Here’s Why Pepe Coin Price Sees a 20% Breakout Rally in May

The cryptocurrency market points to an extended correction trend as Bitcoin price plunged to a low of $61000 on Tuesday. Amid the market sell-off, Pepe, the Frog-theme memecoin tumbled 7.3% struggling to hold its value above the 38.2% Fibonacci retracement level at $0.0000065. However, analysis of the 4-hour chart shows the Pepe coin price is still developing a bullish pennant pattern indicating the potential for uptrend continuation.