Crypto Express

07/28 01:18

PEPE Coin Price Action and Technical Analysis

The technical analysis of PEPE coin revealed that the meme coin is in an uptrend. Support has recently been found at the 50% Fibonacci retracement level.

Price action showed investors and traders view this 50% retracement as a potential reversal zone. This was further confirmed by forming a bullish hammer candlestick pattern.

Based on the current price action, $0.0000119 is a key support level. If PEPE holds this level, the meme coin could soar by 20% and reach the $0.000015 level soon.

However, this level may be breached, and the price falls. If this happens, it could trigger further downside momentum as market sentiment shifts to bearish.

PEPE’s Chaikin Money Flow (CMF) stood at 0.08, indicating moderate buying pressure. This suggests that accumulation may be underway despite recent price consolidating.

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