🚀🐸 Pepe Cows Prepare To Skip Friday's Sale, Sending PEPE Prices Soar 28% 📈📉
Despite the current market decline, Pepe prices remain high.
PEPE's value forecast is up 28% to $0.0108.
If the price falls below the new low of $0.00760, the bullish thesis will become useless.
Despite increased general selling pressure across the cryptocurrency market on May 10, Pepe (PEPE) price remained stubbornly low. While several cryptocurrencies saw double-digit drops in value as Bitcoin (BTC) fell 4%, the PEPE meme currency remained relatively stable.
Pepe's price is still increasing.
With a path above the local high set on March 14, Pepe's price movement looks brighter compared to other altcoins. Pepe has skyrocketed 134% in less than a month and shows signs of further growth, and is in a sideways pattern.
With the recent recovery above the range midpoint of $0.00835, pepe price is currently trading within a range of $0.00581 to $0.0108. Specifically, this change bodes well for investors because the recovery occurred at the same time as the Awesome Oscillator (AO) and Relative Strength Index (RSI) respectively climbed above the The respective averages are 0 and 50. The bullish momentum is definitely building and under control, as this move clearly shows.
Therefore, Pepe price is likely to outperform the market if the crypto market outlook remains the same. PEPE is likely to mount a 25% rally, exiting $0.00835 and reaching a high of $0.0108.
Conversely, a structural bullish break would be indicated if Pepe's price ends each trading day below the $0.00760 swing low that occurred on May 8. Bullish thesis for PEPE will become worthless as this scenario will result in lower lows.
A 25% drop in Pepe price, to a low in the $0.00581 range, could occur if holders panic sell their PEPE tokens.