During the correction phase, PEPE price showed a falling channel, falling 42% in 42 days. However, the meme coin has risen 652% year-to-date, surpassing most top altcoins and Bitcoin.
Currently, PEPE's recovery rebound has started from the support trend line and the 78.60% retracement level. This marks a bull cycle within the retracement channel and foreshadows a breakout rebound.
A breakout rebound could allow PEPE to break through the $0.000010 mark or the 50% retracement level. The next potential target is $0.00001391 or the $0.00001669 mark, accounting for nearly 50% to 75% of the increase.
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