Amid the renewed recovery trend in the crypto market, the Pepe coin price<\/a> showcased a bullish reversal from the $0.000006 psychological support. This positive turnaround surged the memecoin to $0.00000818, registering a 41% weekly surge. Analyzing the daily chart, the price reversal also develops a bullish pattern called an ascending triangle, indicating the asset is poised for higher recovery.<\/span><\/p>\n Also Read: Pepe Coin And Dogwifhat Surges By 30% In 7 Days \u2013 Could Dogecoin20 Be Next?<\/a><\/p>\n <\/p>\n The crypto market witnessed a notable correction in March\u2019s third week, which plunged the Pepe Coin price to $0.000006. This psychological level coinciding with the 50% retracement level creates a high Area of Interest(AOI) for buyers to stall further price correction.<\/span><\/p>\n In theory, a price fall to 50% FIB level is considered a healthy retracement for buyers to recuperate bullish momentum. A recent reversal from this support, assisted by an ascending trendline(In Blue) has retested the supply zone at $0.00000857.<\/span><\/p>\n <\/p>\n This chart setup resembles the formation of a bullish pattern called an ascending triangle<\/a>. The higher low formation hints the buyers are gradually strengthening their grip over this asset to lead a high momentum rally.<\/span><\/p>\n The Pepe Coin price currently trades at $0.00000810 with an intraday gain of 0.37%. Having a market cap of 3,4 Billion, this frog-themed memecoin stands among the top 50 cryptocurrencies as per CoinMarketCap.<\/span><\/p>\n<\/blockquote>\n Under the influence of the triangle pattern, the PEPE<\/a> price is likely to break the $0.00000086 neckline setting the stage for higher recovery. The post-breakout rally may drive the memecoin value 25% to challenge the $0.0000108 high.<\/span><\/p>\n <\/p>\n However, a breakdown below the pattern\u2019s lower trendline may accelerate the selling pressure for prolonged correction.<\/span><\/p>\n Also Read: Bitcoin Bull Robert Kiyosaki Reveals Reason Behind BTC $300K Prediction<\/a><\/p>\n <\/p>\n Related Articles<\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nPepe Coin Sets Sights on Recovery with Ascending Triangle Pattern<\/b><\/h2>\n
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Technical Indicator<\/b><\/h2>\n
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