Pepe coin experienced a significant recovery amidst the recent market rebound, commencing from a low of $0.00000592.
Demonstrating consistent bullish pressure over the past three weeks, the asset suggests a robust upward trend.
Recent pullback breached close to the 50% Fibonacci level, subsequent to a breakout from a bearish wedge and an inverted head and shoulder pattern.
With a 3.53% intraday growth and the emergence of a morning star pattern on the Daily chart, Pepe Coin appears primed for a potential post-retest surge.
Decisive breakout from the inverted head and shoulder pattern by buyers hints at the possibility of further rally.
Notably, on May 4th, coin buyers successfully breached the $0.000008 neckline resistance of the inverted head and shoulder pattern.
As per Coingabbar Price prediction, chart pattern suggests Pepe Coin's price might surpass the last swing resistance at $0.000010850, targeting a potential level of $0.00001200 if the pattern holds true.
KEY LEVELS :
RESISTANCE LEVEL : $0.000010000-$0.000012000
SUPPORT LEVEL : $0.000006700-$0.000005800
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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