š„š„$PEPE Coin Price Analysis: 12% Rally Signals Breakout to $0.00002š„š„
Pepe has experienced a significant uptrend, surging by 80% over the past week. This growth is marked by consistent higher highs and higher lows, indicating a strong bullish trend.
ā Recent Surge
š**Eth ETF Boost**: Following the Ethereum ETF approval news, PEPE's momentum surged. Unlike typical market behavior, there was no significant pullback.
š**Current Price**: PEPE is now at $0.00001674, a 12% increase in the last 24 hours and an 80% rise over the past week.
ā New All-Time High
š**Record High**: PEPE reached a new all-time high of $0.00001706, just a week after its previous peak.
š**ERC20 Advantage**: As an ERC20 token, PEPE benefits from the hype generated by the Ethereum ETF news.
ā Bullish Indicators
š**Growing Holders**: The number of PEPE holders has increased to 231,977, a 0.26% rise in the past 24 hours.
š**Strong Support**: The price is trading above the 50-day and 200-day simple moving averages (SMAs), indicating robust bullish sentiment.
ā Potential Corrections
š**Support Levels**: Key support levels are around $0.00001387 and $0.00001100, which might attract investors after a retracement.
š**RSI Indicator**: The Relative Strength Index (RSI) is at 69.44, just below the overbought threshold, suggesting a possible short-term correction.
ā Future Outlook
š**Resistance Levels**: PEPE is expected to tackle resistance levels at $0.0001863, $0.00002123, and $0.00002607.
š**Ascending Triangle Breakout**: The recent breakout from a 5-month ascending triangle pattern suggests a profit margin potentially reaching $0.00002090.
š**Continued Growth**: If the bullish trend continues, PEPE could surge another 25% from its current price.
šØPlease follow for more updates and information. Thank you.
DYOR for financial activities.
$BTC $SHIB #PEPEā #altcoins #BinanceLaunchpool #WIF_Usdt #BTCā