PEPE [PEPE] Price Prediction 2022-23

Pepe [PEPE] broke out of the vary it shaped earlier this month. The on-chain metrics of the memecoin had not inspired confidence just a few days in the past

Pepe [PEPE] broke out of the vary it shaped earlier this month. The on-chain metrics of the memecoin had not inspired confidence just a few days in the past, however in opposition to expectations, Pepe managed to carry on to current good points.

The momentum has shifted bullishly on the every day timeframe, however the uptrend was not but re-established. Pepe worth prediction primarily based on the liquidation chart confirmed a take-profit degree that must be flipped to help.

The vary breakout was an indication of bullish intent

Supply: PEPE/USDT on TradingView

Till the convincing Bitcoin [BTC] transfer previous the $61k resistance on the fifteenth of July, the memecoin had been buying and selling simply above the previous mid-range mark at $0.0000088.

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The BTC rally from $61k to $64k gave PEPE bulls confidence.

The quantity surged on the fifteenth of July and the momentum started to shift. At press time, the Superior Oscillator was above the zero degree to indicate sturdy bullish momentum.

Alternatively, the OBV was but to interrupt June’s highs.

The resistance zone at $0.0000132-$0.000014 can also be a spot the place the current decrease highs on the every day chart occurred in June. Due to this fact, a transfer to those ranges is predicted.

PEPE worth prediction — Full steam forward?

Supply: Hyblock

The liquidation heatmap confirmed that the deep losses in early July swept the massive liquidity pool at $0.000008.

The bulls had been capable of defend this degree, however there may be some untested liquidity just under $0.000008.

Learn Pepe’s [PEPE] Price Prediction 2024-25

To the north, the $0.000014 area is of curiosity and concurs with the value motion evaluation.

Whether or not the bulls can flip $0.000014 over the subsequent few days would doubtless decide if the token can proceed its rally, or would retrace most or all of its current good points.

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