$PEPE
🚨 PEPE Price Analysis Spots Strong Support at $0.00001178 🚨
With a 7-day high at $0.00001539, Pepe coin is now trading at $0.00001334 with an intraday pullback of 2.11%. Coupled with the doji candle formed on Monday and increased volatility near $0.00001426, reflects indecisiveness in PEPE as it enters a breather phase.
Failing to surpass the 61.80% Fibonacci level at $0.00001426, Pepe hints at a potential retest of the 50% level at $0.00001178. Following a potential retest of the 50% level, Pepe’s prevailing triangle breakout rally could regain momentum. This put the triangle breakout price target of $0.00002209 back on bullish radars, an 80% upside from retest level.
As Pepe coin price holds above the 200-day Exponential Moving Average (EMA), the 50- and 100-day EMAs hint at a bullish crossover. This could trigger a buy signal and increase golden crossover chances. Additionally, the Relative Strength Index witnessed a minor drop within the overbought zone, suggesting a momentum drop. This aligns with PEPE price struggling near the $0.00001426 resistance, bolstering the retest chances.
In case of a steeper pullback under the 50% Fibonacci level, Pepe coin price prediction forecasts the 200-day EMA retest at $0.00001057. Meanwhile, the $0.0000090 support zone remains a stronghold for the meme coin.
A potential crash below $0.0000090 will negate the triangle breakout rally bounce back chances. Further, it might lead to a $0.0000074 retest.