The most famous meme coin $PEPE is recording a surprising upward movement amid trading momentum exceeding $3.2 billion in just a few days.
But the real question is: Is there still room for upward movement?
According to technical analysis from CoinCodex, the price may head towards 0.000065 in the coming weeks, with critical support at 0.000012.
Any break of this level could retest lower areas, while staying above it could open the door for a second upward wave.
The 'Phoenix Rising' pattern has clearly appeared on the chart – a signal often used to predict a resumption of the upward trend after a correction.
But remember:
$PEPE Meme coin, making its movements very sensitive to market fluctuations and community interest.
The question for you now:
Are you in the trade? Or are you still watching from afar?
Share your analysis and let's follow the market together.
