Ethereum memecoins like PEPE are growing in popularity
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#Pepe Coin ($PEPE) recently hit a new all-time high, extending a three-month uptrend.
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The rally, led by PEPE's price surge, exceeded 20%, setting a new ATH above $0.000014 during early trading, marking a 55% increase over the past two days.
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PEPE's price movement aligns with expectations post-breakout from the bullish flag pattern, maintaining an upward trajectory.
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Surpassing the 1.236 Fibonacci retracement level at $0.00001316, $PEPE is poised to test higher targets, including the 1.50 Fibonacci level at $0.00001572.
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Despite a selloff from its recent peak of $0.00001300, PEPE faces increased bearish pressure.
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However, finding support at the 1.236 Fibonacci level suggests a potential trend reversal.
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According to Coingabbar prediction, Alternatively, a surge may drive PEPE coin to resistance at $0.0000142, targeting $0.000018 before correcting.
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If selling persists, the memecoin may drop to support at $0.00001, testing $0.0000088, shaking investor confidence.
KEY LEVELS :
RESISTANCE LEVEL : $0.000016000-$0.000020000
SUPPORT LEVEL : $0.000010000-$0.000008000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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