💵 According to AMBCrypto: $PEPE Bullish Pattern is Set in Motion

AMBCrypto reported earlier that PEPE was heading towards its ATH to retest that level. The trend continued as the meme coin came closer to testing its ATH.

In fact, Crypto Tony, a popular crypto analyst, also pointed out this development in a recent tweet.

As the meme coin was on track to test its ATH, its price increased by more than 3.6% in the last seven days.

At the time of writing, the meme coin was trading at $0.000008732 with a market capitalization of over $3.67 billion.

The possibility of PEPE going above its ATH seemed likely to happen in the coming days as a bullish ascending triangle pattern emerged.

The meme coin’s price has started to consolidate inside the bull pattern since the 1st of April. At press time, it was on the verge of breaking out of the pattern. A few of the metrics suggested a successful breakout.

For example, PEPE’s price remained above its 20-day Exponential Moving Average (EMA). The Relative Strength Index (RSI) also registered an uptick, hinting at a continued price increase.

However, a few of the indicators suggest otherwise. The Chaikin Money Flow (CMF) registered a sharp decline.

The Money Flow Index (MFI) also, after a comfortable rise, went down slightly, which might restrict PEPE from breaking above the pattern.