$PEPE 🐸 Coin was one of the best-performing cryptocurrencies on Friday, rising to $0.000014, its highest level since February 1st. It has increased by more than 153% from its lowest level in March, becoming one of the top winners.

This recovery came after the coin formed an inverted head and shoulders pattern, a popular bullish reversal signal. It also formed what appears to be a double bottom pattern at $0.0000057.

Pepe Coin has surpassed the neckline at $0.0000092 and is approaching the 61.8% Fibonacci retracement level at $0.000014385. It also surpassed the 200-day exponential moving average (EMA), a signal that the bulls have returned.

Pepe price

Pepe price chart | Source: TradingView

Therefore, it is likely that the coin will continue to rise as the bulls target the next key resistance level at $0.00001700, the 50% Fibonacci retracement point. A breakout above that level will indicate more gains, potentially up to the all-time high of $0.000028.🚀🐸👑✅