The latest price cycle in the crypto market has brought surprising news. The altseason led by Ethereum has pushed the growth of other cryptocurrencies, including Bitcoin and memecoins such as PEPE.
PEPE Current Price and Trends
In the afternoon of November 27, PEPE was trading at $0.00001821. The token surpassed its previous resistance at $0.000019 and is now aiming for $0.00002. As of writing, PEPE is valued at $0.00001968 according to CMC data.
PEPE Chart Analysis
Looking at the weekly chart, PEPE shows a slight decline midweek, but is attempting to recover its bullish trend. The cryptocurrency's chart reflects a horizontal channel pattern, indicating a consolidation phase.
Future Growth Prospects
The MACD signal line is below the MACD line, indicating a downward trend. However, the bull power indicator is at 5.31, which, along with altseason support, could see the token reaching $0.00003600 by the end of the year according to TheNewsCrypto analysts.
PEPE shows signs of recovery and is aiming to reclaim its former market position. Continued monitoring is needed as altseason supports positive prospects.
