Pepecoin has been in a correction phase for the past five days, during which the price plummeted from its all-time high of $0.00000449 to the current price of $0.00000193 registering a loss of 57.2%. The pullback is showing sustainability above the 61.8% Fibonacci retracement level indicating the investors are interested in buying this memecoin at a dip. Here’s what the technical analysis project about the potential rally in the PEPE price
Key Points:
After a massive rally, the significant correction was important for Pepecoin to check price suitability and recreate the bullish momentum.
Completion of ascending triangle pattern may kickstart a new bullish recovery
The intraday trading volume in the PEPE is $1.42 Billion, indicating a 292.5% gain.
Source- Tradingview
The Pepecoin price is currently hovering above the combined support of $0.00000184 and 61.8% FIB level trying to obtain suitable footing at this level. The 61.8% FIB level may not reflect a healthy retracement but can o
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