Let's break down one of the leading altcoins $PEPE 🐸
💰PEPE is used in the #pepecash ecosystem, which provides the ability to create, exchange, and collect digital collectible cards (called Pepe-cards) based on blockchain. #PEPE❤️ holders can use tokens to purchase, sell and exchange Pepe-cards within the ecosystem. These cards can have unique designs and characteristics, making them valuable to collectors.
🗣The beginning of the year, it performed more than any other meme koin and showed a 600% net movement growth. After this bump, we moved between the global support level around $0.000006 and the global resistance level around $0.000008. So we also tested the area of higher volume multiple times and showed a reaction.
➡️ In the nearest future after the test of the global support level I expect the formation of reversal patterns and breaking of short imbalances on the hourly and 4 hourly TFs
➡️In the medium term I expect growth up to 0.000001$. But to reach this target we need to break the area of increased volume and global resistance level. If this level is broken, the price will reach the medium-term target very easily
➡️Globally, given how this sector of #assets will be transformed, we can expect a 500% net move up and we will see it in the near term.
#ScamRiskWarning #bitcoin
