Pepe Price Forecast: Is $1 the next stop on Pepe's journey?

This week, the price of $PEPE rose by a staggering 70%, indicating strong momentum and increased buying activity within the market.

Analysis of the daily chart reveals a breakout pattern known as a round bottom, which indicates a reversal to the upside.

This breakout succeeded in pushing the price of PEPE above the important psychological level of $0.00001.

After breaking the round bottom, there was a breakout of the neckline, which increased the uptrend by an additional 70% during this week.

Pepe's price action shows a consistent pattern of forming higher lows and higher highs, indicating a continuing upward trend.

The 65% rise this week forms a bullish engulfing candle on the weekly chart. With the formation of higher highs and momentum from the breakout of the rounded bottom, investors expect PEPE to cross $0.00002000.

If the bulls cannot break the $0.00001600 level, they may fall back to the $0.00001380 support level, which has been tested twice before.

Main levels:

Resistance Level: $0.000020000 - $0.000025000

Support Level: $0.000011500 - $0.000009000

Disclaimer: Guidance and chart analysis regarding cryptocurrencies, NFTs, or any other decentralized investments are for informational purposes only. None of it is financial advice.#EarnFreeCrypto2024 #Binance #bitcoin