Pepe Coin Price Analysis: Will $PEPE Hit $0.00001 in the Coming Week?đ„”
Pepe Coin Price Analysis: Amid the ongoing market rebound, the Pepe Coin experienced a notable recovery this week, escalating from $0.00000592 to its current trading price of $0.00000842. This 42% upswing in the daily chart revealed the formation of an inverted head and shoulder pattern. This bullish reversal setup commonly observed in the marketâs local bottom indicates a shift in market dynamic from selling on rallies to buying on dips.
Amid the renewed recovery sentiment, this activity accentuates higher growth potential for the PEPE price.
On May 4th, the coin buyers gave a decisive breakout from the $0.000008 neckline resistance of inverted head and shoulder pattern. If the chart pattern holds true, the PEPE price should surpass the last swing resistance of $0.0000108 to hit a potential target of $0.000012.đ
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