Post-Retest Jump For PEPE Meme Coin

Being one of the only non-dog-themed top meme coins, PEPE becomes a top choice of whales with a market cap of almost $3.5B. Despite the 9% pullback in this week’s start, the price action reflects a high reversal and bull run likelihood.

With the bearish wedge breakout rally leading to the inverted head and shoulder pattern break, the underlying demand for PEPE is rising. The recent pullback comes as the retest of the broken neckline at $0.0000078, close to the 50% Fibonacci level.

With an intraday growth of 4.77% and a morning star pattern in the 1D chart, the meme coin is all set for a post-retest jump. As per the Fibonacci retracement of the pullback phase, the uptrend could hit the $0.000014 mark if it reclaims the $0.000010 mark.

https://coinpedia.org/price-analysis/will-these-top-meme-coins-perform-in-may/