$PEPE
🚨 PEPE PRICE TECHNICAL ANALYSIS 🚨
The daily chart shows that Pepe found a strong bottom around the $0.000060 level throughout 2024. It has failed to break below this price at least three times, forming a triple-bottom pattern with a neckline at $0.00002835, its all-time high. A triple bottom is a popular bullish reversal pattern.
Pepe has also formed a mini golden cross pattern, with the 50-day and 100-day Weighted Moving Averages crossing each other.
Therefore, the most likely price action is a short-term drop to retest support at $0.0000097, as retail investors take profits. It may then rebound and target the 50% Fibonacci Retracement level at $0.000017. A breakout above that level could open the door for more gains, potentially retesting its all-time high at $0.00002835.
