Bullish Signals for PEPE🚀: Why PEPE 🐸 Price Could Jump 50% Soon

PEPE, the popular frog-themed meme coin, has seen a 12% price increase in the past week, avoiding a potential monthly low. If current market sentiment stays strong and PEPE breaks key resistance levels, the coin could soar by 50%. Here's why.

The Money Flow Index (MFI), a key indicator that measures buying and selling pressure, shows PEPE gaining bullish momentum. Currently above the neutral 50.00 mark, this suggests that buying pressure is outweighing selling, indicating further price growth.

Additionally, PEPE’s price is sitting above the Ichimoku Cloud, a technical indicator that highlights support and resistance levels. When an asset’s price is above the cloud, it typically signals a bullish trend, pointing to the potential for more gains.

PEPE recently attempted to break through $0.000011 but faced resistance. However, technical indicators like the Fibonacci retracement show strong support at $0.0000089, suggesting a potential push above $0.000011. If successful, PEPE could target $0.000015, a 50% increase from current levels.

However, if sellers push the price down again, PEPE could fall to $0.0000067. Investors should keep an eye on the $0.000011 level as a key indicator for future movement.

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