{"id":1345340,"date":"2024-11-09T00:30:00","date_gmt":"2024-11-09T00:30:00","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/pepe-slips-into-correction-here-are-key-levels-to-watch-for-a-rebound\/"},"modified":"2024-11-09T00:30:00","modified_gmt":"2024-11-09T00:30:00","slug":"pepe-slips-into-correction-here-are-key-levels-to-watch-for-a-rebound","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/pepe-slips-into-correction-here-are-key-levels-to-watch-for-a-rebound\/","title":{"rendered":"PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<p>After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its <a href=\"https:\/\/www.newsbtc.com\/news\/pepe-coin\/pepe-open-interest-72-ath\/\" target=\"_blank\" rel=\"noopener\">recovery<\/a> potential. Will these key levels hold the line and fuel a bounce-back, or is PEPE in for a longer dip?<\/p>\n<p>This article will provide an in-depth look at PEPE&#8217;s current price movement within its correctional phase. By highlighting significant support and resistance levels, this piece seeks to equip <a href=\"https:\/\/www.newsbtc.com\/dogecoin-2\/dogecoin-shiba-inu-pepe-top-memecoins-profits\/\" target=\"_blank\" rel=\"noopener\">investors<\/a> and traders with valuable insights into possible rebound zones and the factors that could influence its recovery or further declines.<\/p>\n<h2>Understanding PEPE&#8217;s Correction: What Triggered The Pullback?<\/h2>\n<p>PEPE has recently taken a bearish shift on the 4-hour chart, encountering strong resistance at $0.00001152. This struggle to sustain the uptrend has triggered a decline, pushing the asset toward the 100-day Simple Moving Average (SMA). A drop below this SMA could amplify selling pressure, while a rebound might signal a potential price reversal.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-652208\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/11\/PEPE-Slips-Into-Correction-Here-Are-Key-Levels-To-Watch.jpeg\" alt=\"PEPE\" width=\"860\" height=\"511\" loading=\"lazy\" \/><\/p>\n<p>An analysis of the 4-hour Relative Strength Index (RSI) suggests that <a href=\"https:\/\/www.newsbtc.com\/press-releases\/pepe-price-falling-wedge-sign-is-bullish-altcoiners-snatch-flockerz-in-presale\/\" target=\"_blank\" rel=\"noopener\">bullish<\/a> strength may be waning. Currently, the RSI has fallen to around 68% from the overbought zone, indicating that the buying pressure is diminishing. If the RSI continues to drop, it may indicate that the <a href=\"https:\/\/www.newsbtc.com\/press-releases\/bitgert-pepe-coin-solana-which-crypto-will-outperform-the-market-in-2024\/\" target=\"_blank\" rel=\"noopener\">market<\/a> is becoming more oversold, possibly paving the way for a deeper correction.<\/p>\n<p>On the daily chart, PEPE is exhibiting significant negative movement, as reflected by a bearish candlestick. This ongoing downward trend highlights a prevailing selling pressure within the market. Although the meme coin is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlestick suggests that upward momentum may be limited.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-652209\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/11\/1731190817_201_PEPE-Slips-Into-Correction-Here-Are-Key-Levels-To-Watch.jpeg\" alt=\"PEPE\" width=\"860\" height=\"511\" loading=\"lazy\" \/><\/p>\n<p>Finally, on the 1-day chart, the RSI signal line is approaching the critical 50% level after rising above it. The 50% mark represents a neutral zone, suggesting a balance between <a href=\"https:\/\/www.newsbtc.com\/press-releases\/pepe-price-weakens-solana-rallies-blockdags-testnet-launch-sparks-buying-spree-is-it-next-big-roi-asset\/\" target=\"_blank\" rel=\"noopener\">buying<\/a> and selling pressure. A dip below 50% could signal a shift towards bearish sentiment, while holding above or climbing back above 50% may imply continued bullish strength, possibly leading to more price <a href=\"https:\/\/www.newsbtc.com\/news\/company\/could-rollblock-be-2025s-pepe-coin-analysts-tout-50000-gains-plus-dogs-crypto-price-prediction\/\" target=\"_blank\" rel=\"noopener\">gains<\/a>.<\/p>\n<h2>Where PEPE Could Find Stability<\/h2>\n<p><a href=\"https:\/\/www.newsbtc.com\/analysis\/pepe\/pepe-faces-key-support-test-at-0-00000589\/\" target=\"_blank\" rel=\"noopener\">Key support levels<\/a> are crucial price points where PEPE could find stability and reverse its current downtrend. One of the primary support levels to watch is the $0.000000766, which has historically acted as a crucial level of support. If PEPE&#8217;s price approaches this level, it could trigger renewed buying interest, potentially leading to a rebound.<\/p>\n<p>However, should the <a href=\"https:\/\/www.newsbtc.com\/news\/company\/experts-predict-pepe-coin-crash-while-new-memes-march-forward\/\" target=\"_blank\" rel=\"noopener\">meme coin<\/a> break this level, it could lead to a prolonged <a href=\"https:\/\/www.newsbtc.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/\" target=\"_blank\" rel=\"noopener\">decline<\/a>, possibly pushing the price toward $0.00000589 and beyond.<\/p>\n<p><img decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/11\/PEPE-Slips-Into-Correction-Here-Are-Key-Levels-To-Watch\" alt=\"PEPE\" width=\"2283\" height=\"1265\" loading=\"lazy\" \/><br \/>\n<br \/><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/pepe\/pepe-slips-into-correction\/\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its recovery potential. Will these key levels hold the line and fuel a bounce-back, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1345341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1345340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.businesstelegraph.co.uk\/pepe-slips-into-correction-here-are-key-levels-to-watch-for-a-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. 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