Pepe price prediction: wave of
recovery, target $0.00002
In May, the price of Pepe memecoin saw significant increases, reaching an all-time high of $0.00001725 on May 27.
Over the past three weeks, Pepe price has lost momentum and has been trending in a descending channel.
Following the decline, Pepe found support around $0.0000100 and the 61.80% Fibonacci level, which led to a resumption of the uptrend.
On the daily chart, $Pepe is currently trading between the 50 and 100 day moving averages.
If the bulls manage to break through the descending channel and break above the 50-day moving average, a strong uptrend could develop.
Failure to regain momentum could push Pepe towards its recent low at $0.00000880.
Due to inactive bearish pressure, Pepe price is expected to rise and potentially surpass the 0.786 Fibonacci level, or $0.00001374.
key levels:
RESISTANCE LEVEL: 0.0000$1400-0.0000$1750
SUPPORT LEVEL: $0.00001,000 – $0.00000760
$0.00001121
+11.21%
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