Pepe price analysis: PEPE price surged by 12.6% in the last 7 days, including a 10% increase in the past 24 hours to trade around $0.00001189. Pepe’s price has been moving sideways for some time now and the recent spike in price may be in anticipation of ETH ETFs trading potentially beginning soon.
Pepe Price Analysis: Critical Support Level Must Hold For 2X Gains
PEPE price has been correcting from its previous all-time high (ATH) price for about a month now. The has also previously broken out of an ascending triangle in a classic textbook breakout, which is usually followed by a retest.
The price of PEPE is now at the upper trendline of the ascending triangle, trending sideways along this support level. PEPE has been in consolidation for the past 11 days, further reinforcing the $0.0000105 support level as a potential bounce-off area.
The correction in price has formed a one-month-long falling wedge which is expected to break out to the upside in a 96% move that will set the
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