PEPE coin on the weekly level
If we look at the weekly chart of the currency, we will notice that it underwent a somewhat violent correction at the end of May.
But by looking at the chart, it is clear that this decline is just a price correction in an upward trend.
This means that the price is supposed to rise again after forming a temporary bottom. Our expectation regarding this is that the bottom will be formed either at the $0.0000100 point or that the bottom has already been formed at the beginning of June.
Therefore, it is very possible that during the summer of 2024, PEPE price expectations will be optimistic. We may see a new peak for the price above the $0.00001600 point during the coming period.
But this depends first on the performance of the crypto market as a whole, especially Bitcoin