ā¢ The price recently surged to a high of 0.70347 before pulling back to 0.61667, which suggests some profit-taking or resistance at the recent high. ā¢ The current price is above both the MA(7) and MA(25), indicating strong bullish momentum in the short and medium term.
š Moving Averages
ā¢ MA(7) (yellow line at 0.56227) is above MA(25) (pink line at 0.42216), which supports a bullish sentiment. ā¢ The price maintaining above these moving averages is a positive sign,
š Chart Analysis š Looking at the recent PEPE/USDT chart, we might be witnessing a classic bull flag formationāa bullish continuation pattern that could signal further gains ahead. Hereās the breakdown:
š Why It Looks Bullish:
1. Strong Uptrend: The price has made a significant upward move, forming what we call the āflagpoleā in a bull flag pattern. This initial move sets the stage for a potential continuation. 2. Consolidation with Higher Lows: Following the flagpole, the price has enter