PEPE Market Update

PEPE currently trades at $0.0000072273, down by 0.74% over the last 24 hours. The coin has dropped 75% since its all-time high, with a market cap of approximately $3 billion and is forming an ascending triangle pattern.

Price Analysis

Since early March, PEPE has shown signs of a possible breakout. Despite the overall volatility in the crypto market, PEPE’s trading volume remains steady, indicating accumulation by long-term investors amid short-term bearishness.

PEPE has been trading within an ascending triangle, facing a horizontal resistance level at $0.0000074653. This pattern suggests accumulation and potential breakout.

Price Chart Information

This month, PEPE has formed an inverse head and shoulder pattern on the hourly chart, with a neckline at $0.00000750, which is a crucial resistance level. A sustained breakout above this level may lead to a 40% rally targeting $0.000010.

Key support for PEPE is at $0.0000069511, with immediate resistance at $0.0000074653 and further resistance at $0.0000081432. Multiple tests of the resistance indicate weakening sell pressure, increasing breakout potential.

Currently, PEPE trades near the 20-day EMA, indicating consolidation, while the 50-day EMA at $0.0000069511 suggests longer-term bullish support. The MACD shows decreasing bearish momentum with a line at 0.0000000767 converging with the signal line.

Price Targets

With the ascending triangle structure, PEPE’s upside targets are $0.0000074653 and $0.0000081432, with the potential to reach $0.0000085000 if momentum increases. Conversely, lower targets include $0.0000069511 and $0.0000060.