{"id":3585,"date":"2023-06-29T17:40:23","date_gmt":"2023-06-29T17:40:23","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=3585"},"modified":"2023-06-29T17:40:23","modified_gmt":"2023-06-29T17:40:23","slug":"can-pepe-repeat-its-bull-run","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/can-pepe-repeat-its-bull-run","title":{"rendered":"Can PEPE repeat its bull run?"},"content":{"rendered":"<h2><strong>Are we seeing PEPE&#8217;s bullish rally coming to an end?<\/strong><\/h2>\n<p><a href=\"https:\/\/twitter.com\/pepecoineth?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" target=\"_blank\" rel=\"noopener\"><strong>Pepe [PEPE]<\/strong><\/a> stalls at critical resistance level despite public crypto market rally. By press time, the meme coin had reached $0.00000162 and rallied 81% but faced stiff bearish resistance.<\/p>\n<p>The price stood at $0.00000155 at the time of the press, just above the critical resistance level of $0.00000162. If buyers cannot flip this level, the bullish rally may end.<\/p>\n<p>Compared to the previous 24 hours, PEPE&#8217;s daily trading volume has decreased by 36.4%, according to CoinMarketCap. PEPE might lose market interest in this case, reducing liquidity for significant price changes.<\/p>\n<p class=\"blog-post-sec-title\">How much does <a href=\"https:\/\/digitalcoinprice.com\/converter\/pepe\/usd\/1000\" target=\"_blank\" rel=\"noopener\">1000 PEPE currently cost in USD?<\/a><\/p>\n<p>PEPE has gained 81% over the past five days, and the coin has encountered significant resistance at $0.00000162, which has led to buyers taking profits.<\/p>\n<p>Bulls failed to break through the $0.00000162 resistance despite regaining the $0.00000115 support. Recently gained gains were reversed by sellers as a result.<\/p>\n<p>On 24 June, PEPE&#8217;s four-hour candle closed below its resistance level, and indicators on the chart didn&#8217;t indicate a bullish outlook.<\/p>\n<p>The RSI hovered just above neutral 50 at press time after dropping steadily from the overbought zone. There was a decline in demand for meme coins, which indicated a declining demand. Several red bars were below zero on 24 June, indicating a bearish crossover. A drop in the CMF also signalled capital outflows.<\/p>\n<p>A price reversal to $0.00000115 could be on the horizon for bears in the short term. In contrast, the bulls may attempt to ride the bearish wave until $0.00000205 begins a new bullish wave.<\/p>\n<p>Two days ago, open interest dropped by $10 million. During this time, Coinalyze also revealed fading demand for <strong><a href=\"https:\/\/tabtrader.com\/academy\/articles\/what-is-cumulative-delta-cvd-indicator\" target=\"_blank\" rel=\"nofollow noopener\">spot CVD<\/a><\/strong>. As a result of a strong downtrend, PEPE may experience a short-term pullback.<\/p>\n<p>Trading the price trend sideways should be done while waiting for a clear trading opportunity above and below the crucial resistance level of $0.00000162 before taking action.<\/p>\n<p class=\"blog-post-sec-title\"><a href=\"https:\/\/digitalcoinprice.com\/converter\/pepe\/usd\/1000\" target=\"_blank\" rel=\"noopener\">Here is PEPE&#8217;s price forecast for 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are we seeing PEPE&#8217;s bullish rally coming to an end? Pepe [PEPE] stalls at critical resistance level despite public crypto market rally. By press time, the meme coin had reached $0.00000162 and rallied 81% but faced stiff bearish resistance. The price stood at $0.00000155 at the time of the press, just above the critical resistance [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,10],"tags":[121,122,123,47],"class_list":["post-3585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-latest-news-updates","tag-bullrun","tag-can-pepe-repeat-its-bull-run","tag-mame-coin","tag-pepe"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=3585"}],"version-history":[{"count":2,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3585\/revisions"}],"predecessor-version":[{"id":3589,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3585\/revisions\/3589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/3586"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=3585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=3585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=3585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}