PEPE investors had a tough week as the memecoin’s price dropped sharply. Owing to the same, a major chunk of investors were bound to bear...
A bullish falling wedge pattern appeared on the memecoin’s chartinvestors had a tough week as the memecoin’s price dropped sharply. Owing to the same, a major chunk of investors were bound to bear losses. However, this might change soon as a new bull rally might be around the corner. Especially since at press time, PEPE’s price was sitting at a crucial level on the charts., the memecoin’s price dropped by more than 21% in the last 7 days.
Previously, when a similar incident happened back in April, the memecoin’s price gained bullish momentum, allowing it to hit an all-time high.Source: X Here, it must be noted that at press time, things had already started to turn bullish. In the last 24 hours alone, the memecoin’s price surged by 14%. At the time of writing, the memecoin was trading at $0.00000915, with a market capitalization of over $3.85 bullion.
To find out the odds of PEPE repeating history once again, AMBCrypto planned to have a closer look at the memecoin’s daily chart. Our analysis revealed a bullish falling wedge pattern on PEPE’s chart. It seemed to be testing the lower limit of the pattern. A successful test might begin the rally, which could result in a retest of its ATH.Since PEPE retouching its ATH seemed more likely to happen over the coming weeks, AMBCrypto then checked Hyblock Capital’s data to see what to expect in the short term.
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