The cryptocurrency market is showing growth, with Ethereum leading the charge, having risen 62% in the past month. Meme coin PEPE is also showing activity and potential.
General Market Overview
The overall cryptocurrency market is experiencing a bullish trend, with Ethereum (ETH) trading above $3,900. The increase in prices of major cryptocurrencies is helping to boost interest in other assets, including meme coins.
PEPE Chart Analysis
PEPE is demonstrating positive momentum with a monthly gain of 40%. Charts indicate the formation of a harmonic pattern, characterized by steady growth. According to the daily chart, PEPE is forming a 'bearish ABCD pattern,' which may actually suggest a subsequent bullish phase.
Future of PEPE
If the current trend continues, PEPE could see an increase of 48%, reaching around $0.00001936. This level will become a key resistance zone for traders who will monitor its performance at this level.
With the current bullish dynamics in the market, further growth for PEPE is possible; however, traders should be cautious regarding support and resistance levels.
