PEPE's recent price surge of approximately 130% over the last month, reaching a new all-time high on May 13th, has sparked interest in its potential for riding the GME wave.

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Technical analysis reveals a bullish reversal at $0.0000050, forming a rounding bottom with a neckline at $0.000010. This suggests a possible upward movement as buyers aim to break through the psychological resistance at $0.000010, potentially fueling further uptrend momentum.

Additional indicators, such as the falling channel breakout and the inverted head and shoulders pattern, hint at a significant rally in PEPE's price. Confirmation of the inverse head and shoulders pattern could lead to a breakout from $0.00000972 to $0.000013, representing a 50% target from the neckline.

With the ongoing bullish momentum, PEPE's price target could range from $0.0000150 to $0.0000184, supported by the 1.61 external Fibonacci retracement level.

However, it's essential to exercise caution as the Relative Strength Index (RSI) exceeds 70, indicating overbought conditions. A breach of this level may induce a bearish reversal, potentially testing the $0.0000073 EMA support.

Key levels to watch include resistance levels at $0.000013000-$0.000018000 and support levels at $0.000009000-$0.000007300.

Remember, this analysis from Coingabbar serves as informational guidance only. It's crucial for investors to conduct their research, exercise judgment, and be aware of the inherent risks associated with cryptocurrencies and other decentralized investments. Consult financial professionals and assess your risk tolerance before investing.

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