• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 7, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

PEPE Gains Momentum After Breakout

Adnan Tuncturk by Adnan Tuncturk
January 5, 2025
in Featured, News
Reading Time: 3 mins read
0
PEPE Gains Momentum After Breakout
Share on TwitterShare on Facebook

Introduction

Pepe , a popular memecoin, is showing signs it might go up in value. Recently, it broke out of a symmetrical triangle—a pattern that usually signals prices might rise. It is trading at $0.00002069, a slight drop of 2.11%, but many believe it has the potential to climb higher soon.

Can PEPE Keep Rising?

Pepe’s price is recovering well and is now near an important level: $0.00002187. If the price goes above this point, it could signal a big jump, with the next target at $0.000030. This breakout also shows that fewer people are selling pepe, and more buyers are coming in. However, if it can’t go past $0.00002187, its price might stay flat or drop, possibly going back down to $0.00001682.

PEPE Gains Momentum After Breakout
Source: Trading View

Pepe Signs of Growing Confidence

The NVT Ratio (Network Value to Transaction Ratio) is now at 60.62, up from 48. This number shows how active transactions are compared to the token’s value. A higher ratio means more people are using and trading Pepe, which could help keep the price strong. But for It’s price to rise even more, transactions must keep increasing.

Steady Daily Activity For Pepe

Every day, about 5,143 addresses are active on the Pepe network. This shows that a lot of people are still using and trading the token. If it’s price keeps going up, more users might join in, which could push the price higher.

What the Charts Say

Charts and tools also show positive signs for Pepe. The RSI (Relative Strength Index) is at 53.09, meaning the price has room to grow before hitting a limit. Another tool, the Directional Movement Index (DMI), shows buyers are stronger than sellers right now.

PEPE Gains Momentum After Breakout
Source: Trading View

For it’s upward trend to get stronger, one part of the chart called the ADX (Average Directional Index) must continue rising. This would confirm the trend is gaining strength.

Traders Are Optimistic

Data from liquidations—when traders lose their bets on price movements—shows that $269.41K worth of bets against Pepe (short positions) were wiped out. This is a sign that traders believe in Pepe’s price going up. Still, It needs more buyers to keep the momentum and avoid a price drop.

Conclusion

Pepe’s breakout from the triangle, along with strong network activity and positive indicators, suggests it might rise higher. If it can pass the $0.00002187 resistance level, It could reach $0.000030. However, its future depends on consistent market support and continued buyer interest.

Tags: Bullish PatternsCrypto Tradingcryptocurrency breakoutDaily active addressesMemecoinsNVT ratioPepePEPE priceRSI
Previous Post

DOGE Momentum Builds in 2025

Next Post

Is DOGE Ready for Another Big Surge

Related Posts

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes
News

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Featured

Dow Rises, Tesla Drops After Musk-Trump Feud

June 5, 2025
Can XRP Hit $5? Technicals and Whales Say Yes
Market Analysis

Can XRP Hit $5? Technicals and Whales Say Yes

June 4, 2025
bitcoin btc
Featured

K33 Begins Bitcoin Buying with 10 BTC Purchase for Treasury Strategy

June 3, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025

Press Releases

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes
News

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

by Alex Mercer
June 6, 2025

Introduction When Donald Trump and Elon Musk get into a digital brawl, you know something's about to break—and this time,...

Read more
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier