The article discusses the price rally of the PEPE meme coin amidst the broader market recovery. With the crypto market reaching a valuation of $3.5 trillion and Bitcoin hovering around the $100,000 mark, the meme coin segment has reached a market cap of $107 billion. PEPE has shown a 6.67% rise in the past 24 hours, securing its spot as one of the top-performing coins. The price action analysis suggests a bullish recovery within a symmetrical triangle pattern, with PEPE bouncing off the support trendline and reclaiming the 23.60% Fibonacci level. However, it faced resistance at the 200-EMA line, resistance trendline, and 38.20% Fibonacci level. Despite a bearish reversal and retesting the 100-EMA line, the positive uptick in the 20-EMA line indicates potential bullish momentum. Crypto analyst Ali Martinez has highlighted a buying opportunity for PEPE based on the TD Sequential Indicator triggering a buy signal, anticipating a rebound to $0.000021. The chart suggests a Double Bottom Reversal, and the recovery could lead to a surge to the 38.20% Fibonacci level. The upside price target for PEPE is at the 61.80% Fibonacci level at $0.0000225, while the 23.60% Fibonacci level remains a crucial support.



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