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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Nov 22, 2024 07:20 UTC
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PEPE Price Rally Eyes New ATH, Targets $0.00002989
PEPE’s post-retest rally gained 10% last night, ending a five-day red-candle streak and creating a bullish engulfing candle.
The recovery trend started at $0.000075 with a Morning Star pattern, and the uptrend targets $0.00002989.
PEPE’s 40% upside potential aligns with broader market recovery, with key support at $0.00001879.
Following the channel breakout rally in PEPE price creating an ATH in November, the meme coin shows a post-retest rally. As the bull run restarts in PEPE, bulls anticipate the rally to create a new ATH next week.
As one of the top performers, will PEPE explode to a new ATH next week? Check out Coinpedia’s latest PEPE article for more information.
PEPE Price Performance
In the daily chart of PEPE, the meme coin shows a bullish recovery, regaining momentum. The ongoing recovery trend started near the $0.000075 with a Morning Star patter
This rally peaked at nearly 200%, nearly $0.000025. However, the falling channel breakout rally took a quick retest of the previous all-time high near the $0.000017223.
The 10% surge last night, creating a bullish engulfing candle, ended the five-day consecutive red-candle streak. It also marked the post-retest bounce back for the meme coin.
Currently, the bull run is extended with an intraday gain of 2.79% as the PEPE price trades at $0.00002126.
What are PEPE 10x Rally Chances?
Using the trend-based Fibonacci levels, the uptrend is approaching the 23.60% Fibonacci level at $0.00002303. Considering that the recovery run of the broader market will be prolonged, the PEPE price bull run is likely to reach $0.00002989 by the end of November.
Hence, the PEPE price will explode with a massive upside of 40% in the next week. On the flip side, the $0.00001879 will likely provide bullish support.
Find out more in our PEPE price prediction for the upcoming year’s price targets.
FAQs
PEPE is trading at $0.00002126, up 10% last night, marking a post-retest bounce back from $0.000017223 after a channel breakout rally.
Short-term targets include $0.00002303, with potential to reach $0.00002989 by the end of November, signaling a 40% upside.
The $0.00001879 level provides bullish support, ensuring stability if the rally faces temporary pullbacks.
Yes 
No 
