$PEPE
🚨 Pepe Price Analysis Targets Massive Breakout Rally 🚨
PEPE trades at a market price of $0.00001453, last seen on January 31, after 100 days. The stronger comeback has surpassed the 200-day Exponential Moving Average (EMA) and the 61.80% Fibonacci level at $0.00001426. This marks a key breakout as investors witness a rounding bottom breakout on the Pepe technical chart.
The PEPE price fell nearly 60% from $0.00001386 to $0.000005698, between February 1 to March 10. Bottoming out above the $0.0000050 psychological demand zone Pepe price action forms a semi-circle formation, called a rounding bottom pattern, with a neckline at the 61.80% Fibonacci level.
Currently, the PEPE price trades above the neckline and a daily closing above $0.00001426 will mark a decisive breakout, highlighting a 170% upside potential. The target is evaluated by adding the depth of the semi-circle to the breakout point, targeting $0.00003864. Hence, the pattern breakout’s optimistic target aligns with Coingape’s bullish PEPE coin price prediction.
The frog-themed meme coin surpasses the 200-day EMA, influencing an uptick in the 50 and 100 daily EMAs, hinting at a positive crossover. Furthermore, the rising MACD and signal lines with a surge of green histograms reflect increased trend momentum.
Based on the potential 61.80% Fibonacci level breakout, the retracement tool targets the 100% level at $0.00002649, a 75% rise. A minor hurdle at the 78.60% level near $0.00001870 could hamper Pepe’s potential surge to a new all-time high. However, a failure to drive daily closing above the neckline could prolong Pepe’s fluctuation within the pattern.
Conversely, a break under the 38.20% Fibonacci level near the $0.000010 psychological support will nullify the reversal pattern. The next support remains at $0.000007669.