Whether PEPE can turn the current bull run into a breakout rally is currently the focus of the market.

In the recent market correction, the price of PEPE has experienced a downward channel, falling 42% in just 42 days. Despite this, the meme coin has risen by 652% since the beginning of the year, surpassing most other altcoins and Bitcoin.

Currently, PEPE's recovery rebound has started from the support trend line and the 78.60% retracement level. This indicates that the correction within the bull cycle may have ended and foreshadows the upcoming breakout rebound.

This breakout rebound is expected to push the price of PEPE above the $0.000010 mark or the 50% retracement level.

The subsequent possible targets are $0.00001391 or $0.00001669, which cover nearly 50% to 75% gains.

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