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The post <a href="https://coinpedia.org/price-analysis/pepe-price-retest-in-action-plans-a-reversal-rally-of-40/">PEPE Price Retest In Action: Plans A Reversal Rally of 40%!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Exiting the falling channel, the PEPE price trend hatches a long-term bullish pattern to prolong the uptrend. With an inverted head and shoulder pattern, the daily chart signals a solid bullish comeback for the meme coin.&nbsp; 
Therefore, despite the recent correction earlier this week, the buyers plan a rebuttal to revive the bullish momentum. Further, with the high anticipations for a bullish reversal, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">PEPE coin price prediction</a> eyes a stronger rally to end 2023.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="484" src="https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28-1024x484.png" alt="" class="wp-image-253542" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28-1024x484.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/14154423/PEPEUSD_2023-12-14_14-40-28.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source: <a href="https://www.tradingview.com/x/7GCtiKtl/">Tradingview</a> 
Bouncing higher with the dynamic support of the 50D EMA, the PEPE price ignites the December rally. Further, the 32.99% in the last 14 days, the meme coin is preparing for a bull run to cross higher levels.&nbsp; 
The meme coin shows a morning star pattern forming at the $0.0000014 support zone with long tail candles. Further, the rise in the top meme coins like Dogecoin and Shiba Inu reflects a sectoral turnaround.&nbsp; 
Currently trading at $0.00000144, the PEPE coin shows a bullish intraday growth of 2.44%, attempting to prolong the uptrend after the morning star formation.&nbsp; 
Technical indicators: 
EMA: From providing dynamic support to a bullish crossover with the 200-day EMA, the trend in 50D EMA signals a healthy uptrend.&nbsp; 
MACD: The MACD and signal lines merge to tease a bearish crossover due to the recent retest phase. However, a potential bullish turnaround with a successful retest will realign the average lines and reignite the positive trend.&nbsp;Hence, the momentum indicator supports the reversal possibility. 
<h2 class="wp-block-heading" id="h-will-pepe-price-jump-40-this-year">Will PEPE Price Jump 40% This Year?</h2> 
With Bitcoin bouncing back from $40K to cross $42K, the meme coins get the opportunity to cash in the bullish momentum. If the sprouting reversal rally gains 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 Retest In Action: Plans A Reversal Rally of 40%!

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