Top Analysts Predict 25% Spike for PEPE Meme Coin Despite Mixed Signals: Key Resistance and Support Levels Outlined

Top Analysts Predict 25% Spike for PEPE Meme Coin Despite Mixed Signals

RLinda, a crypto analyst on TradingView, analyzed the potential price direction of the PEPE meme coin. According to their analysis, the coin is currently in a "deep correction phase" with its price at the support zone, indicating strong buyer support at that level.

The focus is now on whether the price can break through the upper boundary. Significant support exists at $0.00000761, where buyers are showing strength. This level determines the volume growth and potential for recovery.

RLinda believes the price could still fall below the key level, but the market currently indicates a higher likelihood of a recovery, suggesting bullish moves.

The recovery zone will be validated if the coin breaks above the $0.00000951-$0.00000991 price range. A close above this zone should form a bottom, indicating a potential upward rally.

RLinda highlights $0.00000952, $0.00000991, and $0.00001084 as the resistances to watch for, while supports are $0.00000886 and $0.00000761.

The current price action has already broken past the $0.00001084 and $0.00000991 price resistances, suggesting a potential spike to the next key levels.

However, RLinda acknowledges that the price action is complex due to the current consolidation of Bitcoin's price. Bitcoin's price may impact other altcoins, and if it rises, we can anticipate a bullish move for other altcoins as well.

AltFINS, another crypto analytics firm, also provided an analysis of PEPE, indicating mixed trends. However, they agree that the coin's price is in a long-term uptrend based on its trading above the 200-day moving average.

According to AltFINS, the coin's price bounced off $0.0000078 support and broke back above $0.0000091 resistance, signaling a potential resumption of the uptrend with a +25% upside potential to $0.0000113.

Despite the positive sentiment, AltFINS believes the short-term and medium-term trends are still down, while the long-term trend remains up.

Key resistance levels identified by AltFINS are $0.0000091 and $0.0000113. However, a price dip could lead to a fall to $0.0000078 and then $0.000006.

The analysis suggests that the Moving Average Convergence Divergence Indicator (MACD) shows the MACD Line still below the MACD Signal Line, but momentum may be bottoming based on rising MACD Histogram bars.

The Relative Strength Index (RSI-14) indicates that the price is neither overbought nor oversold.

Overall, the analysis from both RLinda and AltFINS highlights mixed signals for the PEPE meme coin. While both agree on the potential for a price recovery, they also note the possibility of a price dip based on short-term and medium-term trends.