Pepe Coin price suffered a big reversal today, May 19, as the mood in the crypto and stock market worsened following the recent Moody’s credit rating downgrade of US debt. The meme coin was down by almost 10% in the last 24 hours. Nonetheless, its technicals and popularity among traders points to a rebound, potentially to its all-time high of 0.000028381. Pepe Coin Price Technical Analysis Points to an Eventual Rebound While the Pepe Coin price has pulled back, technicals point to a contrarian rebound to its all-time high. The first thing to watch is that the coin has formed a bullish flag chart pattern on the daily chart. This pattern happens when an asset goes parabolic and then starts to consolidate as some investors take a breather. In most periods, this consolidation is usually followed by another parabolic move. In the Pepe price case, the first part of the… Read More at Coingape.com
The post Can Pepe Coin Price Realistically Revisit $0.0000283 ATH Before 2025 Ends? appeared first on CoinGape.
