Is Pepecoin Craze Over or it's Just a Pullback Before the Next Bull Rally?

Pepecoin has been in a correction phase for the past five days, during which the price plummeted from its all-time high of $0.00000449 to the current price of $0.00000193 registering a loss of 57.2%. The pullback is showing sustainability above the 61.8% Fibonacci retracement level indicating the investors are interested in buying this memecoin at a dip. Here’s what the technical analysis project about the potential rally in the PEPE price