$PEPE 🚀 🚀Pepe Coin Price Prediction:

Can Reach $0.000002 in December?

With the buyers overcoming the recent pullback phase, the PEPE coin price skyrocketed with a trendline breakout rally. The trend accounts for a price jump of 45% over the past two weeks and reclaims the psychological mark of $0.0000015.

As per the trend-based Fibonacci retracement, the ongoing bull run challenges the hundred percent Fibonacci mark which may lead to a bullish breakout. In case of an outcome supporting the buyers and holders of pepe coin, the least momentum will prolong the prevailing up trend.

In such a condition, the breakout rally is expected to reach the overhead resistance of $0.0000019 accounting for a 16.6% gain.

Supporting the bullish possibility, the short-term memecoin price trend shows a rounding reversal with a spike in the intraday trading volume. Currently, the PEPE price trades at $0.00000162 with a minimal intraday gain to form a Doji candle reflecting an indecisive daily candle.

Is PEPE Price at Risk of New Correction? The anticipated rally in PEPE price could face intense supply pressure at $0.000019. This monthly resistance could pressurize the coin price for another correction. However, in such a correction, the coin holders can use the 38.2% or 50% to find a suitable pullback opportunity as the price has historically strong demand pressure.

Relative Strength Index: the daily RSI slope above 60% reflects market sentiment is Bullish

Moving Average Convergence Divergence: a Bullish crossover state between MACD and signal slope, reflects the buyers are traveling a recovery trend. #BinanceTokenDrop #PEPEPower #BinanceTokenDrop