PEPE’s Key Resistance Break Could Signal Start of New Bullish Momentum.
Double Bottom Formation Near $0.06999 Suggests Bullish Reversal Incoming.
Neutral RSI and MACD Crossover Indicate PEPE is Primed for a Major Move.
Pepe Coin ($PEPE) appears to be setting up for a bullish move, as recent price action suggests a higher low has formed according to Plazma, an analyst.
With the current chart showing signs of consolidation and key support levels holding strong, traders are anticipating a potentially strong period for this meme coin. An analysis of the $PEPE/WETH pair on Uniswap highlights critical support and resistance levels that could shape the next move for this popular cryptocurrency.
$PEPE confirmed higher low, we are entering the most bullish time of the year. pic.twitter.com/9RrM9qaBnE
— Plazma (@Plazma0x) September 17, 2024
Key Resistance Levels to Watch
The $PEPE faces significant resistance levels that will need to be broken for a potential rally. The $0.00001720 resistance level marks a crucial area where the price was rejected during a previous uptrend.
Breaking above this level could signal a continuation of the bullish momentum. A…
The post Pepe Coin ($PEPE) Bullish Breakout Brewing? Chart Hints at Strong Rally appeared first on Coin Edition.
