Pepe Price Prediction: Pepe Rally Shows No Signs of Slowing

28-05-2024 By: Lokesh Gupta
Pepe Price Prediction: Pepe Rally Shows No Signs of Slowing

Pepe's trend steady climb with higher highs since April 13th

  • #Pepe coin has exhibited a notable bullish trend, marked by six consecutive weekly candlesticks closing in a bullish manner.

  • The latest week recorded an impressive 83% gain over the preceding seven days, reflecting strong bullish momentum.

  • Since April 13th, Pepe has consistently formed higher highs, indicating a sustained upward trend.

  • This trend has been reinforced by the coin's ability to breach resistance levels while adhering to an ascending trendline.

  • Pepe experienced a remarkable 300% surge from its low of $0.00000391 to achieve a new all-time high.

  • A rounding bottom reversal pattern observed on the daily chart further confirmed the bullish sentiment.

  • Currently, Pepe is made new all time high at $0.00001725 and is challenging the 1.618 Fibonacci level, suggesting potential for another breakout rally.

  • On the 4-hour chart, Pepe is observed within a rising channel pattern, with the current price rebounding from the channel's bottom, indicating a continuation of the upward trend.

  • According to Coingabbar prediction, A breakout above $0.00001678 could extend the current bull run, with potential price targets of $0.000020 or $0.000026 within the current week.

  • If the bulls fail to cross the 1.1618 Fibonacci barrier, a pullback will occur, and the price may drop to $0.00001300, followed by $0.00001000.

KEY LEVELS :

RESISTANCE LEVEL : $0.00002000-$0.00002600

SUPPORT LEVEL : $0.00001300-$0.00001000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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