Pepe Coin Exhibits Bullish Momentum

Pepe coin has demonstrated a significant bullish trend, marked by six consecutive weekly candlesticks closing in an upward trajectory.

The most recent week witnessed an impressive 83% surge over the preceding seven days, highlighting the strong bullish momentum.

Since April 13th, Pepe has consistently formed higher highs, indicating a sustained upward trend.

This trend has been reinforced by the coin's ability to break through resistance levels while adhering to an ascending trendline.

Pepe experienced a remarkable 300% surge from its low of $0.00000391, reaching a new all-time high.

A rounding bottom reversal pattern observed on the daily chart further corroborated the bullish sentiment.

Currently, Pepe has established a new all-time high at $0.00001725 and is approaching the 1.618 Fibonacci level, suggesting the potential for another breakout rally.

On the 4-hour chart, Pepe is observed within a rising channel pattern, with the current price rebounding from the channel's bottom, indicating a continuation of the upward trend.

According to Coingabbar's prediction, a breakout above $0.00001678 could extend the current bull run, with potential price targets of $0.000020 or $0.000026 within the current week.

However, if the bulls fail to overcome the 1.1618 Fibonacci barrier, a pullback may occur, potentially leading to a price drop to $0.00001300 and subsequently $0.00001000.

KEY LEVELS:

• RESISTANCE LEVEL: $0.00002000-$0.00002600
• SUPPORT LEVEL: $0.00001300-$0.00001000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments are provided for informational purposes only and do not constitute financial advice. Users are strongly advised to conduct their own research, exercise sound judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar assumes no liability for any financial losses. Cryptocurrency and NFT markets can be highly volatile, and users should consult with financial professionals and assess their risk tolerance before investing.