Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

PEPE Price Breaks Ascending Triangle To Target Another 20% Crash

Share This Post

The PEPE price has taken a sudden bearish turn after breaking out of an Ascending Triangle pattern. In light of this breakout, a crypto analyst has predicted that PEPE could face a massive 20% price crash if it fails to hold above a critical resistance level

Bears Threaten 20% Crash In PEPE Price

PEPE’s price action has swiftly reversed from bullish to bearish, marked by a negative Change of Character (CHoCH) following its breakout from an Ascending Triangle pattern. Notably, PEPE’s CHoCH is highlighted where the price broke below previous support, indicating a significant structural shift to the bearish zone as buyers lose momentum. 

According to pseudonymous TradingView analyst ‘MyCryptoParadise’, bears could seize control of PEPE’s price as it approaches a crucial resistance zone at $0.000008. The analyst has suggested that if the meme coin fails to break above the resistance, it could result in a 20% crash to lower support levels. 

The first minor support level at $0.0000065 is highlighted in the green line on the analyst’s price chart. Should bearish momentum persist, PEPE could drop further, trapping late buyers and extending its correction phase. The analyst has pinpointed a much deeper support zone at $0.0000055, serving as a crucial defense against a stronger price breakdown. 

PEPE

A major factor supporting PEPE’s projected price crash is the alignment of its key resistance level with several bearish elements. The TradingView analyst’s price chart shows that PEPE’s $0.000008 resistance coincides with a 200 Exponential Moving Average (EMA), which acts as a dynamic resistance. The 200 EMA is often a reliable indicator of long-term trend shifts, and its overlap with the resistance adds strength to the bearish outlook. 

The resistance also coincides with a Fair Value Gap (FVG), a region where liquidity has been left untested, suggesting that price could be drawn back to fill this gap. Lastly, PEPE’s critical resistance level intersects with a Fibonacci Golden Zone, a key retracement level where price reversals often occur, further signaling the potential for a downturn. 

Potential Breakout Scenario

While ‘MyCryptoParadise’ projects a 20% correction for the PEPE price, which is currently trading at $0.00000698, he also shared a possible bullish scenario in which the meme coin surprises traders with an upward breakout. The TradingView analyst has projected that if PEPE manages to close a candle above the $0.000008 resistance, his bearish thesis could be completely invalidated.

In this case, the market should anticipate a continuation of the uptrend, with the next price target potentially reaching $0.0000085 and beyond. However, for bulls to break through this resistance level, strong volume and momentum are required. Given that Pepe’s price is still in the red, this bullish scenario seems like a less likely scenario for now.

PEPE

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key

Bitcoin continues to show signs of resilience at the $95,000 region, pushing higher from recent lows and attempting to reclaim its bullish structure after a volatile April The monthly candlestick for

Bitcoin Dips Slightly as US Economy Shrinks

The US economy shrank by 03% in the first quarter of 2025 after companies rushed to import goods in the wake of President Donald Trump’s global trade war Bitcoin Edges Lower After US Economy Shows

Malaysia Launches Blockchain Infrastructure to Enhance Digital Services and Accessibility

On April 30, 2025, Malaysia launched the Malaysia Blockchain Infrastructure (MBI), a step in its digital transformation journey aimed at unifying fragmented digital ecosystems and making

Litecoin, Solana, XRP Among Top Crypto ETFs Set for 2025 Approval

The post Litecoin, Solana, XRP Among Top Crypto ETFs Set for 2025 Approval appeared first on Coinpedia Fintech News In a recent update, Bloomberg’s Senior ETF Analyst Eric Balchunas shared fresh

Crypto prediction markets reflect rising recession odds amid US economic contraction

Crypto prediction markets are signaling growing expectations of a US recession this year after fresh economic data showed the economy contracted in the first quarter of 2025 According to the latest

Token2049 Announcements: Institutional TON Staking with Chorus One’s TON Pool

The post Token2049 Announcements: Institutional TON Staking with Chorus One’s TON Pool appeared first on Coinpedia Fintech News The Open Network (TON), initially conceived by Telegram, has