Price Analysis View Non-AMP

PEPE Price Reveals Upcoming 40% Jump Next Week

Published by
Sohrab Khawas

With a bearish day after the Ethereum ETF approval, the meme coins are struggling to gain momentum. Amidst such slowdown, the PEPE price shows a similar pullback and warns of a correction under a crucial support. 

However, the larger picture with a bullish trend in motion promises a turnaround. Will the uptrend in the PEPE token survive the short-term correction for a bull run this week? Find out more in our PEPE price prediction

PEPE Price Performance

Following the successful post-retest reversal of a rounding bottom breakout, the PEPE price shows an impressive uptrend. The meme coin has increased its market value by almost 200% in five weeks. 

The massive uptrend signals increasing demand for the meme coin as the broader market improves. Further, with the growing anticipations of an altcoin season coming soon, the meme coin is impending to explode for a massive surge. 

Currently, the PEPE price trades at $0.00001396 with an intraday fall of 6.15%. This reflects a bullish exhaustion after the 11.52% jump yesterday. If the bulls fail to recover, the exhaustion phase can breach under $0.000013.

Technical Indicators: 

MACD: The MACD and signal lines avoid a bearish crossover as they regain an uptrend with a surge in bullish histograms. 

DMI: The VI and ADX reflect a bullish trend with increased momentum bolstering a bull run possibility. 

Will PEPE Reach $0.000020?

With a bullish trend in motion and the high anticipation of a bull run in the crypto market, the meme coin is ready to jump. However, the short-term correction delays the moonshot rally. If the bull run continues, the PEPE price could breach the 1.618 Fibonacci level at the $0.000019 mark to reach $0.000020. 

Conversely, a crack under the $0.00003 mark could retest the $0.000017 mark. 

Also Check Out : Altcoins Rally Halts! Ethereum Classic And ENA Price Hints At A 10% Downtrend?

Sohrab Khawas

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.

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