The PEPE price has displayed huge volatility since the start of the year and surged by over 1500%, reaching highs close to $0.000017. Further, the price faced a significant bearish action but soon entered a bearish pattern. However, the token has accomplished the outcome of the pattern by undergoing a 22.43% and rising by over 45% after a rebound. With this, the seller’s strength seems to have been exhausted and hence a strong upswing is expected to intensify hereafter.
The crypto markets have geared up as the tokens are about to enter a fresh bullish action. With a rise in the buying volume, most of the tokens are expected to trigger a strong rise and reach new highs. From a wider perspective, the PEPE price has broken within a decisive symmetrical triangle before reaching the edge of the consolidation. Hence suggesting the bulls have reclaimed their dominance, hinting towards a potential bull run ahead.
After the recent price action along with the supertrend, the Ichimoku cloud has flipped from a bearish trend. Besides, the price is constantly trying to breach the resistance zone between $0.00001075 and $0.000011. However, the bears have been exerting some pressure, which could be eased during the weekend, triggering a breakout. The RSI remains incremental, while the MACD suggests a rise in the buying pressure but the volatility is still required to increase.
Now that the memecoins have gained mainstream attention, the PEPE price is expected to regain its dominance. This price has not surged above the resistance zone since the August downfall and hence a rise may attract huge liquidity to the platform. This may not only elevate the levels beyond the yearly highs at $0.00001725 but could also reach $0.00002 before the end of the month.
