Frog-themed token Pepe surged by 15.50% over the last seven days, correlating with Bitcoin's rise above the $48,000 level, indicating a reversal from a month-long downtrend.
The price of Pepe has been consistently declining on the daily chart for the past two months.
A deeper analysis of the daily timeframe chart reveals that Pepe's price correction is confined within a falling channel pattern.
According to Coingabbar Price Analysis, If the observed pattern persists, it suggests that Pepe's price might move upwards towards the neckline resistance positioned at $0.00000162, potentially resulting in a gain of nearly 50%.
KEY LEVELS :
RESISTANCE LEVEL : $0.000001200-$0.000001500
SUPPORT LEVEL : $0.000000850-$0.000000600
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