The cryptocurrency market has been under sideways action for the past two weeks reflecting an uncertain investor sentiment around Bitcoin Halving. While the BTC price is still wavering around the $63000 mark, the Frog-themed memecoin Pepe outperforms this general sentiment to show a notable upswing in the daily chart.
From the swing low of $0.0000046, the PEPE coin price rebounded 65% to currently trade at $0.0000076. Amid the rally, the coin buyer gave a decisive breakout from the channel pattern, signaling higher growth potential.
Also Read: 5 Reasons To Buy & Hold Pepe Coin Right Now
Will Pepe Coin’s Recent Breakout Lead to a 45% Surge?
PEPE coin price| Tradingview
On April 23rd, the Pepe coin price gave a decisive breakout channel pattern for the daily chart. A breakout from this chart pattern signals the maturity of a downtrend and a renewed recovery sentiment among traders.
Currently, the lack of bullish momentum and impactful support of trading volume, the breakout rally
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