{"id":142262,"date":"2023-08-25T16:08:57","date_gmt":"2023-08-25T10:38:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/channel-pattern-signals-30-upswing-crypto-news\/"},"modified":"2023-08-25T16:09:01","modified_gmt":"2023-08-25T10:39:01","slug":"channel-pattern-signals-30-upswing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/channel-pattern-signals-30-upswing-crypto-news\/","title":{"rendered":"Channel Pattern Signals 30% Upswing &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-157629\">\n<p>\nDemand pressure at a lower trendline sets the PEPE coin price for a strong upswing; should you buy?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25160559\/kgTvpP99-e1692959780460.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"PEPE price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 6 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">The Pepe coin has witnessed a steady correction over the past six weeks, falling with a series of lower highs and lows. The downfall initiated from the $0.00000188 high, tumbled the price by 57.6% to reach the June low of $0.00000082. However, the daily chart indicates the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/parallel-channel-pattern\/\">channel pattern<\/a> formation this fall, showcasing a possibility of recovery.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/pepe-coin-developers-selling-huge-pepe-price-tanks-by-20\/\">PEPE Coin Developers Selling Huge? PEPE Price Tanks by 20%<\/a><\/p>\n<h2><b>Pepe Coin Daily Chart: Key Points<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The falling channel pattern governs the current downfall in the PEPE price<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bullish bounce from the lower trendline of the chart pattern sets the price for a 30% upswing<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The 24-hour trading volume in the Pepe coin is $304.6 Million, indicating a 301% gain.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"PEPE Coin Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/k\/kgTvpP99.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/k\/kgTvpP99.png\" alt=\"PEPE Coin Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source-tradingview<\/p>\n<p><span style=\"font-weight: 400\">The ongoing correction in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/pepe-coin\/\">Pepe coin price<\/a> has entirely evaporated the gains obtained during the June-July rally. With an intraday fall of 6.3%, the coin price plunged back to the channel\u2019s lower trendline. A long tail rejection attached to the daily candle reflects the altcoin price witnessed high demand pressure at this dynamic support.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">Under usual conditions, the aforementioned support should bolster an upswing back to the overhead trendline.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Thus, with increasing bullish momentum, the Pepecoin coin may rise 30% from the current trading price of $0.0000009<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Can Pepe Coin Rise Back to the $0.00000188 Level?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Amid the ongoing downfall, the Pepe coin rebounds twice from the upper trendline and four times from the lower, indicating its strong influence on pride behavior. An anticipation rally may surge the prices by 30% but will prolong the downtrend until the upper trendline is intact, therefore, to obtain a better confirmation of trend change, the buyer should give a bullish breakout from the upper resistance, which may drive the prices back to $0.00000188 mark.<\/span><\/p>\n<ul>\n<li><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI slope<\/a> at an oversold region may attract more buyers luring for discounted assets<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Bollinger Band:<\/b><span style=\"font-weight: 400\"> A lower price rejection at a bottom band of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band indicator<\/a> projects a high possibility of a bullish reversal.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/pepe-coin-price-prediction-channel-pattern-signals-30-upswing\/&#038;text=PEPE Coin Price Prediction: Channel Pattern Signals 30% Upswing in Near Term\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/pepe-coin-price-prediction-channel-pattern-signals-30-upswing\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/pepe-coin-price-prediction-channel-pattern-signals-30-upswing\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/pepe-coin-price-prediction-channel-pattern-signals-30-upswing\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA157629\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD157629\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand pressure at a lower trendline sets the PEPE coin price for a strong upswing; should you buy? Published 6 seconds ago The Pepe coin has witnessed a steady correction over the past six weeks, falling with a series of lower highs and lows. The downfall initiated from the $0.00000188 high, tumbled the price by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":142263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-142262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142262"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142262\/revisions"}],"predecessor-version":[{"id":142264,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142262\/revisions\/142264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142263"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}