Pepe Price Prediction: Has the Meme Coin Correction Ended?

After March bull run, meme coin corrects in falling channel

• #Pepe coin saw a notable downturn beginning in mid-March, plunging sharply from its high point of $0.0000108.

• This downward movement broke through multiple support levels and dropped below the 50-day exponential moving average (EMA), resulting in a 65% decrease to $0.000003820.

• Despite the decline, a bullish recovery occurred within the channel, leading to a 31% increase over 5 days, suggesting a potential breakout in the near future.

• The observed trend aligns with broader market sentiment, evident from the falling channel pattern.

• The current Pepe price shows signs of preparing to breach the channel trendline.

• A bullish breakout above the overhead resistance trendline could signal a reversal in trend polarity, potentially driving the price above $0.0000108 by the end of the month.

• As per Coingabbar Price prediction, Conversely, failure to breach the overhead trendline may lead to a retest of the lower trendline near $0.000003820.

KEY LEVELS :

RESISTANCE LEVEL : $0.000008000-$0.000010000

SUPPORT LEVEL : $0.000004500-$0.000002500

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