PEPE COIN🔥🔥
Bullish Breakout🚀🚀🚀
Increasing trading volume and open interest bolster the bullish outlook for today's Pepe coin price prediction. Pepe coin holders should expect more profits
Pepe coin price showed the possibility of the asset rising higher—and it did. PEPE price surged in the last 24 hours, breaking out of a bullish chart structure and eyeing 16% potential additional gains. This officially makes Pepe one of the most bullish crypto assets in the top 20 largest coins by market cap. Pepe must overcome a zone of resistance before the trend fully reverses.
The current trend for the PEPE/USD price is bullish. The PEPE price has broken out of an ascending triangle pattern, indicating potential for further upward movement.
Pepe coin price action sports a support level around $0.00000812 (bottom of the breakout zone), with a stronger one around $0.0000070. On the flip side, the next major resistance is at $0.0000095 (200-day EMA), followed by a psychological resistance around $0.000010.
The breakout from the ascending triangle is a strong, bullish signal, as the recent green candles suggest strong buying momentum following the breakout. If the price breaks above the 200 EMA, Pepe may turn bullish, leading the entire market in the recovery.
The Relative Strength Index (RSI) is at 69.64, nearing overbought territory. This indicates strong bullish momentum but also the potential for a short-term pullback. The Chaikin Money Flow (CMF) at 0.07 shows positive money flow and confirms the strength of the breakout.
There is a noticeable increase in volume during the breakout, which further validates the bullish move setting center stage for our Pepe coin price prediction. Sustained higher volumes could lead to continued upward momentum.
If the Pepe price breaks below the 50-day EMA, it may signal market weakness and revert the asset back to a bearish stance, invalidating the current bullish thesis. Pepe would target $0.0000070 and $0.0000060 as the new support levels.
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