PEPE price analysis

(note: the post contains data by CoinPedia)

With a rounding bottom reversal in the daily chart, PEPE creates a massive bull run, creating a new all-time high. However, as it ends Monday on a 4.26% positive note, an intraday pullback of 4.25% is visible today. 

The pullback undermines yesterday’s jump and warns of a correction spree in the coming days. As per the Fibonacci retracement levels, the meme coin is well established above the 1.618 level and is ready for a retest. 

Considering the bulls make a comeback with a successful retest, the PEPE price could surge to the $0.000021 mark or the 2.618 Fibonacci level. 

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