Pepe Price Prediction:Are Bulls Fueling for Another Breakout

01-06-2024 By: Lokesh Gupta
Pepe Price Prediction:Are Bulls Fueling for Another Breakout

Pepe Token surges over 500% since March inception

  • #Pepe coin Pepe's price has initiated a strong rebound, gaining over 5% in the last 24 hours.

  • After touching $0.00001313, $PEPE price has shown robust bullish momentum, signaling a significant rebound.

  • The current price action of $PEPE suggests that it is trading within a rising wedge pattern, indicating a potential consolidation phase.

  • On the daily chart, PEPE's crypto price exhibits a clear uptrend, characterized by higher highs and higher lows.

  • According to Coingabbar prediction, If the bulls sustain the current rally, there is a possibility for Pepe coin to reach its all-time high (ATH) and establish $0.00001725 as a support level.

  • Conversely, if the bulls fail to breach the ATH, PEPE could experience a retracement towards $0.00001300.

  • Further decline below this level might lead to a drop to $0.00001100, potentially invalidating the bullish outlook.

KEY LEVELS :

RESISTANCE LEVEL : $0.00001725-$0.00002000

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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