Pepe Coin price prediction
Pepe, the top meme coin on the Ethereum network, has staged a strong rebound in the past few weeks, moving from a low of $0.0000031 on February 6 to the current $0.0000050 today. It has moved to the highest level since January 28.
The coin rebounded after forming a double-bottom pattern at $0.0000036 and a neckline at $0.0000072, its highest level in January this year. It rebounded after forming a falling wedge pattern, which is made up of two descending and converging trendlines.
The Relative Strength Index and the Percentage Price Oscillator (PPO) have continued rising, with the lines forming a bullish crossover pattern.
Therefore, the token will likely continue rising as bulls target the next key resistance level at $0.0000072, its highest level in January, which is about 45% above the current level. A drop below the key support level at $0.00000036 will invalidate the bullish outlook.#pepe神币 #Write2Earrn
