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The price of the Pepe coin has risen 15% in the last 24 hours and will be auctioned for $0.00000127 at 7:00 am EST. Trading volume is up almost 85% in the past day as investors anticipate a shift towards more gains for PEPE.
$PEPE MORE THAN 15% PUMPING AND ALL OBJECTIVES ACCOMPLISHED $SOL TP1 AND TP2 CRUSHED
ALL SHARED IN OUR FREE TELEGRAM
JOIN US NOW: https://t.co/WOASvlX5D9 https://t.co/yEaTlyvvDr pic.twitter.com/u2eEvbUtLA
— UNKNOWN TRADER (@Learnernoearner) November 9, 2023
Pepe is joining the broader market and meme coin ecosystem, with players like Dogecoin (DOGE) and Shiba Inu (SHIB) also coming to life. The movement of PEPE, however, is different, as the price action shows a brief contraction.
This unusual condition causes the price of an asset to increase rapidly. It occurs when the asset has many short sellers, meaning that many investors are betting on its price to fall. The short squeeze begins when the price rises unexpectedly, gaining momentum as many short sellers decide to cut losses and close their positions.
Pepe Price Outlook with $0.00000200 in the Cards for PEPE
After a 108% rise for the Pepe coin since October 18, the frog-themed cryptocurrency led to a correction and consolidation and is now attempting an intermediate trend continuation.
The Relative Strength Index (RSI) position at 68 shows that there is still room to rise, which means that Pepe price could rise. The RSI above 50 is also a good sign as it indicates strong price strength, further tilting the odds in favor of the bulls.
Furthermore, the Awesome Oscillator (AO) indicator continues to hold in positive territory, with histograms turning from green to red as more bulls come to the scene. In the same posture, the moving average convergence and divergence (MACD) remains in positive territory, accompanied by green histogram bars above the midline. This adds credibility to the bullish outlook.
Further buying pressure above current levels could see Pepe price rise towards the resistance level of $0.00000144. A breach of this barricade would plunge PEPE into the supply barrier, which would extend from $0.00000146 to $0.00000172.
For a violation to be confirmed beyond this order block, the meme coin price must record a daily candle close above the median threshold of $0.00000159.
In a highly bullish case, profits could be extrapolated so that the Pepe coin price escapes the supply zone, making it a bullish switch before surpassing the same highs at $0.00000189. This would leave the psychological level of $0.00000200 in sight, 55% above the current price.
Case Talk with MACD sending a sell signal
It is impossible to ignore that the MACD shows that the longs have closed their positions. It has also given a sell signal. These two conditions have been met as the MACD has crossed below the signal line (orange band), both above the zero line.
Traders heeding this call could spell doom for Pepe price, sending it lower, potentially falling below $0.00000100. Further seller momentum could see the price fall back to the consolidation phase between $0.00000085 and $0.00000061.
Such a move would invalidate the bullish thesis, possibly extending down to test the range low at $0.00000060 and eventually falling into the clutches of the descending parallel channel. This would strengthen the bearish thesis.
Meanwhile, investors have their eyes wide open on the U.S. Securities and Exchange Commission (SEC), especially after recent events. In the afternoon hours of the New York session on November 8, ETF specialist James Seyffart indicated that the SEC had a short eight-day window to approve spot btc exchange-traded funds (ETFs).
ONLY IN: Bloomberg analysts say a “short window” opens tomorrow for the SEC to potentially approve the spot bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF, and will be open for at least 8 days. pic.twitter.com/CfDXylvd8v
– bitcoin Magazine (@BitcoinMagazine) November 8, 2023
This has revitalized rumors around the narrative that btc ETF spot approvals catalyze a bull market. In addition, Seyffart reiterated a bet of 90% approval by January 10.
With this, forward-thinking investors are jumping on the bitcoin ETF token bandwagon by acquiring its powerhouse token, BTCETF. The token is among the best cryptocurrency pre-sales to buy now, with the potential for 10x profits upon launch.
Promising alternative to PEPE
BTCETF is among the leading alternatives to PEPE and offers investors a first-mover advantage ahead of the launch of a btc spot ETF. Citing an excerpt from the website, the bitcoin ETF token ecosystem is “the only token that rewards holders as bitcoin ETFs are approved.”
Testifying #BitcoinETFthe innovative initiative ready to transform the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto sphere with its forward-thinking approach towards the next bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF.
Experience the unique mechanics and tactics that distinguish #BTCETF in the field of virtual assets. pic.twitter.com/quNPJ28EsV
– BTCETF_Token (@BTCETF_Token) November 9, 2023
The project has reached a key pre-sale milestone, surpassing the $100,000 mark in sales to record $130,120 at the time of writing. The token sells for $0.005, but this price only lasts less than two more days before increasing. Beat the $0.005 deadline by heading to the bitcoin ETF Token website to purchase the BTCETF token.
#BitcoinETF You’ve reached your first big milestone!
Raising over $100K! pic.twitter.com/od7N5lhaM2
– BTCETF_Token (@BTCETF_Token) November 9, 2023
In a notable revelation, data shows that the project rakes in at least $35,000 a day for pre-sales. Join the community of enlightened investors now getting ahead of the btc ETF spot narrative.
@Inversionescom – bitcoin ETF token pre-sale attracts $35,000 in one day, promising deflation… – https://t.co/RX4GrNuLAZ
– BTCETF_Token (@BTCETF_Token) November 8, 2023
The project supports the vision of revolutionizing the cryptocurrency market to make digital assets available to everyone.
Get ready for the next revolution in the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto and #Stock Exchange world like bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETFs strive to make digital assets more accessible to all traders.
With the support of influential figures such as @BlackRockthe future of #BitcoinETF looks promising! crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #web3 pic.twitter.com/LtkZyoAmUp
– BTCETF_Token (@BTCETF_Token) November 8, 2023
Visit the bitcoin ETF Token website here to buy BTCETF in the pre-sale.
Also read:
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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