Coinpedia-Market-Insight

Correction powered retest teases a bullish comeback for PEPE!

Long
CRYPTO:PEPEUSD   Pepe
Correction Retest at $0.0000014 Zone: PEPE coin is currently undergoing a correction retest of the bullish break at the $0.0000014 zone.

Inverted Head and Shoulder Pattern: An inverted head and shoulder pattern in the daily chart indicates a potential bullish comeback.

Potential for a 40% Hike: The post-retest reversal could lead to a significant 40% increase in PEPE price.

Exiting Falling Channel: PEPE's exit from a falling channel suggests the initiation of a long-term bullish trend.

Rally Fueled by Dynamic Support: The rally is supported dynamically by the 50-day EMA, showing robust uptrend signs.

32.99% Increase in 14 Days: PEPE has seen a notable rise in its value over the last two weeks.

Trading at $0.00000144: PEPE is currently trading at this price, with an encouraging intraday growth.

Morning Star Pattern Formation: A morning star pattern at the $0.0000014 support zone indicates potential for upward movement.

Sectoral Turnaround in Meme Coins: The rise in top meme coins like Dogecoin and Shiba Inu suggests a broader sectoral shift.

Technical Indicators - EMA and MACD: The EMA suggests a bullish crossover, while the MACD indicates a possible bearish crossover due to the recent retest.

Possible Jump to $0.00000185: If the reversal rally gains momentum, PEPE price could potentially reach $0.00000185.

Risk of Decline to $0.0000010: A pullback below $0.000001185 could lead to a decline to $0.0000010.

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