Will Pepe hit new highs again? The possibility of Pepe price hitting new highs after latest rally!
Pepe has gained a lot of attention recently after it rose more than 1200% to hit a new high of $0.00001725. Unfortunately, this attracted a lot of bearish activity, causing the price to drop more than 40%, hitting a monthly low around $0.00000968. The move likely attracted the needed liquidity, helping the price rise by around 20% to reach current levels around $0.00001175. Today, the editor of this site will share with you whether Pepe will hit new highs again? The possibility of Pepe’s price reaching a new high after the latest rebound has been introduced in detail. Currency friends in need can learn more about it together!
Now that PEPE prices have begun to rebound strongly, what is the possibility of hitting a new high this month? The recent rally has allowed the coin to remain within bullish territory as the lower key support levels held. Thereafter, the price is expected to initiate a “V-shaped” rebound and rise strongly to test higher targets. However, the current trading setup suggests that the bears have greater control over the rally and they may exert significant pressure in the coming days.
The rally in the first few days of Q2 triggered a strong recovery in the
rising wedge , leading to a
bearish pullback. However, the price remains within range as it rebounds from
$0.00001, which happens to be one of the most important support levels. Furthermore,
MACD shows declining selling pressure as levels are approaching to achieve a
bullish crossover. On the other hand, the drop in trading volume is causing concern as the buying volume on the day was much lower than the selling volume in the previous two days. Pepe’s price is expected to rise above
0.786FIB to reach
0.00001364 $ before bears remain passive. The popular
memecoin is expected to head towards its current all-time high price after finding a strong base at the Bollinger Bands Averages. However, the resistance at
$0.000016 may provide some headwinds and if the bulls show some strength, a new all-time high above
$0.000018 may be on the horizon. However, the bullish trajectory towards a new
ATH is still in its early stages and in order to validate this upward trend, Pepe price would need to reach
0.000013 USD before the end of the week. Failure to do so could trigger a
Bearishopportunity, which could cause prices to remain sideways for an extended period of time.
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