PEPE Price Prediction for May 12: Will the Rally Hold Above $0.000013?

PEPE price today is consolidating just under $0.00001300, following a parabolic rise that saw it surge nearly 100% from May 7 lows. This breakout came after a multi-week accumulation phase and a clean breakout from a descending trendline on both the 1D and 4H charts. What’s Happening With PEPE’s Price? PEPE price dynamics (Source: TradingView) The PEPE price action has formed a strong bullish engulfing candle on the daily chart, pushing past multiple resistance zones in the $0.00000800 to $0.00001100 range. The short-term structure remains bullish as long as the price holds above the newly established support at $0.00001200. On the Fibonacci retracement (weekly chart), PEPE is now hovering between the 0.618 level at $0.00001206 and the 0.5 level near $0.00001448, which will likely act as short-term resistance. A clean break above $0.00001450 could open room for another PEPE price spike toward the 0.382 level around $0.00001775. PEPE Price Volatility Increases as Bulls Test Breakout Levels Zooming into the 4-hour chart, PEPE shows signs of healthy retracement after its vertical move. The Bollinger Bands are widening rapidly, indicating elevated PEPE pri… The post PEPE Price Prediction for May 12: Will the Rally Hold Above $0.000013? appeared first on Coin Edition .

Source: Coin Edition