PEPE Price Shows Signs of Rebound with Target of $0.0000191
The meme coin market experienced a downturn, with PEPE suffering a significant price drop of approximately 15% over the past week. Currently, PEPE's price has stabilized around $0.000017, briefly reaching $0.000018.
Price Recovery Potential for PEPE
Crypto trader Ali Martinez forecasted a potential rebound for PEPE towards $0.0000191. His analysis is based on the Tom Demark “TD” Sequential buy signal detected on the 12-hour price chart. The TD Sequential indicator consists of two phases:
- TD Setup - A momentum phase with a 9-candle count.
- TD Countdown - A trend exhaustion phase with a 13-candle count.
Martinez noted that a sell signal was issued on January 4, leading to a 24% correction to around $0.0000167 by January 9. Recently, a bullish signal emerged, suggesting a possible price increase to between $0.0000185 and $0.0000191, indicating nearly a 10% rise from current levels.
Current Price Overview
As of now, PEPE is priced at approximately $0.000019, marking a 2% increase in the last 24 hours while still down about 15% over the previous week.
