Pepe Coin (PEPE) Is Catching Up with Bitcoin and Is Up Over 75% in a Week

Pepe coin (PEPE) is catching up with Bitcoin and is up over 75% in a week. The price is consolidating and aims for a fresh surge above $0.0000220.

Cryptocurrency meme token Pepe Coin (PEPE) price surged over 75% in the past week. The price soared as major crypto exchange announced the listing of PEPE on their respective trading platforms.

The price saw a strong bid in the past few days as it recovered from the $0.000080 support zone. Bitcoin’s surge and Dogecoin’s rally sparked positive moves in PEPE. There was an upside break above the $0.000010 and $0.000011 resistance levels.

In major news, crypto exchanges Robinhood and Coinbase announced the listing of Pepe Coin on their respective trading platforms.

„Leap into the order book with Coinbase Advanced’s newest listing: PEPE is now available for trading.“

The price cleared a major contracting triangle with resistance at $0.000010 on the daily chart. The bulls pumped the price above the $0.000020 resistance and the 1.236 Fib extension level of the downward move from the $0.0000172 swing high to the $0.00000630 low.

The price traded to a new all-time high above $0.0000250 and settled well above the 50-week simple moving average (blue). It even spiked above the 1.618 Fib extension level of the downward move from the $0.0000172 swing high to the $0.00000630 low.

PEPE is now consolidating gains near the $0.0000210 level and might soon aim for another increase. Immediate resistance on the upside is near the $0.0000220 level.

The main hurdle seems to be forming near the $0.000024 region. A successful close above the $0.000024 barrier could open the doors for a fresh surge. In the stated case, the price could easily drift toward the $0.0000285 level.

If the bulls push the price above the $0.0000285 level, it could set the pace for a move toward the $0.000030 resistance. The next key resistance could be $0.0000320, above which the price could accelerate higher toward the $0.0000350 level.

Downside Correction?

Conversely, Pepe coin could fail to clear the $0.0000240 resistance zone and start a downside correction. Immediate support is near the $0.000020 level.

The first major support is near the $0.0000180 level. A downside break below the $0.0000180 support might spark major bearish moves. The next key support sits at $0.00000145. Any more losses might call for a test of $0.0000120.

Overall, PEPE price is consolidating gains above the $0.000020 zone. If the bulls remain in action, they could pump the price $0.0000220 and $0.0000240 for a new all-time high.