As the memecoin market improves, everyone is wondering whether PEPE can rise from $0.000020 to the important mark of $0.000026.
Bitcoin is now firmly above $96,000, and the memecoin market has also benefited from it, with the entire market value rising 4.47% to $105.06 billion.
In this good situation, PEPE stands at the key point of $0.00002032. From the 4-hour chart, the price of PEPE has begun to rebound, and it has risen by nearly 13.35% this week. It seems that investors have regained confidence.
However, if PEPE wants to continue to rise, it has to break through the 61.80% Fibonacci level, which is not an easy task. But the good news is that there may be a golden cross between the 50 and 200 moving averages on the 4-hour chart, which should attract more people to buy PEPE. Moreover, the RSI line has been moving sideways above the midpoint, which shows that the bullish force is still quite strong.
So, judging from these indicators, PEPE still has hope to continue to rise. If it really breaks through the 61.80% Fibonacci level, which is $0.00002122, then everyone will have more confidence to buy.
According to this trend, PEPE may be able to challenge the next important level of $0.000026917. If it can rise here, the bull market will be more promising. Of course, if it falls below the 50% Fibonacci level, which is $0.000018327, the 38.20% support level will test the strength of the bulls. But in general, everyone is still quite optimistic about PEPE now.
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