{"id":17595,"date":"2024-04-09T23:40:25","date_gmt":"2024-04-09T23:40:25","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17595"},"modified":"2024-04-09T21:04:24","modified_gmt":"2024-04-09T21:04:24","slug":"whats-next-for-pepe-after-12-surge","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/whats-next-for-pepe-after-12-surge\/","title":{"rendered":"What’s Next for PEPE After 12% Surge?"},"content":{"rendered":"

PEPE, one of the popular meme coins in the crypto market, has recently experienced a price surge, reigniting investor optimism. While the short-term price action has turned positive, liquidation levels are raising concerns.<\/p>\n

Despite the meme coin’s efforts to maintain its uptrend, a concentration of liquidations could lead to a 14-20% drop in the coming days.<\/p>\n

PEPE<\/a> bulls managed to secure some gains over the past few days. The critical support level at $0.0000062 was retested, resulting in a positive reaction.<\/p>\n

However, declining trading volume in the meme coin is a cause for concern. Data shows a decrease in the number of new addresses over the past few days. Falling daily active addresses could also indicate a decline in demand.<\/p>\n

Should You Be Concerned About PEPE’s Trading Volume?<\/strong><\/p>\n

PEPE has maintained an uptrend on longer timeframes. The low swing at $0.00000581 is the first hurdle bears need to overcome to turn the market structure bearish.<\/p>\n

With the decline in trading volume, it becomes evident that the meme coin is in a consolidation phase. Additionally, the RSI technical indicator stands at 46. While a drop below the neutral 50 level indicates a preference for downward momentum, a drop below 40 is required to confirm a strong downtrend.<\/p>\n

The Chaikin Money Flow, indicating a strong capital outflow from the market, is positioned below -0.05. This suggests that further losses are imminent.<\/p>\n

What’s Next for PEPE?<\/strong><\/p>\n

The liquidation heatmap shows that the region between $0.000006 and $0.0000062 is a critical level.<\/p>\n

Despite the short-term positive reaction in PEPE’s price, it may choose to deepen its decline to reach the nearby liquidation levels.<\/p>\n

The key level to watch closely in the coming week is $0.0000056. This level could be PEPE’s next destination. If the bears assert their dominance and manage to reverse the trend, the coming week could witness significantly more losses.<\/p>\n

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram<\/strong>\u00a0 ,<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n

\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

PEPE, one of the popular meme coins in the crypto market, has recently experienced a price surge, reigniting investor optimism. While the short-term price action has turned positive, liquidation levels are raising concerns. Despite the meme coin’s efforts to maintain its uptrend, a concentration of liquidations could lead to a 14-20% drop in the coming<\/p>\n","protected":false},"author":1,"featured_media":3944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[393,4468,2191,466,1683],"class_list":["post-17595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-crypto","tag-however","tag-meme-coin","tag-pepe","tag-rsi"],"yoast_head":"\nWhat's Next for PEPE After 12% Surge? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"PEPE, one of the popular meme coins in the crypto market, has recently experienced a price surge, reigniting investor optimism\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/whats-next-for-pepe-after-12-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What's Next for PEPE After 12% Surge? 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