Pepe Price Prediction: PEPE Pumps 8%, But This New Meme Coin Star Is Taking On BONK, WIF And MYRO On Solana.

The Pepe price has pumped 8% in the past 24 hours to trade at $0.0000009623 as of 8:40 a.m. EST on trading volume that surged 168% to $241 million.

The Pepe Price Poised For Bull Rally Above The Falling Wedge Pattern.

The PEPE price has broken above the falling wedge pattern, which signals a bullish trend reversal. The support level for Pepe at $0.00000060 established a base for positive momentum, allowing the bulls to propel the price upward, reaching $0.00000180 resistance.

The bears discontinued the momentum, forcing the price downwards and eating into the profits made by the bulls. However, the support zone at $0.00000089 has given the bulls new strength to fly the price past the upper boundary of the wedge, confirming the anticipated bull rally.

The technical indicators are all bullish as the bulls have pushed the price past the 50-day and 200-day simple moving averages(SMAS), which now act as immediate resistance for the Pepe price.

The relative strength index (RSI) trades upwards at 63, rebounding from the 50 midline level and approaching the overbought zone, indicating intense buying pressure. A further push in the bullish momentum could see the RSI surge into the 70 overbought level.

The Pepe Price Bulls Target $0.00000206 Above the Wedge.

The Pepe price is generally bullish as Investors look to the formed falling wedge pattern, anticipating a bull rally. With support from the RSI and SMAs technical indicators, the bulls may drive the price higher, targeting $0.00000206 and aiming to surpass the previous high at $0.00000192.

However, bears could intervene to apply down pressure on the price, forcing the bulls to retreat to the support zone at $0.00000863.

As Pepe traders gear up to increase their positions, investors are eyeing Smog for investment opportunities as it challenges the supremacy of meme coin titans BONK, WIF, and MYRO on Solana.