PEPE Price Surges 50%, Could Reach $0.00001 Target

PEPE has been gaining attention in recent days after rising approximately 50% in just a few days, making it one of the notable beneficiaries of the latest cryptocurrency market rally.

The meme coin is currently trading at $0.000005023, following a recovery that coincided with Bitcoin climbing above $85,000, its highest level since January. Other meme coins have also participated, with Dogwifhat reportedly gaining 17.7% and Dogecoin rising 13.8%.

Crypto analyst Lana Valentis believes PEPE's recovery could have considerably further to run. She identifies a potential bullish reversal pattern on the daily chart, with an ambitious final target of $0.00001.