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Pepe Coin Price Poised for $0.000027 Breakout as Whales Open $3M Long Positions

Pepe Coin price is poised for a breakout to $0.000027 as a double bottom pattern emerged on the weekly chart. This looming breakout coincides with two whales opening long positions valued at more than $3 million, suggesting optimism of further gains. Pepe Coin trades at $0.0000141 at press time after a strong bounce from the daily low of $0.0000134. Trading volumes had dropped by 21% at press time, according to data from CoinMarketCap. Pepe Coin Price Targets $0.000027 Breakout Next Pepe Coin has bounced from the support zone between $0.000054 and $0.000062 to form a classic double bottom pattern. This chart pattern often signals that the trend is about to shift from bearish to bullish, suggesting that the PEPE price rally that commenced in April will continue. For Pepe Coin price to break out above $0.000027, bulls need to overcome the resistance between $0.000014 and $0.000016. In the last three… Read More at Coingape.com

The post Pepe Coin Price Poised for $0.000027 Breakout as Whales Open $3M Long Positions appeared first on CoinGape.

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