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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

PEPE Eyes 150% Jump To Grab Liquidity At $0.000025 After Bouncing Off ‘Powerful Support’

Scott Matherson
Scott Matherson
1 month ago
3 mins read
PEPE

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Crypto analyst Crypto Inside has provided a bullish outlook for the PEPE meme coin. The analyst predicted that it could witness a 150% surge as it looks to grab the liquidity above its current range.

PEPE Eyes Rally To $0.000025 In Bid To Grab Liquidity Above

In a TradingView post, Crypto Inside shared an accompanying chart in which he predicted that PEPE could jump to as high as $0.000025 following its reclaim of the $0.000010 support zone. He explained that this price surge could occur because there is currently more liquidity above than below. 

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PEPE

PEPE Eyes 150% Jump To Grab Liquidity At $0.000025 After Bouncing Off ‘Powerful Support’

1 month ago

The chart showed that there is a total sell liquidity of 10,678.659 trillion around this $0.00025 range. Meanwhile, the total buy liquidity for PEPE below its current crucial support zone is 6,827.768 trillion. It is worth mentioning that a rally to $0.000025 will bring the meme coin close to its current all-time high (ATH) of $0.00002825. 

Crypto Inside touched on the meme coin’s liquidity depth. The analyst stated that the price moves from one liquidity to another and that this is the meme coin’s fuel. He remarked that there is significantly more of this fuel accumulated at the top, alluding to the sell liquidity. 

PEPE
Source: Crypto Inside on Tradingview

The analyst added that PEPE has always been a highly speculative asset, and during prolonged one-sided movements, extremely high funding is formed in it. This, he noted, provokes sharp jumps in price.

Crypto Inside also commented on the current PEPE price action. He noted that the meme coin has now reached the largest zone of interest at $00.0000817 and is trying to consolidate there. He remarked that this is a powerful level around which consolidation can be expected before further growth. However, he warned that if the PEPE price falls below it without the possibility of returning, it will be an extremely bearish signal. 

The Meme Coin’s Narrative Is Still Strong

As part of his analysis, Crypto Inside suggested that PEPE’s narrative is still strong, which is why the meme coin still has a chance to reach new highs. He explained that the narrative itself is still important in meme coins and that PEPE is an “eternal meme,” which will live forever. He added that it is the embodiment of meme culture in the world. 

Related Reading

PEPE

PEPE Eyes 150% Jump To Grab Liquidity At $0.000025 After Bouncing Off ‘Powerful Support’

1 month ago

The analyst assured market participants that there is no need to fear PEPE’s oblivion. He declared that it will definitely not die as a narrative and that there is nothing to worry about. However, he admitted that new meme coins like Fartcoin have stretched liquidity across the market, and many have left PEPE for “new shiny things.”

At the time of writing, the PEPE price is trading at around $0.00001056, over 11% in the last 24 hours, according to data from CoinMarketCap.

PEPE
PEPE trading at $0.000010 on the 1D chart | Source: PEPEUSDT on Tradingview.com
Featured image from Medium, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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