PEPE Price Prediction for May 24: Bulls Defend $0.00001550 as Breakout Rally Slows
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After a stunning surge from the $0.00001000 base earlier this month, the PEPE price is currently consolidating near the $0.00001550 mark, posting over 45% gains in less than two weeks. This sharp climb has brought the meme token back into focus, but momentum indicators now flash early caution signs even as bulls eye higher Fibonacci targets.
What’s Happening With PEPE’s Price?
On the weekly chart, PEPE price action shows a clean reversal from the multi-month lows, breaking past the 23.6% and 38.2% Fibonacci retracement levels. The rally reclaimed the psychological $0.00001200 mark and is now attempting to hold above $0.00001500—an area that previously acted as support before the February selloff.
The breakout from the $0.00001020–$0.00001200 consolidation range has been backed by rising volume and structure confirmation. This suggests bulls are attempting a larger reversal, especially as the token climbs toward the 50% retracement zone near $0.00001800.
Daily Structure Signals Exhaustion After Vertical Move
On the …
The post PEPE Price Prediction for May 24: Bulls Defend $0.00001550 as Breakout Rally Slows appeared first on Coin Edition.
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