#PEPE Price to Rise 50%? Monitor Key Breakout Levels

Pepe has risen 11.51% in the previous 24 hours, while meme coins have risen 6.67%. PEPE is particularly popular before of a breakthrough.

After today's advances, PEPE is down 13.25% since last Friday, a drop shared by most other cryptocurrencies.

Such factors have sent PEPE down 5.43% in the previous month, eliminating most of its recent gains.

Pepe is gaining trading attention as it makes progress. Meme coin trade volume rose 15.81% to $1.13 billion in 24 hours.

PEPE Chart Points Bullish: 50% rise?
AltCryptoTalk creator and trader Sjull noted a bullish PEPE chart pattern in an August 7th X post.

Sjull highlighted that PEPE prices were following a trend similar to April 2024. After breaking out of a consolidation zone after a price drop, PEPE rallied to a new all-time high.


PEPE's chart shows similar consolidation following the recent dip. He predicted a similar rise once this consolidation area cracks.

Daily, PEPE met critical resistance around $0.0000084, near the 200EMA (blue). It has also been consolidating between $0.0000069 and $0.00000822 for four days.

PEPE recently overcame these challenges in recent hours. It shattered consolidation and resistance with a forceful strike to $0.0000086.

Specifically, the 200EMA looks to be consolidating, breaking its August downturn. This suggests PEPE's next step up may reverse trend due to a changeover period.

The 20EMA's rising convergence with the 200EMA lends credibility to the idea. A significant crossing would signal an upswing.

PEPE's relative strength index stays optimistic at 55. This neutral attitude leans bullish, laying the groundwork for a surge.

Thus, the PEPE price might rise 50% to $0.0000126 or higher in the following days.

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