Here is What’s Next for Pepe (PEPE) Price Rally: Will it Reach $0.000015 This Week?
The post Here is What’s Next for Pepe (PEPE) Price Rally: Will it Reach $0.000015 This Week? appeared first on Coinpedia Fintech News
The Pepe price is rising again! Memecoins, along with other popular altcoins, are gaining traction as the BTC price maintains an upward trend. After breaking above the bullish pattern, the PEPE price is following a consolidated upswing, forming consecutive higher highs and lows. This suggests the price is prone to extended bullish action, provided the bulls gain more exposure and a chance to uplift buying pressure with a significant influx of volume.
The popular memecoin appears to have undertaken a diverse plan to reclaim the lost levels and eventually mark a new ATH. The price is forming consecutive higher highs as it intends to mark another upswing of over 40%. The token is about to begin with a fresh bullish wave, which may elevate the levels above the 1 FIB level, $0.00001054. Currently, a notable pullback has dragged the levels below $0.00001, but it appears to be a short-lived consolidation.
The price recently formed a new ATH at $0.00001156 a few days ago, which was followed by a notable pullback. However, the bulls have jumped in at the right time and hence it appears that a new ATH may be on its way. But when and at what levels?
Along with the price, the RSI is also forming constant higher highs and lows, which indicates the bulls are holding a significant dominance. Meanwhile, the volume continues to drop, suggesting a drop in bearish strength. Therefore, maintaining an ascending trend, the PEPE price is believed to mark a new ATH before the end of the month, somewhere at 1.2 FIB levels at $0.00001306.
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