PEPE's Price Surge and Bullish Outlook

PEPE's price has exhibited a remarkable surge of approximately 130% over the past 30 days, culminating in a new all-time high on May 13th.

Chart analysis reveals a bullish reversal at $0.0000050, forming a rounding bottom with a neckline at $0.000010. This pattern indicates a potential upward movement.

As buyers breached the psychological resistance at $0.000010, the uptrend gained momentum. The falling channel breakout and inverted head and shoulders pattern suggest a significant rally in the meme coin's price.

Confirmation of the inverse head and shoulders pattern indicates a potential breakout from $0.00000972 to $0.000013, marking a 50% target from the neckline.

With the ongoing bullish momentum, PEPE's likely price target ranges from $0.0000150 to $0.0000184, supported by the 1.61 external Fib retracement.

Caution is advised as per Coingabbar's Price prediction, as the RSI exceeds 70, indicating overbought conditions. A breach may induce a bearish reversal, testing the $0.0000073 EMA support.

Key Levels:

• Resistance Level: $0.000013000-$0.000018000
• Support Level: $0.000009000-$0.000007300

Disclaimer:

Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments are provided for informational purposes only. They do not constitute financial advice. Users are strongly advised to conduct their own research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets can be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.