Pepe Coin (PEPE) Price Regains Strength, Bulls Aiming to Clear $0.0000115 Resistance

Pepe coin (PEPE) is gaining bullish momentum above $0.00000980. The price might surge another 10%-15% unless the bears defend $0.0000115.

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Pepe coin (PEPE) price is displaying bullish signs above the $0.00000950 level. A daily close above this level could lead to further gains.

Pepe Coin Surges After Key BreakoutPepe coin price began a fresh increase after consolidating above the $0.00000650 support for some time. The token displayed a solid upward move, surpassing the $0.00000750 and $0.00000850 resistance levels. It even breached a crucial bearish trend line with resistance at $0.00000850 on the daily chart.

The bullish momentum pushed the price above the 61.8% Fib retracement level of the downward wave, which spanned from the $0.0000132 swing high to the $0.00000587 low.

PEPE is now trading significantly above the 50-day simple moving average (blue). The token has surged over 15% in two days, outperforming both Ethereum and Bitcoin. However, the bulls are encountering resistance at an important barrier around $0.0000115 on the daily chart.

The 76.4% Fib retracement level of the downward wave, from the $0.0000132 swing high to the $0.00000587 low, is acting as a key hurdle at $0.0000115.

A close above the $0.0000115 level might trigger another surge. The first key resistance is near the $0.0000132 level, followed by another resistance at $0.0000150, which coincides with the 1.236 Fib extension level of the downward wave, from the $0.0000132 swing high to the $0.00000587 low.

If PEPE manages to clear these hurdles, it could pave the way for a steady increase toward the $0.0000162 level.

Downside Correction?If Pepe coin fails to clear the $0.0000115 hurdle, the token could experience another decline. Immediate support is present near the $0.000010 level, followed by the first major support at $0.0000095.

A downside break below the $0.0000095 support might initiate another major decline. The next key support is located at $0.0000085. Any further decline could lead to a test of the $0.0000076 level.

In summary, the PEPE price is displaying bullish signs above $0.00000950. If the bulls manage to push the price above the $0.0000115 resistance, we could see a move toward $0.0000132 or even $0.0000150.

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