Based on the chart provided for $PEPE /USDT, it appears that PEPE has made a notable move, currently trading at $0.00000831, marking a 6.81% increase. The price action over the past few sessions has shown significant bullish momentum, with the price touching a 24-hour high of $0.00000834 and forming a series of higher lows, indicating strength in the upward trend.
The immediate support level is seen around $0.00000771, while resistance is noted just above the current price at $0.00000834. This suggests that if PEPE breaks above the resistance level, it could experience further gains. However, failure to maintain the current bullish momentum could see the price testing the support level, with possible dips toward the lower support zone at $0.00000742.
Traders considering long positions should wait for a confirmed breakout above $0.00000834 to target further upside moves. Meanwhile, a short trade could be initiated if the price dips below the $0.00000771 support, with stop losses placed at the nearest resistance or support levels to manage risk.
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