Over the course of the previous several months, the PEPE meme currency has seen some difficulties, and it has been unable to profit on the current bull run. On the other hand, the token seems to be going through some kind of rebound as of late, as seen by the fact that its value has seen a large boost over the course of the last week.

Although PEPE has undoubtedly captured the attention of a number of investors, it also seems to be a cryptocurrency that is of interest to those who are knowledgeable about cryptocurrencies. As an example, a well-known cryptocurrency analyst on the X platform has issued a request for investors to purchase the meme coin.

Is the Price of PEPE Going to Reach $0.0000017?

A well-known cryptocurrency expert predicted that the price of PEPE will continue to rise in an article that was published on X not too long ago. Taking into consideration the present configuration of the cryptocurrency, the expert believes that it is in a position to have a bullish run to the upside.

There is a development of an inverted head-and-shoulders chart pattern on the three-day timescale, which is the basis for this optimistic prediction. A bullish-to-bearish trend reversal is often shown by the head and shoulders price pattern, which also indicates that an upward trend is about to come to an end.

A bullish chart formation that suggests a probable reversal of a downward trend is referred to as an inverted head and shoulders pattern. On the other side, this pattern is a bullish chart formation. It has been reported by Martinez that the price of PEPE is now forming a right shoulder of the inverse head and shoulders pattern. This indicates that there is an imminent possibility of an upward increase in price.

A purchase alarm has been sounded for the PEPE meme currency, according to the crypto expert, who also said that the TD (Tom Demark) Sequential signal has gone off. Ali Martinez believes that the cryptocurrency will follow a bullish path over the long run, given the good signal that has been received and the bullish chart pattern that has been seen.

Before confirming the bullish thesis, it would be reasonable to wait for a break and sustained closure above the neckline. This would be what would be sensible. In this scenario, the price of PEPE might go as high as $0.0000017, which would be a possible increase of 65% from the current price point. Investors may stand to benefit from this scenario.

Price for PEPE
As of the time of this writing, the price of PEPE is about $0.000001015, which represents a rise of over 1% over the course of the last twenty-four hours. With that being said, the meme currency has been successful in retaining the majority of its profit throughout the course of the week.

According to information provided by CoinGecko, the value of the PEPE coin has increased by ten percent over the course of the last week. However, when seen from a more comprehensive viewpoint, the cryptocurrency has had a difficult time reaching the heights it formerly inhabited.

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