LIVE🚨 UPDATE ON $PEPE 🚨
Price is in an Uptrend. Following a bullish breakout from Channel Up, price reached resistance at $0.000017, where it got rejected. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.000017 to signal continuation of uptrend, or 2) pull back near $0.000013 support for another swing trade entry in Uptrend with +30% upside potential back to $0.000017. If price breaks above it's ATH of $0.0000173, the next possible resistance levels (price targets) based on Fibonacci Extensions are: $0.0000184 (61.80%), $0.0000198 (78.60%), S0.0000215 (100%) and $0.0000266 (161.80%).
Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance.
LIVEBullish breakout from Channel Up and above above $0.000012 resistance confirmed the Uptrend. Now price also broke above $0.000015 resistance. Based on Fibonacci Extension levels, the next potential resistance is at $0.0000164 (100%) and S0.0000211 (161.8%). Price is getting overbought with RSI > 70 but not overly and could sustain this momentum.
Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume its advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
Nearest Support Zone is $0.000012, then SO.0000092. Nearest Resistance Zone is $0.0000164, then $0.000021.
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