Add as a preferred source on GooglePepe (PEPE) Trades Above $0.00000403 October Forecast Ceiling
An afternoon quote also exceeded a $0.00000449 weekly technical level, but it did not establish a daily or weekly close above either threshold.
Pepe (PEPE) traded at $0.0000046 at 1:52 p.m. ET (17:52 UTC) on Oct. 20, putting the Ethereum-based meme token above an October forecast ceiling and a separate weekly technical level.
The quote was up 11.79% over 24 hours. It exceeded the October projection’s upper estimate of $0.00000403 and the $0.00000449 level in a weekly technical setup. Those levels describe different things: one is a monthly estimate, while the other is part of a sequence of price thresholds.
The October projection ranged from $0.00000281 to $0.00000403, with an average of $0.00000342.
In the weekly setup, $0.00000394 marked support at the 50-day exponential moving average. The path toward $0.00000449 called for a daily close above $0.00000414 and a move past $0.00000419. The analysis also identified $0.00000476 as a further level.
PEPE’s displayed 24-hour range was $0.0000041 to $0.0000047 at the time of the quote, keeping its low above the identified support. The afternoon price was an intraday reading; whether PEPE closed above the technical thresholds remained to be determined.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.