$PEPE In the past 24 hours, it has risen by nearly 4%, just like a rocket ready to take off into the sky. However, on the way up, it encountered a lot of obstacles, and the price once fell to a low of $0.00002066. But the good news is that it has broken out of the long-term bull pennant consolidation, and the weekly increase is as high as 85.6%!
Now the price of Pepe is hovering around $0.00002257, as if waiting for a chance to break through. However, there is a big barrier ahead - the resistance level of $0.00002500. This position is like a high mountain, and it is not easy to climb over it. Moreover, this price point is also a psychological barrier, because it is an integer, or half of $0.000050, so many people will hesitate here.
Why is this resistance level so difficult to break? Because many traders and short-term investors have taken profits here and are waiting for the next opportunity to enter the market. Data shows that in the past 7 days, the inflow of large holders has dropped by 29%, and the number of transactions has dropped from more than 3,000 to 660. This means that large holders are retreating and waiting to see what the next step will be.
But don’t lose heart! Pepecoin has a chance to break through this resistance, and once it does, a 1000% gain awaits it! Why? Because the frog-themed crypto asset is currently in an uptrend, having broken out of a long-standing symmetrical triangle pattern, as well as support from increased volume and a parabolic curve.
Moreover, from the technical indicators, the breakthrough of Pepecoin is also very strong. The Fibonacci extension points to a higher upside target, and the average directional index also shows that the trend is strengthening. Although the relative strength index shows that the market is a bit overbought and may see consolidation or a small pullback, overall, the momentum of Pepecoin is still very strong.
What’s more worth mentioning is that Elon Musk also mentioned Pepe on Twitter recently, which brought a lot of exposure to Pepecoin. His tweets can cause market fluctuations, so everyone is looking forward to his next tweet about Pepe, hoping to bring stronger bullish sentiment.
In addition, Pepe has a very good trading volume among the top 20 cryptocurrencies by market value, and is listed on platforms such as Coinbase and Robinhood. Its strength should not be underestimated. Moreover, the price of Bitcoin also has a great impact on Pepe Coin. If Bitcoin can break through $90,000 or even $100,000, Pepe Coin will set a new record!
Of course, political events and regulatory changes cannot be ignored. Trump’s influence and the SEC’s attitude towards cryptocurrencies could have a significant impact on the price of Pepecoin.
Recently I plan to ambush a potential coin that is about to explode. It is very easy to double it. At the same time, I also plan to find some potential coins to hold by the end of the year. It is expected that there will be no problem in increasing the space by more than 10 times. If you want to follow up, please like + leave a message and share it for free.
