PEPE Price Eyes A Breakout Rally With Bitcoin’s Resurgence

As the bull run in Bitcoin regains momentum after the successful retest of the $65,000 mark, a fresh breeze of relief starts in the market. Amidst this recovery, the PEPE meme coin shows a potential price jump despite the ongoing correcction phase. 

As the anticipation of a bounce back grows intense amognst the sideliners, the meme coin offers a discounted entry spot. Will the PEPE price reach $0.000015 this month? Find out more in our PEPE price prediction. 

PEPE Price Performance

With a market wide slowdown, the meme coins like PEPE showcase a declining price trend. Despite the massive bull run earlier in March, the second half leads to quick fall in the bullish momentum. 

The PEPE price drops by 33% to test the support zone at $0.0000063 from the peak of $0.000010. With the sharp increase in the selling pressure, the price action forms a descending trendline.

With the previous bull run in consideration, the pullback forms a bullish flag, known for a trend continuation theme. Further, the bounce back in Bitcoin and the upcoming Bitcoin halving cements the altcoin season possibility. 

Currently, the PEPE token trades at a price of $0.0000067 with an intraday candle teasing a Doji formation. In the shorter-term, the meme coin hints at a morning star formation, known for igniting a bullish comeback. 

Technical Indicators: 

EMA: With an overall bullish trend, the 200 and 50-day EMA maintain a positive alignment. Currently, the 50D EMA provides dynamic support to the pullback, teasing a bounce back. 

RSI: The daily RSI line declines below the halfway line, with the 14-day SMA providing dynamic resistance. 

Will The PEPE Token Give Flag Breakout?

With multiple bullish catalysts, the chances of reversal are strong for the frog-themed meme coin. Therefore, the PEPE price could surpass the overhead resistance trendline for a sprint to the $0.000015 mark. However, the buyers must overcome the supply at the psychological mark of $0.000010.