PEPE Price Analysis and Forecast: Will PEPE Coin Rise to $0.00000192 by the End of June?

Against the recent recovery in crypto market sentiment, the frog-themed meme coin PEPE has shown a V-shaped trend. Its currency price has risen 82% from last week's low of $0.00000092 to the current trading price of $0.00000116. However, the daily chart is starting to show signs of profit booking, suggesting that Pepecoin price may see a minor pullback before resuming its current recovery trend.

So, will the price of PEPE Coin jump to $0.00000192 before the end of June?

PEPE Coin Price Technical Analysis

This week, PEPE price has shown strong buying momentum with six consecutive green candles and increasing volume activity. This price action reflects the opportunity for continued recovery and trend reversal.

However, after such a massive increase, asset prices may see a minor correction, providing a brief respite for buyers in the market. As the coin price moves higher, the daily chart is starting to show candles with higher shadows and lower bodies, indicating that the bullish momentum is gradually waning.

Hence, PEPE price is likely to witness a minor pullback and retest the immediate support at $0.00000152 to replenish the bullish momentum. This potential pullback could provide traders with a downside opportunity before the recovery rally resumes.

Analyzing the PEPE daily chart above, we can conclude the following:

• Pepe coin is expected to retrace 14% before finding support at $0.00000135
• $0.00000152 is a strong accumulation area
• Pepecoin coin’s 24-hour trading volume is $126.5 million, indicating a loss of 43.5%.

Will PEPE still rise? Can it rise to $0.00000192

As indirect supply increases, PEPE price may enter a consolidation phase above $0.00000152.

This pullback will also verify whether buyers can sustain higher levels or if the recent rally is a bull trap. If buyers manage to hold $0.00000152 levels in the coming weeks, LUNC price will extend the recovery towards the next significant resistance level at $0.00000192.

• Relative Strength Index: Daily RSI slope value above 60%, highlighting traders’ high buying momentum
• Exponential Moving Average: 50-day EMA slope fluctuating around the $0.00000152 mark, adding support to this level strength.

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