PEPE Price At All-Time High Signals 85% Upside Potential

With a bullish tide rising altcoins in the crypto world, the meme coin industry is on the rise. Amidst the rising bullish momentum, the PEPE coin price jump makes it the best performer in the top 100 coins within 24 hours. 

With the bull run in motion reaching a new all-time high, will the upturned continue for PEPE? Will PEPE continue to spearhead the market-wide recovery and jump 85% in the coming days? Find out more in our PEPE price prediction. 

PEPE Price Performance

With the falling channel breakout and an inverted head and shoulder formation, the meme coin price is on a moonshot rally.  As mentioned in our previous articles, the meme coin siphons momentum from the bull market and aims to reach $0.000020.

With the bullish reversal from the $0.0000050 mark, the PEPE price action shows a rounding bottom reversal with a neckline at $0.000010. As the buyers surpass the psychological mark of $0.000010, the uptrend is gaining momentum. 

Currently, the PEPE price trades at $0.0000102 with an intraday gain of 3.39%. This reflects an uptrend continuation to the 13.26% rise overnight. Hence, the rising demand increases the possibility of a bull run continuation. 

Technical Indicators: 

MACD: The bullish trend in MACD and the signal line continues as the overall demand grows for the meme coin. 

RSI: The daily RSI line approaches the overbought boundary, reflecting a surge in buying pressure.

Hence, the momentum indicators predict an increase in the bullish momentum for the PEPE price trend.

Will PEPE Reach $0.000020?

As the increasing traidng volume bolster the bullish trend, the PEPE price could easily systain above the psychological mark of $0.000010. In such a case, as per the Fibonacci levels, the uptrend could hit the 1.618 level at $0.000019.

On the flip side, a retest of the $0.000010 mark could be witnessed.