Pepe price has dropped in the past two months as demand for crypto prices eased and a sense of fear returned. It has dropped by over 43% from its highest point this year, and is now nearing its lowest point since May.
Pepe Price Technical Analysis Signals a Surge is Coming
There is a likelihood that the Pepe price will stage a strong comeback in July after crashing by over 43% from the highest point in May. The main bullish aspect is that it has slowly formed a highly bullish chart pattern known as a falling wedge.
A wedge is characterized by two descending and converging trendlines that signify that the downtrend is losing momentum. This pattern normally leads to a strong surge when the two trendlines are about to converge.
Most notably, Pepe price has formed a break-and-retest pattern by falling to the key support at $0.0000092, its highest point on March 26. This is a notable price since it was the neckline of the double-bottom point at $0.0000057.
A double-bottom is one of the most bullish patterns in technical analysis, while a beak-and-retest confirms its breakout. Therefore, the token will likely have a strong bullish breakout, with the initial level to watch being at $0.00001625, the highest point this year, which is nearly 80% above the current level.
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Bitcoin Pepe Hits $16M Milestone
Meanwhile, BPEP, a crypto project inspired by Pepe, has hit a crucial milestone after hitting the $16 million fundraising milestone. This fundraising makes it one of the most successful crypto presales of the year.
Bitcoin Pepe is a crypto project that aims to disrupt Solana, which has become the biggest player in the meme coin industry. It will do that by focusing on the most popular crypto in the industry: Bitcoin.
It is building a layer-2 network on Bitcoin that will let users launch their meme coins within a few minutes. On top of that, the network will have a decentralized exchange (DEX), mirroring Solana’s Pump. It will also have a bridge and other features to make it vibrant.
This strategy explains why Bitcoin Pepe has become highly popular among crypto investors, who see it as the next big thing in crypto.
The other reason is that BPEP is a cheap coin trading at $0.04, a price that is expected to be lower than the ultimate listing one. Bitcoin Pepe buyers are receiving a 30% bonus as the token sale nears its end.
Looking ahead, June 30 will be a crucial day because the developers will unveil the listing date and the other exchanges that will list it. They have already unveiled Uniswap and BitMart as the initial partners. Hurry up and buy Bitcoin Pepe here.
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