Will PEPE double its price in May? – CoinPedia analysis

With a boom in meme coins, PEPE price projects a crucial entry point in the 4H chart. As the post-retest rally of a falling channel gains momentum, the meme signals a possibility of a reverse head and shoulders breakout.

Rising against bearish opposition at the $0.0000080 supply zone, PEPE price is seeing a significant increase in momentum. With an intraday rise of 5.59% followed by 7% last night, the meme coin marks the third consecutive bullish candle.

According to the Fibonacci retracement levels, the rally could surpass the psychological $0.000010 mark to reach the $0.000014 mark. Therefore, if the market as a whole maintains a recovery trajectory, PEPE is expected to experience a 2x increase in May.

Looking at the fundamentals, it seems clear that the market is hinting at a near-term recovery, but could change course as USDC (which was recently integrated into Whitechain) overtakes USDT in monthly trading , which means the new liquidity cycle for the market