Pepe Coin Experiences Significant Recovery Amidst Market Rebound

Pepe Coin has undergone a notable recovery since its recent low of $0.00000592, amidst the broader market rebound. The asset has exhibited consistent bullish momentum over the past three weeks, indicating a robust upward trend.

After breaking out from a bearish wedge and an inverted head and shoulder pattern, the coin experienced a pullback that approached the 50% Fibonacci level. However, the emergence of a morning star pattern on the Daily chart, coupled with a 3.53% intraday growth, suggests that Pepe Coin is poised for a potential post-retest surge.

The decisive breakout from the inverted head and shoulder pattern by buyers signals the possibility of further rally. Notably, on May 4th, coin buyers successfully surpassed the $0.000008 neckline resistance of the pattern.

According to Coingabbar Price prediction, the chart pattern suggests that Pepe Coin's price may exceed the previous swing resistance at $0.000010850, aiming for a potential level of $0.00001200 if the pattern remains valid.

Key Levels:

• Resistance Level: $0.000010000-$0.000012000
• Support Level: $0.000006700-$0.000005800

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