🐸🔥Pepe Coin Price Prediction Hints at Final Retracement Before $PEPE Breaks $0.00001

#pepe Coin Price Forecast: On Monday, the cryptocurrency market witnessed an important entry after the price of Bitcoin rose to $ 72,000. This recovery accelerated the relief rally for the majority of altcoins, especially the memecoin sector. The most important assets of this category, such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (#PEPE ) and Bonk, recorded a remarkable rise during the market rally, reflecting investor interest in them.

Will the Bullish Streamer Lead To a Big Price Increase?

Pepe Coin Price Forecast | Tradingview

For more than a month, the Pepe coin price has been trading sideways, resonating with two converging trend lines that show an upward trend. The continuation setup developed above the 50% withdrawal level also highlights the health retreat, which allows buyers to regain control over this asset.

On April 5, the Pepe Price witnessed the latest reversal of the model from the support trendline and reached the $ 0.0000076 mark, supporting 20%. If the broader market continues to rise, coin buyers may increase the price by another 8%, hitting the overall trend line at $ 0.0000082.

A successful breakout above the pennant pattern will support buyers and indicate the continuation of the recovery trend. The post-breakout rally could follow the initiated target of $0.0000108, followed by $0.000013 and an ambitious high of $0.0000167.

However, on the contrary, if the coin price falls below the low support trend line, the supply pressure intensifies and prolongs the current correction. This malfunction could push the Pepe coin up to the $0.00000313 mark.

Super Trend: The daily chart, which reflects a green film on the price of PEPE, shows that the broader trend continues to rise.

Moving Average Convergence Divergence: The MACD (blue) and the Signal (orange) moving flatly above the midline usually indicate a constructive retreat for buyers to gain strength.

#Memecoins #binance