$PEPE
🚨 Pepe Price Prediction Points to a Crash This Year 🚨
The three-day chart shows that the value of Pepe peaked at $0.00002825 in December last year, pushing its market cap to over $10 billion for the first time ever. It has plunged by over 70% from its highest level in December, costing investors billions of dollars.
Pepe price has moved below the lower side of the ascending channel that connects the lowest point since April last year. Most recently, the Pepe Coin price has formed a rising wedge chart pattern, which often leads to a bearish breakout.
This wedge pattern formed after a big crash, meaning that it has formed a bearish flag. It has also dropped below the 50-day moving average. Therefore, the most likely Pepe forecast is where it stages a strong bearish breakout, potentially to $0.0000009618, down by almost 90% from the current level.
The bearish outlook will become invalid if the Pepe price rises above the important resistance level at $0.00001057. A move above that level will see it soar to the next point at $0.000017, the highest swing in May last year.