Pepe Coin Price Analysis: Will $PEPE reach $0.00001 next week?

Pepe Coin Price Analysis: Amid a major build-up trend in Pepe, buyers gave a divisive breakout from inverted H&S signals indicating higher upside potential.

Pepe Coin Price Analysis: Amid the ongoing market recovery, Pepe Coin has seen a notable rebound this week, escalating from $0.00000592 to the current trading price of $0.00000842. This 42% rise on the daily chart revealed the formation of an inverted head and shoulder pattern. This bullish reversal setup commonly observed at a local market bottom indicates a shift in market dynamics from selling on rallies to buying on dips.

On-chain indicators are consistent for a Pepe Coin recovery.

PEPE, the frog-themed Memecoin, entered the current recovery trend in mid-April as its price rebounded from a low of $0.00000393. The bullish shift pushed the asset 128% in a month to a high of $0.00000893,

Amid this rebound on May 4th, currency buyers made a decisive breakout of the $0.000008 neckline resistance of an inverted head and shoulders pattern. If the chart pattern is correct, PEPE price should cross the recent swing resistance of 0.$0000108 to reach a potential target of $0.000012.