Pepe coin saw a notable downturn beginning in mid-March, plunging sharply from its high point of $0.0000108.
This downward movement breached multiple support levels and dropped below the 50-day exponential moving average (EMA), resulting in a 65% decrease to $0.000003820.
Despite the decline, a bullish recovery occurred within the channel, leading to a 31% increase over 5 days, suggesting a potential breakout in the near future.
The observed trend aligns with broader market sentiment, evident from the falling channel pattern.
The current Pepe price shows signs of preparing to breach the channel trendline.
A bullish breakout above the overhead resistance trendline could signal a reversal in trend polarity, potentially driving the price above $0.0000108 by the end of the month.
As per Coingabbar Price prediction, conversely, failure to breach the overhead trendline may lead to a retest of the lower trendline near $0.000003820.
KEY LEVELS :
RESISTANCE LEVEL : $0.000008000-$0.000010000
SUPPORT LEVEL : $0.000004500-$0.000002500
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