🔴$PEPE is Ready to Rise 50% 🔴
PEPE Price Poised for 50% Surge: Key Breakout Levels to Monitor
PEPE, a popular meme coin, has gained 11.51% in the last 24 hours, outpacing the broader meme coin market's 6.67% increase. Despite a 13.25% drop since last Friday, PEPE's recent advances have sparked trading attention, with its trade volume rising 15.81% to $1.13 billion in 24 hours.
Bullish Chart Patterns Suggest 50% Price Rise
AltCryptoTalk creator and trader Sjull identified a bullish chart pattern for PEPE, similar to its trend in April 2024. After breaking out of a consolidation zone, PEPE rallied to a new all-time high. Currently, PEPE's chart shows a similar consolidation pattern following the recent dip.
Key Breakout Levels:
- Resistance: $0.0000084 (near the 200EMA)
- Consolidation Zone: $0.0000069 - $0.00000822
- Recent Breakout: $0.0000086
Technical Indicators:
- 200EMA: Consolidating, breaking its August downturn, suggesting a potential trend reversal
- 20EMA: Rising convergence with the 200EMA, indicating a possible upswing
- Relative Strength Index (RSI): Optimistic at 55, leaning bullish
Price Prediction:
Based on these factors, PEPE's price might rise 50% to $0.0000126 or higher in the coming days.
