41 Diagram of tradingview

bias

The tendency for Pepe is bearish.

Short-term forecast for the PEPE Prize

It is likely that the volatility will be high in the next few days and that an outbreak from this triangle will be imminent. Buyers have to do everything to defend the important support at $ 0.0000010. Should there be a failure there, Pepe would clear the way, much deeper and in the direction of $ 0.000005.

.