Pepe Coin

Pepe

Coin

Over the past two weeks, <a href="https://coingape.com/trending/top-reasons-why-pepe-coin-might-hit-new-ath/" rel="noopener noreferrer nofollow">PEPE</a>, the Frog-themed memecoin is wavering sideways struggling to sustain above the $0.0000086 resistance. Such similar consolidation in most major altcoins follows the lead of <a href="https://coingape.com/markets/bitcoin-price-prediction-key-levels-in-month-of-halving/" rel="noopener noreferrer nofollow">Bitcoin price</a> fluctuation around $70000. However, the pre-having consolidation likely influences this behavior, allowing the BTC price to stabilize as the event heightens volatility. Will the PEPE price surpass this uncertainty to regain the $0.00001 mark?
Also Read: <a href="https://coingape.com/markets/pepe-price-forecast-is-0-0001-imminent-following-whale-signals-and-positive-momentum/" rel="noopener noreferrer nofollow">Pepe Price Forecast: Is $0.0001 Imminent Following Whale Signals and Positive Momentum?</a>
<h2 id="b-ascending-triangle-pattern-signals-further-gains-ahead-b">Ascending Triangle Pattern Signals Further Gains Ahead</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/o/oGeDKsKH.png" alt="BINANCE:PEPEUSDT Chart Image by sahilmahadik07" width="1946" height="937">
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 Pepe Coin Price| Coingape
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On March 19th, the <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">Pepe coin price</a> rebounded from its correction from the combined support of 50% retracement and $0.00000582 support. The reversal uplifted the meme coin value by 47% in the last two weeks to challenge the horizontal resistance of $0.0000086.
Amid the current market consolidation, the PEPE price showcased several failed attempts to surpass the overhead barrier evidenced by the long-wick rejection candle. Despite the overhead supply, the coin price develops a well-known bullish continuation pattern called an ascending triangle.
<blockquote>
 The higher low formation in this structure indicates the buyers are gradually strengthening their grip over this asset, promoting a decisive breakout from key neckline resistance. With an intraday gain of 8%, the PEPE price breaks above the $0.0000086 barrier and currently trades at $0.0000088.&nbsp;
</blockquote>
Sustaining this breakout will accelerate the bullish momentum and set the Pepe price on a 22% surge to rechallenge the $0.0000108. A break above this barrier will get better confirmation of continued recovery.
On a contrary note, the ascending trendline of the triangle pattern is intact and may act as dynamic support for the current recovery. However, losing this support may bring a notable correction in this asset.
Technical Indicator
<ul>
 <li style="font-weight: 400;" aria-level="1">BB Indicator: The expansion of the <a href="https://coingape.com/education/bollinger-band/" rel="noopener noreferrer nofollow">Bollinger Band indicator</a> indicates the short-term trend is entering momentum, a suitable opportunity for breakout buyers.</li>
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily RSI slope above 60% highlighted a bullish sentiment among market participants.</li>
</ul>
The post <a href="https://coingape.com/markets/pepe-coin-price-eyes-22-surge-as-buyers-break-resistance/" rel="noopener noreferrer nofollow">Pepe Coin Price Eyes 22% Surge as Buyers Break Key Resistance Level</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price Eyes 22% Surge as Buyers Break Key Resistance Level

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