Pepe has undergone an impressive surge, with its value increasing by 41% in just a week. This upward movement began from a significant support level at $0.000006 and peaked at $0.00000818.

Analyzing the daily trading chart reveals the formation of an ascending triangle pattern, indicating a potential uptrend. The surge in Pepe's value can be attributed to a market correction that occurred in the middle of March. During this correction, Pepe's value dropped to a key psychological level.

Interestingly, this price point coincided with a 50% Fibonacci retracement level, which historically attracts investors looking for a rebound. Consequently, the market rebounded, strengthening the support level and preventing further devaluation.

The presence of an ascending trend line further supported this newfound resilience, potentially leading to a confrontation with the supply zone at $0.00000857. The consistent formation of higher lows suggests an increase in buying momentum, hinting at a continuation of the upward trend.

Currently, Pepe is trading at $0.00000810, showing moderate profits for the day. With a market capitalization of $3.4 billion, Pepe maintains a stable position among the top 50 cryptocurrencies. The potential breakout beyond the $0.00000086 threshold could result in a 25% increase to reach $0.0000108. Conversely, a breach below the lower trend line of the triangle could lead to a significant market correction.