#Pepe

𝙏𝙤𝙥 3 𝙍𝙚𝙖𝙨𝙤𝙣𝙨 𝙒𝙝𝙮 𝙋𝙚𝙥𝙚 𝘾𝙤𝙞𝙣 𝙄𝙨 𝙉𝙤𝙩 𝘿𝙚𝙖𝙙 𝙔𝙚𝙩 𝘼𝙣𝙙 𝙋𝙧𝙞𝙘𝙚 𝙈𝙖𝙮 𝙎𝙪𝙧𝙜𝙚 𝙎𝙤𝙤𝙣

Pepe Coin price trades at $0.00001042 today, June 19, down by over 36% from its highest point in May. It has crashed by over 62% from its all-time high, erasing over $5.7 billion in value. Still, Pepe’s technicals, falling exchange balances, and whale buying signal that it is not dead yet.

The daily timeframe shows that the Pepe Coin price formed a double-bottom pattern at $0.0000057 between March and June. This pattern often leads to a strong bullish breakout, which explains why it jumped to a multi-month high of $0.00001652.

Pepe price has now pulled back as the crypto market crash intensifies amid fears of a widespread crisis in the Middle East. Technically speaking, this crash is part of the ongoing bull run since the coin seems to be targeting the double-bottom’s neckline at $0.000009257. This price action is known as a break-and-retest pattern and is often a continuation sign.

The ongoing pullback is also part of the formation of the bullish flag pattern. A bullish flag is made up of two parts: a flagpole and a flag. In this case, the flag pole starts at $0.000005741 and ends at $0.00001625, giving it a length of $0.00001050.

Pepe is now forming the flag section, which is characterized by a falling channel. Therefore, the price target for the coin is estimated by adding the flagpole length and the potential breakout point, which, in this case, is around $0.00001200. This gives it a price target of $0.00002250, up by 116% above the current level. A move above that price will raise the odds of the coin soaring to the all-time high of $0.00002827