Pepe Marks a New ATH; Here’s What Could Be Next for the PEPE Price Rally This Month

Pepe Marks a New ATH; Here's What Could Be Next for the PEPE Price Rally This Month

By Coinpedia Fintech News

With a surge of over 10% in the past 24 hours, Pepe's price has surpassed $0.00001, reaching a new all-time high (ATH) of $0.00001128. This ascent has propelled the token into the top 25 cryptocurrencies, ranking 23rd. Currently, trading activity on the platform has escalated, suggesting that the bullish momentum may continue, driving the price towards higher targets.

The PEPE price rally commenced in late February, resulting in an upswing of over 850%. The subsequent consolidation within a descending parallel channel formed a bullish flag pattern, which triggered a breakout upon reaching the apex. Presently, the price is in the midst of forming another bullish pattern, potentially initiating a new bull run towards targets exceeding $0.00002.

PEPE stands as one of the most robust tokens in the crypto markets, consistently breaking through upper barriers in recent days. Despite reaching a new ATH, some may anticipate a negative outlook; however, in reality, the bulls are determined to achieve further highs. As mentioned, the price broke out of a bullish flag, propelling it forward with similar magnitude. After surpassing the 1 FIB level at $0.00001056, the price is preparing for its next move, experiencing a minor pullback.

Meanwhile, the bulls show no signs of exhaustion and may continue their upward trajectory, targeting the 1.2 FIB at $0.00001312. The RSI indicator approaches overbought levels, suggesting a continuation of the uptrend. Nonetheless, the bulls maintain their firm grip on the rally, keeping bullish hopes alive.

Remarkably, Pepe has achieved a market cap of $4 billion without being listed on major exchanges such as Coinbase or Robinhood. Additionally, memcoins have significantly outperformed the overall crypto market, exhibiting leading combined social and market activity. Consequently, a March-like upswing is anticipated, potentially impacting the entire crypto market and facilitating Bitcoin's rise above its consolidation.