Pepe (PEPE) Price Prediction for May 20
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The PEPE price today is hovering around $0.00001285, slipping nearly 7.5% over the last 24 hours after facing a sharp intraday rejection near the $0.00001390 level. This move follows a volatile rally earlier this week that had pushed the meme coin above $0.000014 before sellers stepped in aggressively. Despite the strong upside momentum seen from May 7 to May 13, PEPE price action now signals rising hesitation from bulls as multiple resistance zones converge near the highs.
What’s Happening with PEPE’s Price?
On the 4-hour chart, PEPE price is trading within a newly forming symmetrical triangle after breaking out of an earlier bullish channel. The recent rejection near $0.00001424 aligns with a horizontal supply band and descending trendline from the May 13 peak. While short-term momentum has cooled, the broader structure remains intact as long as the $0.00001270 support zone holds.
Looking at the daily chart, PEPE is consolidating just below the weekly 50% Fibonacci retracement level around $0.00001448, which acts as a medium-term pivot for directional bias. A decisive c…
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