💵 $PEPE Price Forecast: On The Cusp Of 35% Action To $0.00002 - CoinGape Analytics

The four-hour chart reveals an ascending triangle pattern, which is validated can lead to a 15% move in the price of Pepe. This triangle has been forming as the token consolidate in the wake of the rally to the record high.

An ascending trend line affirms the strengthening bullish grip while the horizontal line or x-axis represents the resistance. Bulls have tried to break through this hurdle with no success.

Nonetheless, the triangle is still valid as long as the price is within its boundaries. Traders would be ready with buy orders slightly above the x-axis. Such a breakout should be accompanied by high volume. The 15% move will propel PEPE price to $0.0000178 and possibly create FOMO among investors wishing to jump onto the trend. This triangle can be the beginning of a larger rally above $0.00002.

Conversely, immense selling pressure could engulf Pepe if the ascending trend line weakens, paving the way to a breakdown. Two levels; $0.000014 and $0.000013 will come in handy and may stop the fall, but traders cannot rule out an extended move to $0.00001 just yet.