📉 Pepe’s 70% Drop Sets Up a Bullish Move
After peaking at $0.00002830 in December, Pepe Coin (PEPE) has plunged over 70%, trading near its lowest level since November. Despite the bearish trend, a falling wedge pattern is forming, often a sign of an upcoming bullish breakout.
📊 Technical Indicators Flash Buy Signals
Pepe's Percentage Price Oscillator (PPO), an advanced MACD tool, shows a bullish divergence, flashing a buy signal since February 13. Meanwhile, its Relative Strength Index (RSI) has broken its descending trendline, reinforcing the potential for an upward move.
💡 MVRV Indicator Reaches the Buy Zone
The Market Value to Realized Value (MVRV) indicator has dropped to -0.576, a level historically linked to strong price rebounds. Last time it hit this range, Pepe skyrocketed, making this another bullish confluence.
🎯 Price Targets & Key Levels
If the pattern holds, Pepe Coin could rally 245% to retest its all-time high of $0.00002830. However, a drop below $0.0000060 would invalidate this outlook, signaling further downside risk.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.