Pepe Price Prediction: PEPE Goes Ballistic With 52% Pump !!!!

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The Pepe price soared 52% in the last 24 hours to trade at $0.00000209 as of 00:27 a.m. EST on trading volume that surged 372% to $745 million.

This comes as Pepe shows signs of a bullish bias, outperforming the top meme coins by market cap: Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK).

Meme coins pumped as Bitcoin soared with BTC rocketing past the psychological threshold of $55,000 to reach $56,000 as it nears the Bitcoin halving event in April.

The Pepe price has been experiencing a downward trend since December, following a falling wedge pattern. With $0.00000086 serving as a solid support level, the bulls have managed to rally the price, breaking through the upper boundary of the pattern.

PEPE is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish sentiments. Furthermore, the 50-day Simple Moving Average (SMA) is trading above the 200-day SMA, forming a golden cross at the $0.00000112 level. This indicates a looming strong bullish movement to the upside.

The Relative Strength Index (RSI) is trading above the 70-overbought region at 85. This shows intense buying pressure, affirming the current investor’s optimism to push the Pepe price higher

Additionally, the Moving Average Convergence Divergence (MACD) reinforces the bullish outlook for Pepe’s price, as the moving average line (blue) crosses above the signal line (orange). This bullish crossover signals an encouragement for investors to buy more, potentially propelling the price to even greater heights.The long-term analysis for the Pepe price suggests the beginning of a bullish rally, marked by the price breaking above the falling wedge pattern.

Furthermore, with the emergence of a cup and handle pattern, the bulls are setting their sights on a target of $0.00000242, representing a 15% increase from the current price.

Should the bears gain control at this level, a minor price retracement to the $0.00000115 support zone could occur.