Rally

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/pepe-price-analysis-is-pepe-ready-for-a-breakout-rally-to-jump-20-this-month/">PEPE Price Analysis: Is PEPE Ready For A Breakout Rally To Jump 20% This Month?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a sharp recovery of 4.70% in the last 24 hours, the PEPE coin price reclaims its spot in the top-performing cryptos. Ranking as the third biggest meme coin per market cap, the PEPE coin price finds a sharp recovery, ready to give a breakout entry opportunity.&nbsp; 
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PEPE coin price action maintains a declining trend under the influence of a strong resistance trendline. The bear trend accounts for a significant price drop of 24% within the last three weeks.&nbsp; 
Currently, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">PEPE coin price</a> action forms a double bottom pattern by finding support at the 61.80% Fibonacci level. The Fibonacci level is at $0.000001225 and bounces higher PEPE coin price to challenge the resistance trendline.&nbsp; 
However, the meme coin faces higher price rejection leading to an evening Star pattern. Hence, we can expect another negative cycle before any breakout.&nbsp; 
Moreover, the bullish divergence in the RSI indicator projects a potential reversal in the meme coin. It can lead to the resistance trendline breakout and the 50% Fibonacci level at $0.000001343.&nbsp; 
Optimistically, the 50% Fibonacci level breakout can drive the meme coin price by 20% to reach the 23.60% Fibonacci level at $0.00000160. However, a further decline in the meme coins market value can break down the 61.80% Fibonacci level. The breakdown can drop the prices by 15% to test the 78.60% Fibonacci level at the psychological mark of $0.0000010.

PEPE Price Analysis: Is PEPE Ready For A Breakout Rally To Jump 20% This Month?

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