$PEPE Pepe Coin Price Forecast: What’s Next for the Meme Coin?

Most of the cryptocurrencies have seen a slight dip, with Bitcoin trading below $64,000 and Ethereum with a decrease of more than 4%, indicating a bearish trend. The meme coins also

have not been spared, experiencing significant volatility. DOGE and SHIB, two of the more popular meme coins, have seen declines in value that mirror the broader market downturn.

The meme coin Pepe reached its peak price in March, climbing to an unprecedented $0.00001074. It faced rejection at this high and subsequently entered a downtrend, creating lower highs and lower lows in a falling wedge configuration. The price found strong support at $0.0000047, enabling a bullish breakout toward the wedge’s upper boundary.