Pepe marks new ATH, here’s what’s next for PEPE price rally this month 🤑
With an increase of more than 10% in the past 24 hours, the price of Pepe has managed to rise above $0.00001 and formed a new all-time high peak of $0.00001128. This move has placed the coin in the top 25 cryptocurrencies at the 23rd position.
Currently, trading activity has intensified on the platform, so bullish forces may still be active, pushing the price towards higher targets.
The PEPE price started to rise from the last few days of February, gaining more than 850%. It then consolidated inside a descending parallel channel, forming a bullish flag pattern that triggered a breakout after reaching the apex.
Currently, the price is forming another bullish pattern, which may trigger another bull run with the goal of reaching the overhead target above $0.00002.
PEPE is currently one of the strongest coins in the cryptocurrency market as it has been breaking above the upper limit for the past few days. After reaching new highs, some may expect a negative outlook, but in reality, the bulls are aiming for new highs.
As mentioned above, the price broke out of the bullish flag, so a decline of similar magnitude occurred. After breaking through the 1 FIB level of $0.00001056, the price is preparing for the next move, but is experiencing a small correction.
Meanwhile, the bulls do not seem to be exhausted, so the highs may continue to fluctuate to reach the 1.2 FIB of $0.00001312. However, the RSI is about to enter overbought levels, which suggests that the uptrend will continue. On the other hand, the bulls continue to have a firm grip on the gains.
Pepe, which has not been listed on Cb or Robinhood, has a market cap of $4 billion. In addition.
memcoin has mainly outperformed the entire crypto market, with social and market activity leading the way. Therefore, a March-like rally is expected, which may seriously affect the entire cryptocurrency market and help Bitcoin price rise above consolidation.
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