PEPE Price Plans Next Leap For A 90% Rally!

The post PEPE Price Plans Next Leap For A 90% Rally! appeared first on Coinpedia Fintech News

As the Bitcoin price surpasses the $70K barrier, the uptrend in motion leads to a market-wide recovery. Further, as the demand grows with the Bitcoin Halving coming close, April 19th, the price of meme coins like PEPE could skyrocket for a massive jump. 

With the bulls taking over the market-wide trend control, the demand wave could domino effect a massive jump in PEPE. As investors prepare for a meme coin rally, look at the meme coin’s price chart for a longer PEPE Price Prediction. 

Will PEPE Price Jump 90% This Week?

Known for massive jumps, the PEPE price trend is concluding the previous pullback phase and preparing for the next rally. Following a 35% pullback, the meme coin forms a higher low and retests the demand zone present at $0.000006302.

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Currently, the PEPE price shows a consolidation range with the overhead ceiling at $0.00000850. However, the buyers are preparing for the second breakout attempt, which the sideline traders highly anticipate. 

Further, as per the trend-based Fibonacci levels, the overhead ceiling coincides with the 23.60% Fib level. As per the Fibonacci levels, the breakout rally could ignite a new jump, surpassing the previous peak at $0.000010. Hence, the chances of buyers reclaiming the psychological mark are higher than before. 

Technical Indicators: 

MACD: The bullish reversal in PEPE revives the strength of MACD and signal lines result in a positive turnaround. Hence, they tease a potential bullish crossover reflecting a bullish trend reversal. 

RSI: The daily RSI line shows the declining phase subsiding as it approaches the halfway line, reflecting demand at lower levels.

Will The Meme Coin Survive Overhead Supply?

Considering the uptrend surpasses $0.0000085, the bull run might challenge the psychological mark of $0.000010. However, with the highly anticipated bull run in Bitcoin, the PEPE price could hardly remain at $0.000010.

If the BTC price survives above $73K, the bull run in PEPE can reach the 100% Fib level at $0.000015 mark.