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The post <a href="https://coinpedia.org/price-analysis/pepe-price-eyes-a-breakout-rally-with-bitcoins-resurgence/">PEPE Price Eyes A Breakout Rally With Bitcoin’s Resurgence&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the bull run in Bitcoin regains momentum after the successful retest of the $65,000 mark, a fresh breeze of relief starts in the market. Amidst this recovery, the <a href="https://markets.coinpedia.org/pepe/">PEPE</a> meme coin shows a potential price jump despite the ongoing correcction phase.&nbsp; 
As the anticipation of a bounce back grows intense amognst the sideliners, the meme coin offers a discounted entry spot. Will the PEPE price reach $0.000015 this month? Find out more in our <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">PEPE price prediction</a>.&nbsp; 
<h2 class="wp-block-heading" id="h-pepe-price-performance">PEPE Price Performance</h2> 
With a market wide slowdown, the meme coins like PEPE showcase a declining price trend. Despite the massive bull run earlier in March, the second half leads to quick fall in the bullish momentum.&nbsp; 
The PEPE price drops by 33% to test the support zone at $0.0000063 from the peak of $0.000010. With the sharp increase in the selling pressure, the price action forms a descending trendline. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182-1024x509.png" alt="" class="wp-image-287368" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/04/05121617/image-182.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<a href="https://www.tradingview.com/x/1Puvp8Xb/">TradingView</a> 
With the previous bull run in consideration, the pullback forms a bullish flag, known for a trend continuation theme. Further, the bounce back in <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> and the upcoming <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin halving</a> cements the altcoin season possibility.&nbsp; 
Currently, the PEPE token trades at a price of $0.0000067 with an intraday candle teasing a Doji formation. In the shorter-term, the meme coin hints at a morning star formation, known for igniting a bullish comeback.&nbsp; 
Technical Indicators:&nbsp; 
EMA: With an overall bullish trend, the 200 and 50-day EMA maintain a positive alignment. Currently, the 50D EMA provides dynamic support to the pullback, teasing a bounce back.&nbsp; 
RSI: The daily RSI line declines below the halfway line, with the 14-day SMA providing dynamic resistance.&nbsp; 
Also Read : <a href="https://coinpedia.org/price-analysis/here-is-why-you-need-to-be-bullish-on-solana-a-fresh-bullish-spell-could-trigger-a-30-jump/">Here is Why You Need to be Bullish on Solana: A Fresh Bullish Spell Could Trigger a 30% Jump</a> 
<h2 class="wp-block-heading" id="h-will-the-pepe-token-give-flag-breakout">Will The PEPE Token Give Flag Breakout?</h2> 
With multiple bullish catalysts, the chances of reversal are strong for the frog-themed meme coin. Therefore, the PEPE price could surpass the overhead resistance trendline for a sprint to the $0.000015 mark. However, the buyers must overcome the supply at the psychological mark of $0.000010.

PEPE Price Eyes A Breakout Rally With Bitcoin’s Resurgence

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