🐸🔥PEPE Price Eyes a Rising Rise to Begin with Bitcoin's Resurgence
As the bull run in #BTC gains momentum following the successful retesting of the $65,000 mark, a new breeze of relief is starting to blow through the market. In the midst of this recovery, the PEPE meme coin is showing a potential price jump despite the ongoing correction phase.
As the expectation of a comeback intensifies among them, memecoin offers a discounted entry point.Dec. Will the price of #PEPE reach $ 0.000015 this month? Find out more in our PEPE price prediction.
PEPE Price Performance
With a market-wide slowdown, meme coins like PEPE are exhibiting a decreasing price trend. Despite the great bull run experienced in early March, the second half is leading to a rapid decline in bullish momentum.
To test the support zone from the peak of $ 0.000063 from $ 0.000010, the price of the PEOPLE fell by 33%. With the sharp increase in selling pressure, the price movement creates a decreasing trend line.
Taking into account the previous bull run, the pullback creates a bullish flag, which is known for its trend continuation theme. Also, the turnaround in Bitcoin and the upcoming Bitcoin halving increase the likelihood of the altcoin season.
Currently, the PEPE token is trading at a price of $ 0.0000067 with an intraday candle that mocks the formation of a Doji.
Technical Indicators:
EMA: The 200- and 50-day EMAS show a positive alignment with the general bullish trend. At present, the 50D EMA provides dynamic support to the retreat and causes the rebound.
RSI: The daily RSI line falls below the halfway line, providing a 14-day SMA dynamic resistance.
Will the PEPE Token Give the Flag Breakout?
With multiple bullish catalysts, the chances of a reversal for the frog-themed meme coin are strong. Therefore, the PEPE price can cross the overhead resistance trend line for a sprint up to the $ 0.000015 mark. However, buyers should overcome the supply by the psychological mark of $ 0.000010.
