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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/pepe-price-analysis-back-in-action-pepe-eyes-40-jump/">PEPE Price Analysis: Back In Action, PEPE Eyes 40% Jump!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
As the market regains bullish momentum, meme coins like the PEPE coin price capitalize on short bullish spurges. Maintaining the overall downtrend in a falling channel, the PEPE coin attempts to start a recovery rally to change the overall trend.&nbsp;
Moreover, with recent improving conditions, <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" rel="noopener noreferrer nofollow">PEPE price prediction</a> has turned optimistic for the coming year.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12-1024x480.png" alt="" class="wp-image-243408" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/09131138/PEPEUSD_2023-11-09_12-31-12.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Despite a high-speed pullback phase of a 65% decline between July and September, the Uptober spirits led to a trend reversal in PEPE price. With a double bottom reversal at $0.0000006028, the meme coin showcases a sharp increase in bullish trend momentum.
Rising above the 50-day EMA, the trend reversal gives an upside breakout of the falling channel pattern in the daily chart. The uptrend accounts for a price jump of 115% in the last three weeks and continues to head higher.&nbsp;
Currently trading at $0.0000013349, the PEPE price shows a bullish intraday growth of 12.47%, forming an engulfing candle. Further, the short-term price action shows a rounding bottom breakout teasing a price jump to $0.0000015.
Technical indicators:
EMA: The 50-day EMA continues to provide dynamic support and sustains a positive trend.
MACD: The MACD and signal lines diverge to regain the bullish alignment and avoid a negative crossover.&nbsp;
<h2 class="wp-block-heading" id="h-will-pepe-price-jump-40-this-year">Will PEPE Price Jump 40% This Year?</h2>
With Bitcoin gaining momentum above $36K, the altcoins, especially meme coins, are getting a bullish revival. If the ongoing uptrend is gaining momentum, the PEPE price rally can reach the $0.00000185 mark, accounting for almost a 40% hike.
However, a pullback under $0.000001185 can drop the prices to $0.0000010.

PEPE Price Analysis: Back In Action, PEPE Eyes 40% Jump!

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