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Cryptocurrency News Articles
What Happens If You Put $2,000 Into PEPE Meme Coin Today? Here's What the Charts Say
Apr 20, 2025 at 10:00 pm
PEPE price is hovering just below a key trendline that's held it down since late 2024. Traders are watching closely as the meme coin tests resistance yet again
PEPE price has been testing a key resistance trendline since November 2024, and traders are watching closely for a breakout.
A move above $0.00000800 could trigger a strong rally, but if rejected, the price could test the $0.00000600 support again.
If you’re thinking of putting $2,000 into PEPE at today’s prices, here’s what the chart says about the potential setup and where the price could go from here.
PEPE price is approaching a crucial decision point as it stalls at a round-trip resistance zone. The narrative around this meme coin has been largely focused on its resilience throughout 2024, especially during the March crypto crash.
Despite the bearish tone of the market in the first half of 2024, PEPE price managed to recover from a low of $0.00000380 in January to reach a high of $0.00000830 in August.
However, since November, the price has encountered resistance at a descending trendline, leading to at least four major rejections. Each test from August to December 2024 resulted in a new lower high, indicating that sellers were quickly stepping in to shut down any bullish attempts.
At the moment, the price is encountering this trendline again at $0.00000735-$0.00000750, and so far, there’s no breakout confirmed.
Unless the price can close above $0.00000800 with strong volume, the structure remains bearish, and the risk of another pullback from this point is high.
But on the other hand, the price is showing signs of strength by consistently retesting this area, which could suggest that buyers are becoming more interested in accumulating at these levels.
PEPE price has been testing a key resistance trendline since November 2024, and traders are watching closely for a breakout. A move above $0.00000800 could trigger a strong rally, but if rejected, the price could test the $0.00000600 support again.
If you’re thinking of putting $2,000 into PEPE at today’s prices, here’s what the chart says about the potential setup and where the price could go from here.
PEPE price is approaching a crucial decision point as it stalls at a round-trip resistance zone. The narrative around this meme coin has been largely focused on its resilience throughout 2024, especially during the March crypto crash.
Despite the bearish tone of the market in the first half of 2024, PEPE price managed to recover from a low of $0.00000380 in January to reach a high of $0.00000830 in August.
However, since November, the price has encountered resistance at a descending trendline, leading to at least four major rejections. Each test from August to December 2024 resulted in a new lower high, indicating that sellers were quickly stepping in to shut down any bullish attempts.
At the moment, the price is encountering this trendline again at $0.00000735-$00.00000750, and so far, there’s no breakout confirmed.
Unless the price can close above $0.00000800 with strong volume, the structure remains bearish, and the risk of another pullback from this point is high.
But on the other hand, the price is showing signs of strength by consistently retesting this area, which could suggest that buyers are becoming more interested in accumulating at these levels.
PEPE has been pressing against resistance, but it’s also defended key support on the way down. From October to March, the price bounced at least three times from the $0.00000600-$0.00000650 zone.
This shows that buyers are defending this area fiercely, and each attempt to break lower failed. Finally, in April, the price found support again at $0.00000500.
If we connect the highs from August 2024, July 2025, and the potential upcoming breakout, it forms an interesting inverted head and shoulders pattern. This is a classic bullish reversal signal in technical analysis.
The left shoulder completed in early March with the high at $0.00000780, while the head completed in late March at $0.00000830. The right shoulder is forming now, and it will
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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