The cryptocurrency market has seen a significant increase in valuation recently, adding around $60 Billion in value following a market correction. Despite this, the leading cryptocurrency, BTC, remains above the $57,000 mark.

Within the meme coin category, there have been mixed price movements indicating uncertainty in the future. However, the Pepe coin has experienced a boost in price, showing a bullish trend.

After a period of neutrality, the PEPE coin saw a surge of over 754% in March, reaching a high of $0.000010. Since then, the price has faced bearish pressure.

Pepe memecoin has formed a symmetric triangle pattern in the 1D time frame, and the Cross EMA 50/200-day suggests a bullish sentiment with the possibility of increased bullish price action.

The MACD indicator shows a decrease in the green histogram, signaling higher selling pressure. There is a chance of a bearish convergence in the 1D time frame, indicating a mixed sentiment in the crypto market.

If the bulls maintain momentum, the Pepe memecoin may reach its resistance level of $0.00000785 over the weekend. Failure to hold this level could see a decline towards the support level of $0.0000590, potentially falling to $0.0000040 in the future.