Will PEPE reach a new record?

Popular memecoin $PEPE managed to recover after testing key support levels.

Many memecoins have been on the rise again as Bitcoin rose above $100,000. Memecoins, which attract investors through community and entertaining content, have been showing positive momentum in the last few days.

PEPE, one of the most popular memecoins after Dogecoin and Shiba Inu, managed to hold on to the support zone between $0.000018 and $0.00002 after the decline it experienced on December 9.

AMBCrypto stated that PEPE could continue its rise if it stays above the support zone in question.

According to AMBCrypto, PEPE will need to create a strong price chart in order to reach a new record level. PEPE, which reached an all-time high of $0.0000284 before the big crash on December 9, may have completed the correction phase created by the increasing selling pressure.

According to the analysis, $PEPE , which is trading in the $ 0.000024 region, managed to hold on to the 20-day moving average (EMA). The recovery from this level allowed the price to rise again.

According to the graphic analysis, the support of $ 0.000018 and $ 0.00002, which is in line with the 20-day EMA, should be followed. This level is reflected as a critical support area for buyers. If this support is broken, the #PEPE price is expected to fall back to $ 0.000015.

It was stated that one of the biggest resistance levels in front of PEPE is $ 0.000025. It was stated that the resistance point in question must be overcome in order for the uptrend to continue.

If PEPE can overcome the $ 0.000025 resistance, its next target may be $ 0.0000284. If this area is also overcome, a new record may come and the popular memecoin may touch the $ 0.00003 band.